Cornerstone Capital Management Holdings LLC. grew its holdings in Vornado Realty Trust (NYSE:VNO) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 159,609 shares of the real estate investment trust’s stock after buying an additional 762 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.08% of Vornado Realty Trust worth $12,478,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at approximately $100,000. Assetmark Inc. grew its position in shares of Vornado Realty Trust by 5,978.3% in the fourth quarter. Assetmark Inc. now owns 1,398 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,375 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $134,000. West Oak Capital LLC purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $138,000. Finally, Huntington National Bank lifted its stake in shares of Vornado Realty Trust by 167.3% during the fourth quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,191 shares during the period. Institutional investors and hedge funds own 88.82% of the company’s stock.
Several equities research analysts have recently issued reports on VNO shares. Barclays reissued a “hold” rating and issued a $75.00 price objective on shares of Vornado Realty Trust in a research report on Wednesday, January 31st. Sandler O’Neill set a $75.00 price target on shares of Vornado Realty Trust and gave the company a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, March 9th. JPMorgan Chase lowered 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 report on Friday, December 15th. Finally, SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $86.15.
Shares of VNO stock traded down $1.03 during midday trading on Friday, reaching $66.74. 587,702 shares of the company were exchanged, compared to its average volume of 1,110,359. Vornado Realty Trust has a 12 month low of $64.13 and a 12 month high of $82.68. The company has a market capitalization of $12,679.53, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 4.07 and a beta of 0.86. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 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 net margin of 9.10% and a return on equity of 5.44%. Vornado Realty Trust’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.43 EPS. equities research analysts predict that Vornado Realty Trust will post 3.87 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Cornerstone Capital Management Holdings LLC. Has $12.48 Million Holdings in Vornado Realty Trust (NYSE:VNO)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/08/vornado-realty-trust-vno-holdings-boosted-by-cornerstone-capital-management-holdings-llc.html.
Vornado Realty Trust Profile
Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.
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.