Teachers Insurance & Annuity Association of America acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 225,182 shares of the real estate investment trust’s stock, valued at approximately $15,155,000. Vornado Realty Trust makes up about 1.2% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 20th biggest position. Teachers Insurance & Annuity Association of America owned 0.12% of Vornado Realty Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 5,978.3% during the fourth quarter. Assetmark Inc. now owns 1,398 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,375 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Vornado Realty Trust during the fourth quarter worth about $134,000. Huntington National Bank grew its holdings 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 worth $149,000 after purchasing an additional 1,191 shares in the last quarter. IBM Retirement Fund purchased a new position in shares of Vornado Realty Trust during the fourth quarter worth about $201,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Vornado Realty Trust during the fourth quarter worth about $202,000. 88.79% of the stock is owned by institutional investors.
Several analysts have issued reports on VNO shares. 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. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Sandler O’Neill set a $76.00 target price on Vornado Realty Trust and gave the stock a “buy” rating in a research note on Thursday, March 15th. JPMorgan Chase cut their target price on Vornado Realty Trust from $92.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. Finally, Barclays reaffirmed a “hold” rating and issued a $72.00 target price on shares of Vornado Realty Trust in a research note on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $85.00.
Shares of VNO opened at $68.99 on Tuesday. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 18.61 and a beta of 0.85. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1 year low of $68.49 and a 1 year high of $70.14.
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 for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $536.23 million during the quarter, compared to analyst estimates of $532.81 million. Vornado Realty Trust had a return on equity of 5.04% and a net margin of 7.01%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.43 earnings per share. sell-side analysts anticipate that Vornado Realty Trust will post 3.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, May 7th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, May 4th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 67.56%.
About Vornado Realty Trust
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.
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