AMP Capital Investors Ltd raised its position in Vornado Realty Trust (NYSE:VNO) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,555 shares of the real estate investment trust’s stock after buying an additional 45,100 shares during the period. AMP Capital Investors Ltd owned 0.15% of Vornado Realty Trust worth $21,542,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Amica Pension Fund Board of Trustees acquired a new position in Vornado Realty Trust in the third quarter valued at about $2,739,000. Ffcm LLC acquired a new position in Vornado Realty Trust in the third quarter valued at about $1,044,000. Neuberger Berman Group LLC raised its stake in shares of Vornado Realty Trust by 13.2% in the third quarter. Neuberger Berman Group LLC now owns 537,094 shares of the real estate investment trust’s stock worth $41,292,000 after acquiring an additional 62,429 shares during the last quarter. Norinchukin Bank The raised its stake in shares of Vornado Realty Trust by 12.3% in the third quarter. Norinchukin Bank The now owns 13,422 shares of the real estate investment trust’s stock worth $1,032,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Vornado Realty Trust by 44.2% in the third quarter. Janus Henderson Group PLC now owns 49,728 shares of the real estate investment trust’s stock worth $3,823,000 after acquiring an additional 15,239 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.
Shares of Vornado Realty Trust (NYSE VNO) opened at $68.21 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $12,846.71, a P/E ratio of 80.25, a P/E/G ratio of 4.11 and a beta of 0.90. Vornado Realty Trust has a 12 month low of $65.16 and a 12 month high of $85.40.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. Vornado Realty Trust’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.43 earnings per share. analysts predict that Vornado Realty Trust will post 3.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, January 29th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.69%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, January 26th. Vornado Realty Trust’s payout ratio is 296.47%.
VNO has been the subject of a number of research analyst reports. 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. TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a research note on Friday, December 15th. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Barclays reaffirmed a “hold” rating and issued a $75.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.25.
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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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