Vornado Realty Trust (VNO) Stake Lowered by American International Group Inc.

American International Group Inc. reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,813 shares of the real estate investment trust’s stock after selling 8,072 shares during the quarter. American International Group Inc.’s holdings in Vornado Realty Trust were worth $5,213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its holdings in Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 419 shares during the last quarter. Sun Life Financial INC raised its holdings in Vornado Realty Trust by 13,866.7% during the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,248 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in Vornado Realty Trust by 56.5% during the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 785 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Vornado Realty Trust by 48.3% during the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 719 shares during the last quarter. Finally, Global X Management Co. LLC raised its holdings in Vornado Realty Trust by 14.5% during the second quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 295 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust (VNO) traded down $0.60 during trading on Tuesday, reaching $77.32. The company’s stock had a trading volume of 2,249,400 shares, compared to its average volume of 1,133,808. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $14,795.29, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.66 and a beta of 0.99. Vornado Realty Trust has a one year low of $71.89 and a one year high of $89.38.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.90. The company had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. Vornado Realty Trust’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. research analysts anticipate that Vornado Realty Trust will post 3.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, November 3rd. Vornado Realty Trust’s payout ratio is 57.97%.

Several equities analysts recently issued reports on VNO shares. Stifel Nicolaus cut Vornado Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $86.00 to $77.00 in a report on Wednesday, August 30th. Zacks Investment Research raised Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $81.00 to $84.00 in a research report on Tuesday, October 10th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Barclays reissued a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a research report on Thursday, October 19th. 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 has a consensus rating of “Buy” and a consensus target price of $91.73.

ILLEGAL ACTIVITY WARNING: “Vornado Realty Trust (VNO) Stake Lowered by American International Group Inc.” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/05/vornado-realty-trust-vno-stake-lowered-by-american-international-group-inc.html.

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.

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

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