Pacific Heights Asset Management LLC Boosts Position in Vornado Realty Trust $VNO

Pacific Heights Asset Management LLC lifted its position in Vornado Realty Trust (NYSE:VNO) by 60.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the real estate investment trust’s stock after purchasing an additional 75,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Vornado Realty Trust were worth $8,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of VNO. Norges Bank purchased a new position in Vornado Realty Trust in the second quarter worth approximately $665,094,000. US Bancorp DE lifted its stake in shares of Vornado Realty Trust by 1.3% in the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 259 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Vornado Realty Trust by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock worth $16,972,000 after purchasing an additional 50,285 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Vornado Realty Trust by 48.0% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock worth $55,044,000 after purchasing an additional 466,621 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Vornado Realty Trust by 18.8% during the 2nd quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 1,214 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

Shares of VNO opened at $33.68 on Tuesday. The company has a market cap of $6.47 billion, a P/E ratio of 8.02, a PEG ratio of 5.81 and a beta of 1.49. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $45.37. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 1.42. The firm’s 50 day moving average price is $34.45 and its 200 day moving average price is $37.36.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. Vornado Realty Trust had a net margin of 49.91% and a return on equity of 19.48%. The business had revenue of $453.70 million during the quarter, compared to the consensus estimate of $435.19 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share 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. Investors of record on Thursday, December 18th were paid a dividend of $0.74 per share. This represents a yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s payout ratio is presently 17.62%.

Analyst Ratings Changes

VNO has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $48.00 price objective on the stock. Truist Financial lowered their price objective on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Finally, Mizuho decreased their price target on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.31.

About Vornado Realty Trust

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.