Nissay Asset Management Corp Japan ADV increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,950 shares of the real estate investment trust’s stock after purchasing an additional 1,159 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Vornado Realty Trust were worth $1,894,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. TCW Group Inc. bought a new position in Vornado Realty Trust during the third quarter worth $6,862,000. NN Investment Partners Holdings N.V. lifted its stake in Vornado Realty Trust by 31.9% during the third quarter. NN Investment Partners Holdings N.V. now owns 34,481 shares of the real estate investment trust’s stock worth $2,517,000 after purchasing an additional 8,349 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Vornado Realty Trust by 28.2% during the third quarter. Russell Investments Group Ltd. now owns 1,290,936 shares of the real estate investment trust’s stock worth $93,689,000 after purchasing an additional 283,805 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Vornado Realty Trust by 53.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 27,093 shares of the real estate investment trust’s stock worth $1,979,000 after purchasing an additional 9,406 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Vornado Realty Trust by 36.6% during the third quarter. First Trust Advisors LP now owns 37,662 shares of the real estate investment trust’s stock worth $2,749,000 after purchasing an additional 10,092 shares during the last quarter. 79.02% of the stock is owned by institutional investors.
Several brokerages recently issued reports on VNO. Zacks Investment Research cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Citigroup cut their target price on Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a research note on Monday, October 29th. Finally, Scotiabank assumed coverage on Vornado Realty Trust in a research note on Tuesday, October 16th. They issued an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $79.80.
VNO stock opened at $66.82 on Monday. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 4.63 and a beta of 0.90. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $79.56.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $542.05 million during the quarter, compared to the consensus estimate of $544.62 million. Vornado Realty Trust had a net margin of 16.89% and a return on equity of 8.55%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, analysts predict that Vornado Realty Trust will post 3.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, November 2nd. Vornado Realty Trust’s dividend payout ratio (DPR) is 67.56%.
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.
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