Neo Ivy Capital Management Makes New Investment in Vornado Realty Trust $VNO

Neo Ivy Capital Management bought a new stake in Vornado Realty Trust (NYSE:VNO) in the third quarter, HoldingsChannel reports. The institutional investor bought 34,764 shares of the real estate investment trust’s stock, valued at approximately $1,409,000.

Several other institutional investors also recently made changes to their positions in VNO. Westside Investment Management Inc. grew its stake in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 443 shares during the period. Quent Capital LLC purchased a new stake in Vornado Realty Trust during the third quarter worth about $39,000. Spire Wealth Management grew its position in Vornado Realty Trust by 19.6% during the third quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 275 shares during the period. Hantz Financial Services Inc. increased its holdings in Vornado Realty Trust by 238.9% in the third quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,443 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in shares of Vornado Realty Trust by 101.3% during the 3rd quarter. MCF Advisors LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,391 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNO has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a research note on Monday, November 24th. Mizuho reduced their price objective on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Scotiabank decreased their target price on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Finally, Truist Financial lowered their target price on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $37.00.

Vornado Realty Trust Stock Down 4.8%

Shares of NYSE VNO opened at $26.96 on Friday. The firm’s 50-day moving average is $31.25 and its two-hundred day moving average is $35.45. The company has a market capitalization of $5.14 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 1.51 and a beta of 1.53. Vornado Realty Trust has a 12-month low of $25.71 and a 12-month high of $43.37. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The business had revenue of $453.71 million for the quarter, compared to analysts’ expectations of $440.23 million. During the same period last year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Thursday, December 18th were issued a dividend of $0.74 per share. This represents a yield of 220.0%. The ex-dividend date was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio is 17.66%.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.