Renaissance Technologies LLC bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,999 shares of the real estate investment trust’s stock, valued at approximately $5,987,000.
A number of other large investors have also recently made changes to their positions in VNO. Gruss & Co. Inc. bought a new position in Vornado Realty Trust in the first quarter worth approximately $673,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Vornado Realty Trust by 9.1% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 91,605 shares of the real estate investment trust’s stock worth $6,165,000 after acquiring an additional 7,629 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Vornado Realty Trust by 8.6% in the first quarter. The Manufacturers Life Insurance Company now owns 182,745 shares of the real estate investment trust’s stock worth $12,299,000 after acquiring an additional 14,399 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Vornado Realty Trust by 4.1% in the first quarter. Guggenheim Capital LLC now owns 517,125 shares of the real estate investment trust’s stock worth $34,802,000 after acquiring an additional 20,144 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Vornado Realty Trust by 36.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 285,188 shares of the real estate investment trust’s stock worth $19,193,000 after purchasing an additional 76,776 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.
Shares of Vornado Realty Trust stock opened at $67.46 on Friday. The company has a market capitalization of $13.89 billion, a PE ratio of 18.09, a P/E/G ratio of 8.75 and a beta of 0.91. Vornado Realty Trust has a 52 week low of $64.13 and a 52 week high of $80.30. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $541.80 million during the quarter, compared to analysts’ expectations of $539.78 million. Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. On average, equities research analysts predict that Vornado Realty Trust will post 3.88 earnings per share for the current fiscal year.
VNO has been the subject of several analyst reports. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, October 1st. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a research note on Monday, July 30th. Deutsche Bank lowered their price objective on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, June 26th. ValuEngine downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Argus increased their price objective on Vornado Realty Trust from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.78.
Vornado Realty Trust Profile
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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