Neuburgh Advisers LLC Grows Position in Vornado Realty Trust (NYSE:VNO)

Neuburgh Advisers LLC grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 39.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,128 shares of the real estate investment trust’s stock after purchasing an additional 2,848 shares during the quarter. Neuburgh Advisers LLC’s holdings in Vornado Realty Trust were worth $649,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Vornado Realty Trust by 191.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 743,099 shares of the real estate investment trust’s stock valued at $47,633,000 after acquiring an additional 488,500 shares during the period. Riverhead Capital Management LLC lifted its holdings in Vornado Realty Trust by 38.6% in the second quarter. Riverhead Capital Management LLC now owns 11,134 shares of the real estate investment trust’s stock valued at $714,000 after acquiring an additional 3,100 shares during the period. Bank of New York Mellon Corp lifted its holdings in Vornado Realty Trust by 10.4% in the second quarter. Bank of New York Mellon Corp now owns 1,591,010 shares of the real estate investment trust’s stock valued at $101,984,000 after acquiring an additional 149,413 shares during the period. Capital Fund Management S.A. boosted its position in Vornado Realty Trust by 196.0% in the second quarter. Capital Fund Management S.A. now owns 44,100 shares of the real estate investment trust’s stock worth $2,827,000 after purchasing an additional 29,200 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Vornado Realty Trust by 4.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 7,600 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.

VNO has been the subject of several research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $79.00 price target on shares of Vornado Realty Trust in a research report on Wednesday, July 31st. Barclays restated a “hold” rating and set a $76.00 target price on shares of Vornado Realty Trust in a research report on Thursday, July 18th. Scotiabank raised shares of Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a report on Tuesday, July 9th. Citigroup decreased their price target on shares of Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, Argus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $74.88.

Shares of NYSE:VNO traded up $0.39 during mid-day trading on Wednesday, reaching $64.05. 55,879 shares of the company traded hands, compared to its average volume of 1,210,084. The company’s 50 day moving average price is $61.66 and its 200-day moving average price is $65.68. The firm has a market cap of $11.99 billion, a PE ratio of 17.05, a PEG ratio of 4.75 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.87 and a quick ratio of 4.87. Vornado Realty Trust has a 52 week low of $58.60 and a 52 week high of $76.20.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Vornado Realty Trust had a return on equity of 8.53% and a net margin of 139.71%. The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $517.72 million. During the same quarter in the previous year, the business posted $0.36 EPS. Vornado Realty Trust’s revenue was down 14.5% on a year-over-year basis. On average, research analysts predict that Vornado Realty Trust will post 3.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $0.66 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.12%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 70.21%.

About Vornado Realty Trust

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

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