First National Bank Sioux Falls Sells 690 Shares of Vornado Realty Trust (NYSE:VNO)

First National Bank Sioux Falls trimmed its position in Vornado Realty Trust (NYSE:VNO) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,621 shares of the real estate investment trust’s stock after selling 690 shares during the period. First National Bank Sioux Falls’ holdings in Vornado Realty Trust were worth $615,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the 4th quarter worth $32,000. Versant Capital Management Inc raised its position in Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 872 shares during the period. Blue Trust Inc. raised its position in Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares during the period. Assetmark Inc. raised its position in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Vornado Realty Trust in the 2nd quarter worth $48,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of VNO traded up $0.62 during mid-day trading on Monday, hitting $38.37. 665,628 shares of the company traded hands, compared to its average volume of 1,197,198. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of -132.31 and a beta of 1.62. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The stock has a 50-day moving average price of $42.57 and a two-hundred day moving average price of $37.25.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same period in the prior year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date 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 7.71%. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Scotiabank boosted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI boosted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, Barclays boosted their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $37.61.

About Vornado Realty Trust

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