Vornado Realty Trust (VNO) Shares Sold by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. lowered its holdings in Vornado Realty Trust (NYSE:VNO) by 51.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,200 shares of the real estate investment trust’s stock after selling 6,700 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Vornado Realty Trust were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new stake in Vornado Realty Trust in the 2nd quarter worth approximately $325,000. Toronto Dominion Bank lifted its holdings in Vornado Realty Trust by 25.5% in the 1st quarter. Toronto Dominion Bank now owns 93,056 shares of the real estate investment trust’s stock worth $6,261,000 after buying an additional 18,899 shares during the period. BP PLC purchased a new stake in Vornado Realty Trust in the 2nd quarter worth approximately $1,627,000. DnB Asset Management AS purchased a new stake in Vornado Realty Trust in the 2nd quarter worth approximately $1,458,000. Finally, Virginia Retirement Systems ET AL lifted its holdings in Vornado Realty Trust by 14.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 59,936 shares of the real estate investment trust’s stock worth $4,430,000 after buying an additional 7,600 shares during the period. Institutional investors and hedge funds own 79.06% of the company’s stock.

VNO has been the subject of several research analyst reports. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a report on Thursday, August 16th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a research report on Monday, July 30th. Argus increased their target price on Vornado Realty Trust from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Finally, Deutsche Bank decreased their target price on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, June 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Vornado Realty Trust has a consensus rating of “Buy” and an average price target of $80.44.

Shares of NYSE:VNO opened at $75.02 on Monday. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $80.30. The company has a market capitalization of $14.40 billion, a PE ratio of 20.11, a PEG ratio of 9.08 and a beta of 0.91. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The firm had revenue of $541.80 million during the quarter, compared to the consensus estimate of $539.78 million. During the same period in the prior year, the company posted $1.25 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. equities research analysts forecast that Vornado Realty Trust will post 3.88 EPS for the current year.

Vornado Realty Trust Company Profile

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. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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

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