Wealthfront Inc. Has $828,000 Position in Vornado Realty Trust (VNO)

Wealthfront Inc. lowered its stake in Vornado Realty Trust (NYSE:VNO) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,586 shares of the real estate investment trust’s stock after selling 3,640 shares during the quarter. Wealthfront Inc.’s holdings in Vornado Realty Trust were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fieldpoint Private Securities LLC purchased a new position in Vornado Realty Trust in the 3rd quarter worth about $100,000. Tower Research Capital LLC TRC purchased a new position in Vornado Realty Trust during the 4th quarter valued at about $134,000. West Oak Capital LLC purchased a new position in Vornado Realty Trust during the 4th quarter valued at about $138,000. Huntington National Bank grew its stake in Vornado Realty Trust by 167.3% during the 4th quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Vornado Realty Trust by 56.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 718 shares in the last quarter. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

VNO has been the topic of several research analyst reports. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. SunTrust Banks raised 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. Sandler O’Neill set a $75.00 target price on Vornado Realty Trust and gave the company a “buy” rating in a research note on Wednesday, February 14th. Barclays reaffirmed a “hold” rating and set a $75.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Vornado Realty Trust presently has an average rating of “Hold” and a consensus price target of $88.09.

Shares of Vornado Realty Trust (VNO) opened at $65.19 on Thursday. The company has a market capitalization of $12,784.02, a P/E ratio of 76.69, a P/E/G ratio of 4.09 and a beta of 0.86. Vornado Realty Trust has a 12 month low of $65.16 and a 12 month high of $89.38. 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 (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The business had revenue of $536.23 million during the quarter, compared to analysts’ expectations of $532.81 million. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.43 EPS. research analysts expect that Vornado Realty Trust will post 3.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 29th were paid a $0.63 dividend. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, January 26th. This represents a $2.52 annualized dividend and a dividend yield of 3.87%. Vornado Realty Trust’s payout ratio is presently 296.47%.

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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.

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

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