SG Americas Securities LLC lifted its stake in Vornado Realty Trust (NYSE:VNO) by 17.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,931 shares of the real estate investment trust’s stock after purchasing an additional 6,656 shares during the quarter. SG Americas Securities LLC’s holdings in Vornado Realty Trust were worth $3,454,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of VNO. Advisors Asset Management Inc. grew its stake in Vornado Realty Trust by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,178 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 969 shares during the period. Quantbot Technologies LP boosted its stake in Vornado Realty Trust by 424.0% during the 3rd quarter. Quantbot Technologies LP now owns 35,630 shares of the real estate investment trust’s stock worth $2,739,000 after purchasing an additional 28,830 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Vornado Realty Trust by 3.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,727 shares of the real estate investment trust’s stock worth $3,439,000 after purchasing an additional 1,450 shares during the last quarter. Comerica Bank boosted its stake in Vornado Realty Trust by 1.6% during the 3rd quarter. Comerica Bank now owns 49,676 shares of the real estate investment trust’s stock worth $3,596,000 after purchasing an additional 763 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Vornado Realty Trust by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 332,116 shares of the real estate investment trust’s stock worth $25,533,000 after purchasing an additional 1,817 shares during the last quarter. 86.23% of the stock is owned by institutional investors.
Shares of Vornado Realty Trust (NYSE:VNO) traded down $0.49 on Wednesday, reaching $76.42. The company had a trading volume of 2,176,732 shares, compared to its average volume of 1,137,700. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $14,681.36, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 4.63 and a beta of 0.99. Vornado Realty Trust has a 52-week low of $71.89 and a 52-week high of $89.38.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The company had revenue of $528.76 million during the quarter, compared to analysts’ expectations of $545.53 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts predict that Vornado Realty Trust will post 3.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 57.97%.
VNO has been the topic of several analyst reports. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Thursday, August 24th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Stifel Nicolaus lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $86.00 to $77.00 in a research note on Wednesday, August 30th. Morgan Stanley reiterated an “equal weight” rating and set a $78.00 price target (down from $81.00) on shares of Vornado Realty Trust in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $91.73.
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About Vornado Realty Trust
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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