Proficio Capital Partners LLC Makes New $4.81 Million Investment in Vornado Realty Trust (NYSE:VNO)

Proficio Capital Partners LLC purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 114,399 shares of the real estate investment trust’s stock, valued at approximately $4,809,000. Proficio Capital Partners LLC owned approximately 0.06% of Vornado Realty Trust as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC bought a new stake in Vornado Realty Trust during the fourth quarter worth approximately $32,000. UMB Bank n.a. lifted its stake in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 872 shares during the period. Assetmark Inc. boosted its holdings in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 661 shares during the period. Finally, Quarry LP bought a new position in Vornado Realty Trust in the 3rd quarter worth $54,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 4.6 %

Shares of Vornado Realty Trust stock opened at $40.09 on Tuesday. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The firm has a market capitalization of $7.65 billion, a PE ratio of 1,002.25, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The company’s fifty day moving average price is $41.45 and its two-hundred day moving average price is $40.44.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.38%. Vornado Realty Trust’s dividend payout ratio is presently 1,850.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VNO shares. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price target for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Truist Financial increased their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Evercore ISI lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 25th. Finally, Compass Point raised their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.55.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.