IFM Investors Pty Ltd Invests $370,000 in Vornado Realty Trust (VNO)

IFM Investors Pty Ltd bought a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,808 shares of the real estate investment trust’s stock, valued at approximately $370,000.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Vornado Realty Trust by 2.9% during the second quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock valued at $1,539,465,000 after acquiring an additional 461,768 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vornado Realty Trust by 23.0% during the third quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock valued at $558,195,000 after acquiring an additional 1,352,088 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Vornado Realty Trust by 1.3% during the second quarter. Northern Trust Corp now owns 2,763,777 shares of the real estate investment trust’s stock valued at $259,519,000 after acquiring an additional 35,361 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vornado Realty Trust by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,456,239 shares of the real estate investment trust’s stock valued at $188,837,000 after acquiring an additional 55,423 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Vornado Realty Trust by 767.3% during the second quarter. Franklin Resources Inc. now owns 2,126,678 shares of the real estate investment trust’s stock valued at $199,694,000 after acquiring an additional 1,881,473 shares in the last quarter. Institutional investors own 86.22% of the company’s stock.

Vornado Realty Trust (VNO) traded up $0.36 on Friday, reaching $77.84. The company’s stock had a trading volume of 2,111,131 shares, compared to its average volume of 1,003,887. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $14,781.98, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 4.68 and a beta of 0.99. Vornado Realty Trust has a twelve month low of $71.89 and a twelve month high of $89.38.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.90. The business had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. sell-side analysts predict that Vornado Realty Trust will post 3.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders 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 dividend on an annualized basis and a yield of 3.08%. Vornado Realty Trust’s dividend payout ratio (DPR) is 57.97%.

VNO has been the subject of a number of recent analyst reports. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, August 24th. Barclays restated a “hold” rating and set a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Friday. Finally, Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $86.00 to $77.00 in a report on Wednesday, August 30th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $91.75.

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

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