Retirement Systems of Alabama lessened its holdings in Vornado Realty Trust (NYSE:VNO) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,554 shares of the real estate investment trust’s stock after selling 127,693 shares during the period. Retirement Systems of Alabama owned about 0.14% of Vornado Realty Trust worth $20,448,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in VNO. Fieldpoint Private Securities LLC bought a new position in Vornado Realty Trust during the third quarter valued at about $100,000. West Oak Capital LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at about $138,000. Huntington National Bank raised its holdings in Vornado Realty Trust by 167.3% during the fourth quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,191 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Vornado Realty Trust by 56.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 718 shares in the last quarter. Finally, IBM Retirement Fund bought a new position in Vornado Realty Trust during the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 85.51% of the company’s stock.
VNO has been the topic of several recent research reports. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Friday, December 15th. Zacks Investment Research lowered Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Barclays restated a “hold” rating and set a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $88.09.
Shares of Vornado Realty Trust (NYSE VNO) opened at $67.15 on Friday. Vornado Realty Trust has a 1 year low of $65.29 and a 1 year high of $89.38. The firm has a market capitalization of $12,554.14, a PE ratio of 79.00, a P/E/G ratio of 4.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.31.
Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The business had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. During the same period last year, the business earned $3.43 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts anticipate that Vornado Realty Trust will post 3.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 29th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, January 26th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a yield of 3.75%. Vornado Realty Trust’s dividend payout ratio (DPR) is 296.47%.
Vornado Realty Trust Company 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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