Mitsubishi UFJ Trust & Banking Corp grew its holdings in Vornado Realty Trust (NYSE:VNO) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 344,020 shares of the real estate investment trust’s stock after purchasing an additional 3,893 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.18% of Vornado Realty Trust worth $26,448,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in Vornado Realty Trust by 62.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 419 shares during the last quarter. Sun Life Financial INC boosted its stake in Vornado Realty Trust by 13,866.7% during the 2nd quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,248 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Vornado Realty Trust by 56.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 785 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Vornado Realty Trust by 48.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 719 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in Vornado Realty Trust by 14.5% during the 2nd quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 295 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.
Vornado Realty Trust (VNO) traded down $0.49 during midday trading on Thursday, hitting $76.42. 2,176,700 shares of the stock were exchanged, compared to its average volume of 1,137,700. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $89.38. The firm has a market capitalization of $14,380.00, a P/E ratio of 18.85, a PEG ratio of 4.60 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The company had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. sell-side analysts predict that Vornado Realty Trust will post 3.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.14%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 57.14%.
Several research analysts recently weighed in on VNO shares. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, October 17th. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 price target on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $78.00 price target (down previously from $81.00) on shares of Vornado Realty Trust in a research note on Friday, September 1st. Finally, Stifel Nicolaus lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $86.00 to $77.00 in a research note on Wednesday, August 30th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Vornado Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $91.73.
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Vornado Realty Trust Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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