Comerica Bank boosted its position in shares of Vornado Realty Trust (NYSE:VNO) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,676 shares of the real estate investment trust’s stock after buying an additional 763 shares during the period. Comerica Bank’s holdings in Vornado Realty Trust were worth $3,596,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 419 shares during the period. Sun Life Financial INC raised its position in Vornado Realty Trust by 13,866.7% during the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,248 shares during the period. Perigon Wealth Management LLC raised its position in Vornado Realty Trust by 56.5% during the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 785 shares during the period. Advisors Asset Management Inc. raised its position in Vornado Realty Trust by 48.3% during the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 719 shares during the period. Finally, Parametrica Management Ltd raised its position in Vornado Realty Trust by 2.4% during the second quarter. Parametrica Management Ltd now owns 2,281 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 53 shares during the period. 85.46% of the stock is owned by institutional investors.
Shares of Vornado Realty Trust (VNO) traded down $0.60 during midday trading on Monday, hitting $76.15. The stock had a trading volume of 261,000 shares, compared to its average volume of 1,132,549. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. Vornado Realty Trust has a 12-month low of $71.89 and a 12-month high of $89.38. The stock has a market capitalization of $14,460.00, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 4.56 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The firm had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts expect that Vornado Realty Trust will post 3.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.15%. Vornado Realty Trust’s payout ratio is 57.14%.
A number of equities research analysts have issued reports on VNO shares. Evercore ISI restated an “outperform” rating and set a $87.00 price objective (up from $86.00) on shares of Vornado Realty Trust in a research report on Wednesday, August 2nd. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Thursday, August 24th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $86.00 to $77.00 in a research report on Wednesday, August 30th. Finally, Morgan Stanley restated an “equal weight” rating and set a $78.00 price objective (down from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Buy” and an average target price of $93.67.
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Vornado Realty Trust Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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