Arizona State Retirement System trimmed its position in shares of Vornado Realty Trust (NYSE:VNO) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,293 shares of the real estate investment trust’s stock after selling 2,286 shares during the quarter. Arizona State Retirement System’s holdings in Vornado Realty Trust were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of 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 valued at $61,000 after buying an additional 247 shares during the period. Next Capital Management LLC bought a new position in shares of Vornado Realty Trust during the 4th quarter valued at $64,000. First Hawaiian Bank lifted its holdings in shares of Vornado Realty Trust by 476.2% during the 1st quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 1,100 shares during the period. NuWave Investment Management LLC lifted its holdings in shares of Vornado Realty Trust by 1,642.4% during the 1st quarter. NuWave Investment Management LLC now owns 2,631 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 2,480 shares during the period. Finally, Enlightenment Research LLC bought a new position in shares of Vornado Realty Trust during the 4th quarter valued at $180,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:VNO opened at $66.70 on Friday. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $12.64 billion, a PE ratio of 17.74, a P/E/G ratio of 3.32 and a beta of 1.10. Vornado Realty Trust has a one year low of $59.48 and a one year high of $77.59.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.78). The company had revenue of $534.67 million during the quarter, compared to analysts’ expectations of $583.32 million. Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Sell-side analysts expect that Vornado Realty Trust will post 3.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.96%. Vornado Realty Trust’s dividend payout ratio (DPR) is 70.21%.
Several equities analysts have recently weighed in on VNO shares. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Morgan Stanley set a $72.00 price target on Vornado Realty Trust and gave the company a “buy” rating in a report on Monday, April 22nd. BMO Capital Markets reissued a “sell” rating and set a $82.00 price target on shares of Vornado Realty Trust in a report on Wednesday, April 24th. Finally, Deutsche Bank lowered their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.33.
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Vornado Realty Trust Company 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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