M&T Bank Corp lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 21.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,821 shares of the real estate investment trust’s stock after selling 2,690 shares during the period. M&T Bank Corp’s holdings in Vornado Realty Trust were worth $767,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at $3,625,000. Crossmark Global Holdings Inc. increased its stake in shares of Vornado Realty Trust by 7.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,198 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 939 shares during the period. Huntington National Bank increased its stake in shares of Vornado Realty Trust by 167.3% during the fourth quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,191 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Vornado Realty Trust by 91,520.6% during the fourth quarter. Meeder Asset Management Inc. now owns 31,151 shares of the real estate investment trust’s stock valued at $2,437,000 after buying an additional 31,117 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Vornado Realty Trust by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 32,018 shares of the real estate investment trust’s stock valued at $2,503,000 after buying an additional 1,096 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.
Several equities analysts have recently commented on VNO shares. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Sandler O’Neill set a $75.00 target price on Vornado Realty Trust and gave the company a “buy” rating in a research note on Wednesday, February 14th. Barclays reiterated a “hold” rating and issued a $75.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Finally, Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.09.
Vornado Realty Trust (NYSE:VNO) opened at $67.29 on Wednesday. Vornado Realty Trust has a 52 week low of $65.29 and a 52 week high of $89.38. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $12,854.31, a PE ratio of 79.16, a price-to-earnings-growth ratio of 4.12 and a beta of 0.86.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The company had revenue of $536.23 million for the quarter, compared to analyst estimates of $532.81 million. During the same quarter in the previous year, the firm earned $3.43 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. equities research analysts expect that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 29th were paid a dividend of $0.63 per share. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, January 26th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.74%. Vornado Realty Trust’s payout ratio is presently 296.47%.
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Vornado Realty Trust Company 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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