Alliancebernstein L.P. lessened its position in shares of Vornado Realty Trust (NYSE:VNO) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 368,128 shares of the real estate investment trust’s stock after selling 27,058 shares during the quarter. Alliancebernstein L.P. owned 0.19% of Vornado Realty Trust worth $26,873,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in Vornado Realty Trust during the 2nd quarter valued at about $122,000. Federated Investors Inc. PA grew its stake in Vornado Realty Trust by 5,125.0% during the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 2,050 shares during the last quarter. KAMES CAPITAL plc acquired a new position in shares of Vornado Realty Trust in the 3rd quarter valued at about $186,000. Linscomb & Williams Inc. acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at about $211,000. Finally, Quantum Capital Management acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 79.80% of the company’s stock.
Several equities analysts have recently issued reports on VNO shares. ValuEngine raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. SunTrust Banks reissued a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a report on Thursday, August 16th. 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 report on Monday, October 1st. BMO Capital Markets reissued a “buy” rating on shares of Vornado Realty Trust in a report on Monday, October 15th. Finally, Scotiabank started coverage on Vornado Realty Trust in a report on Tuesday, October 16th. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $79.80.
In related news, EVP Joseph Macnow sold 23,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $70.80, for a total value of $1,628,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.04% of the company’s stock.
NYSE VNO opened at $71.96 on Monday. The stock has a market capitalization of $13.69 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 4.67 and a beta of 0.90. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $79.56. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.36.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $542.05 million during the quarter, compared to analyst estimates of $544.62 million. Vornado Realty Trust had a return on equity of 8.55% and a net margin of 16.89%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. As a group, equities research analysts expect that Vornado Realty Trust will post 3.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.52 dividend on an annualized basis and a yield of 3.50%. Vornado Realty Trust’s payout ratio is 67.56%.
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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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