Asset Management One Co. Ltd. increased its position in Vornado Realty Trust (NYSE:VNO) by 39.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 714,551 shares of the real estate investment trust’s stock after buying an additional 201,432 shares during the period. Asset Management One Co. Ltd.’s holdings in Vornado Realty Trust were worth $74,027,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Employees Retirement System of Texas boosted its position in Vornado Realty Trust by 11.0% in the second quarter. Employees Retirement System of Texas now owns 113,257 shares of the real estate investment trust’s stock worth $11,339,000 after buying an additional 11,210 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new position in Vornado Realty Trust during the second quarter worth about $54,478,000. Morgan Stanley boosted its position in Vornado Realty Trust by 0.6% in the third quarter. Morgan Stanley now owns 8,914,752 shares of the real estate investment trust’s stock worth $902,263,000 after buying an additional 55,207 shares in the last quarter. Prudential Financial Inc. boosted its position in Vornado Realty Trust by 309.5% in the third quarter. Prudential Financial Inc. now owns 1,016,116 shares of the real estate investment trust’s stock worth $102,842,000 after buying an additional 767,957 shares in the last quarter. Finally, PGGM Investments boosted its position in Vornado Realty Trust by 14.4% in the third quarter. PGGM Investments now owns 2,148,000 shares of the real estate investment trust’s stock worth $217,399,000 after buying an additional 270,000 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.
Vornado Realty Trust (NYSE:VNO) traded up 2.42% during midday trading on Tuesday, hitting $109.03. 1,369,550 shares of the stock were exchanged. The stock has a market cap of $20.61 billion, a PE ratio of 51.40 and a beta of 0.88. Vornado Realty Trust has a 1-year low of $80.84 and a 1-year high of $109.35. The company’s 50 day moving average is $105.52 and its 200-day moving average is $100.93.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by $0.18. Vornado Realty Trust had a net margin of 19.48% and a return on equity of 4.98%. The company had revenue of $638.26 million for the quarter, compared to the consensus estimate of $637.56 million. During the same period in the previous year, the business earned $1.27 EPS. Vornado Realty Trust’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that Vornado Realty Trust will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Monday, January 30th will be given a dividend of $0.71 per share. The ex-dividend date is Thursday, January 26th. This represents a $2.84 dividend on an annualized basis and a yield of 2.60%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.63. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 133.96%.
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A number of equities analysts recently issued reports on VNO shares. Barclays PLC lowered their price objective on shares of Vornado Realty Trust from $103.00 to $101.00 and set a “hold” rating for the company in a research report on Monday, January 23rd. Bank of America Corporation raised shares of Vornado Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $114.00 in a report on Friday, November 11th. J P Morgan Chase & Co boosted their target price on shares of Vornado Realty Trust from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. Finally, Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $107.61.
In related news, insider Mitchell N. Schear sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $102.64, for a total transaction of $1,539,600.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph Macnow sold 40,000 shares of the firm’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $102.98, for a total value of $4,119,200.00. Following the sale, the executive vice president now directly owns 30,000 shares in the company, valued at approximately $3,089,400. The disclosure for this sale can be found here. 9.72% of the stock is owned by company insiders.
About Vornado Realty Trust
Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.
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