BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Vornado Realty Trust (NYSE:VNO) by 14.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,124 shares of the real estate investment trust’s stock after acquiring an additional 5,488 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Vornado Realty Trust were worth $2,675,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Utah Retirement Systems grew its stake in Vornado Realty Trust by 0.4% during the 4th quarter. Utah Retirement Systems now owns 44,940 shares of the real estate investment trust’s stock worth $2,789,000 after buying an additional 200 shares during the last quarter. Mackenzie Financial Corp grew its stake in Vornado Realty Trust by 5.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,390 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 224 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Vornado Realty Trust by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 26,175 shares of the real estate investment trust’s stock worth $1,624,000 after buying an additional 225 shares during the last quarter. Bessemer Group Inc. grew its stake in Vornado Realty Trust by 33.3% during the 4th quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 247 shares during the last quarter. Finally, Tredje AP fonden lifted its position in Vornado Realty Trust by 2.4% during the 4th quarter. Tredje AP fonden now owns 10,569 shares of the real estate investment trust’s stock worth $656,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 79.38% of the company’s stock.
VNO opened at $67.29 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $12.82 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Vornado Realty Trust has a 12 month low of $59.48 and a 12 month high of $77.59.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.72). The business had revenue of $543.42 million during the quarter, compared to analyst estimates of $544.79 million. Vornado Realty Trust had a net margin of 20.22% and a return on equity of 8.15%. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, research analysts forecast that Vornado Realty Trust will post 3.92 EPS for the current fiscal year.
A number of analysts have weighed in on VNO shares. JPMorgan Chase & Co. cut Vornado Realty Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $74.00 to $72.00 in a research report on Wednesday, December 19th. Sandler O’Neill cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Zacks Investment Research reaffirmed a “hold” rating on shares of Vornado Realty Trust in a research report on Saturday, November 17th. Finally, Barclays reaffirmed a “hold” rating and set a $68.00 price objective on shares of Vornado Realty Trust in a research report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.89.
In other news, Director Michael D. Fascitelli sold 126,074 shares of the firm’s stock in a transaction that occurred on Monday, January 14th. The stock was sold at an average price of $64.23, for a total value of $8,097,733.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.04% of the stock is owned by company insiders.
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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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