IBM Retirement Fund acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,573 shares of the real estate investment trust’s stock, valued at approximately $201,000.
A number of other large investors have also recently made changes to their positions in the business. Fieldpoint Private Securities LLC bought a new stake in Vornado Realty Trust during the 3rd quarter valued at approximately $100,000. West Oak Capital LLC bought a new stake in Vornado Realty Trust in the 4th quarter worth approximately $138,000. Huntington National Bank increased its stake in Vornado Realty Trust by 167.3% in the 4th quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,191 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Vornado Realty Trust by 56.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 718 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its stake in Vornado Realty Trust by 56.5% in 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. 83.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vornado Realty Trust (VNO) traded up $0.55 on Tuesday, hitting $68.21. The stock had a trading volume of 396,776 shares, compared to its average volume of 1,294,552. The stock has a market capitalization of $12,854.31, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 4.12 and a beta of 0.86. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1 year low of $65.29 and a 1 year high of $89.38.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. Vornado Realty Trust’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.43 earnings per share. equities research analysts expect that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 29th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, January 26th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s dividend payout ratio (DPR) is 296.47%.
A number of research firms recently issued reports on VNO. Sandler O’Neill set a $75.00 price objective on Vornado Realty Trust and gave the company a “buy” rating in a report on Wednesday, February 14th. TheStreet cut Vornado Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, February 13th. Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Barclays reiterated a “hold” rating and issued a $75.00 target price on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Friday, December 15th. One research 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 a consensus rating of “Hold” and a consensus target price of $88.09.
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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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