Nan Fung Trinity HK Ltd. Lowers Stock Position in Vornado Realty Trust $VNO

Nan Fung Trinity HK Ltd. decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 53.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,100 shares of the real estate investment trust’s stock after selling 112,900 shares during the quarter. Nan Fung Trinity HK Ltd. owned about 0.05% of Vornado Realty Trust worth $3,976,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE grew 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. Spire Wealth Management raised its holdings 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 purchasing an additional 275 shares in the last quarter. Bfsg LLC lifted its position in Vornado Realty Trust by 5.9% in the third quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 280 shares during the period. Amalgamated Bank boosted its holdings in Vornado Realty Trust by 0.4% in the 2nd quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock valued at $2,933,000 after purchasing an additional 314 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Vornado Realty Trust by 4.7% during the 2nd quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.2%

Shares of NYSE VNO opened at $31.87 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 5.58 and a current ratio of 5.58. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $45.37. The stock’s 50-day simple moving average is $34.06 and its 200-day simple moving average is $36.99. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 5.50 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a return on equity of 19.48% and a net margin of 49.91%.The company had revenue of $453.70 million for the quarter, compared to analyst estimates of $435.19 million. During the same period in the prior year, the company posted $0.52 EPS. Vornado Realty Trust’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate 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 disclosed 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 of this dividend was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 17.62%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VNO. Piper Sandler cut their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. LADENBURG THALM/SH SH started coverage on shares of Vornado Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $48.00 target price for the company. Truist Financial dropped their price target on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Evercore ISI reduced their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Finally, JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a research report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.