Allianz Asset Management GmbH Decreases Stock Position in Vornado Realty Trust $VNO

Allianz Asset Management GmbH trimmed its position in shares of Vornado Realty Trust (NYSE:VNO) by 42.1% in the third quarter, Holdings Channel.com reports. The firm owned 242,239 shares of the real estate investment trust’s stock after selling 176,424 shares during the period. Allianz Asset Management GmbH’s holdings in Vornado Realty Trust were worth $9,818,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Vornado Realty Trust during the second quarter valued at about $665,094,000. Franklin Resources Inc. boosted its holdings in Vornado Realty Trust by 0.9% in the second quarter. Franklin Resources Inc. now owns 12,034,746 shares of the real estate investment trust’s stock valued at $460,209,000 after purchasing an additional 105,062 shares during the last quarter. State Street Corp grew its stake in Vornado Realty Trust by 0.5% during the 2nd quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock valued at $337,775,000 after purchasing an additional 39,767 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 88.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after purchasing an additional 2,344,037 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Vornado Realty Trust by 0.9% during the 2nd quarter. Invesco Ltd. now owns 4,239,539 shares of the real estate investment trust’s stock worth $162,120,000 after purchasing an additional 36,355 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore decreased their price target on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Scotiabank dropped their target price on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. LADENBURG THALM/SH SH initiated coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target for the company in a research note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $38.31.

Vornado Realty Trust Stock Up 2.7%

Shares of NYSE:VNO opened at $31.29 on Monday. The company’s fifty day moving average is $33.48 and its two-hundred day moving average is $36.67. 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 has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 5.42 and a beta of 1.52.

Vornado Realty Trust Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s dividend payout ratio is 17.62%.

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.