Public Employees Retirement Association of Colorado lifted its holdings in Vornado Realty Trust (NYSE:VNO) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,018 shares of the real estate investment trust’s stock after buying an additional 1,096 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Vornado Realty Trust were worth $2,503,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its holdings in shares of Vornado Realty Trust by 4.3% in the 4th quarter. Aperio Group LLC now owns 56,641 shares of the real estate investment trust’s stock worth $4,428,000 after buying an additional 2,336 shares during the last quarter. Quantitative Systematic Strategies LLC increased its holdings in shares of Vornado Realty Trust by 9.9% in the 4th quarter. Quantitative Systematic Strategies LLC now owns 13,901 shares of the real estate investment trust’s stock worth $1,087,000 after buying an additional 1,257 shares during the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of Vornado Realty Trust in the 4th quarter worth about $375,000. Mutual of America Capital Management LLC boosted its stake in shares of Vornado Realty Trust by 3.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 38,218 shares of the real estate investment trust’s stock worth $2,988,000 after purchasing an additional 1,314 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth about $648,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.
A number of equities analysts recently commented on VNO shares. Barclays reaffirmed a “hold” rating and set a $75.00 price target on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. cut shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research note on Friday, December 15th. SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $89.45.
Shares of Vornado Realty Trust (NYSE VNO) opened at $67.46 on Wednesday. The stock has a market cap of $12,852.84, a PE ratio of 16.29, a price-to-earnings-growth ratio of 4.08 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26. Vornado Realty Trust has a 52-week low of $65.49 and a 52-week high of $89.38.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $536.23 million during the quarter, compared to analysts’ expectations of $532.81 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.43 EPS. equities research analysts anticipate that Vornado Realty Trust will post 3.94 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 29th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.74%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, January 26th. Vornado Realty Trust’s payout ratio is 60.87%.
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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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