TCW Group Inc. Raises Position in Vornado Realty Trust (VNO)

TCW Group Inc. boosted its stake in Vornado Realty Trust (NYSE:VNO) by 37.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,291 shares of the real estate investment trust’s stock after buying an additional 60,421 shares during the period. TCW Group Inc.’s holdings in Vornado Realty Trust were worth $23,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VNO. Morgan Stanley raised its position in shares of 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 valued at $902,263,000 after buying an additional 55,207 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Vornado Realty Trust by 2.8% in the third quarter. BlackRock Fund Advisors now owns 5,448,121 shares of the real estate investment trust’s stock valued at $551,404,000 after buying an additional 145,952 shares during the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of Vornado Realty Trust by 9.4% in the third quarter. Lasalle Investment Management Securities LLC now owns 4,679,112 shares of the real estate investment trust’s stock valued at $473,573,000 after buying an additional 403,682 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Vornado Realty Trust by 23.7% in the third quarter. JPMorgan Chase & Co. now owns 4,508,628 shares of the real estate investment trust’s stock valued at $456,317,000 after buying an additional 865,285 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. raised its position in shares of Vornado Realty Trust by 4.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 4,117,548 shares of the real estate investment trust’s stock valued at $416,737,000 after buying an additional 188,032 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Shares of Vornado Realty Trust (NYSE:VNO) traded up 1.77% during mid-day trading on Tuesday, hitting $108.33. The company had a trading volume of 758,194 shares. The firm has a market capitalization of $20.47 billion, a PE ratio of 51.07 and a beta of 0.88. The firm has a 50-day moving average price of $105.52 and a 200-day moving average price of $100.93. Vornado Realty Trust has a 52 week low of $80.84 and a 52 week high of $108.69.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 13th. The real estate investment trust reported $1.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.18. The firm earned $638.26 million during the quarter, compared to analyst estimates of $637.56 million. Vornado Realty Trust had a net margin of 19.48% and a return on equity of 4.98%. Vornado Realty Trust’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $1.27 earnings per share. Equities analysts forecast 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. Stockholders of record on Monday, January 30th will be paid a dividend of $0.71 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.63. This represents a $2.84 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, January 26th. Vornado Realty Trust’s payout ratio is presently 133.96%.

This article was posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this article on another publication, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this article can be viewed at http://sleekmoney.com/tcw-group-inc-raises-position-in-vornado-realty-trust-vno/1660618.html.

VNO has been the topic of several recent research reports. J P Morgan Chase & Co increased their price target on Vornado Realty Trust from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. Bank of America Corporation upgraded Vornado Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $108.00 to $114.00 in a report on Friday, November 11th. Zacks Investment Research lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Barclays PLC lowered their price objective on Vornado Realty Trust from $103.00 to $101.00 and set a “hold” rating for the company in a research note on Monday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $107.61.

In other news, EVP Joseph Macnow sold 40,000 shares of Vornado Realty Trust stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $102.98, for a total transaction of $4,119,200.00. Following the completion of the sale, the executive vice president now directly owns 30,000 shares in the company, valued at $3,089,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mitchell N. Schear sold 15,000 shares of Vornado Realty Trust stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $102.64, for a total transaction of $1,539,600.00. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

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.

5 Day Chart for NYSE:VNO

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/tcw-group-inc-raises-position-in-vornado-realty-trust-vno/1660618.html

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *