Manning & Napier Group LLC decreased its position in Vornado Realty Trust (NYSE:VNO) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 104,665 shares of the real estate investment trust’s stock after selling 2,325 shares during the quarter. Manning & Napier Group LLC’s holdings in Vornado Realty Trust were worth $7,639,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of VNO. Point72 Hong Kong Ltd bought a new stake in shares of Vornado Realty Trust in the 2nd quarter worth about $122,000. Federated Investors Inc. PA grew its holdings in shares of Vornado Realty Trust by 5,125.0% in the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 2,050 shares during the last quarter. Linscomb & Williams Inc. bought a new stake in shares of Vornado Realty Trust in the 2nd quarter worth about $211,000. Quantum Capital Management bought a new stake in shares of Vornado Realty Trust in the 2nd quarter worth about $213,000. Finally, Fieldpoint Private Securities LLC grew its holdings in shares of Vornado Realty Trust by 95.5% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 3,225 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 1,575 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on VNO shares. ValuEngine lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Monday, October 1st. SunTrust Banks upped their target price on shares of Vornado Realty Trust to $81.00 and gave the stock an “average” rating in a report on Wednesday, June 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a report on Monday, July 30th. Finally, Deutsche Bank lowered their target price on shares of Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Vornado Realty Trust has an average rating of “Buy” and an average price target of $79.78.
Shares of NYSE VNO opened at $67.46 on Friday. The stock has a market cap of $13.89 billion, a P/E ratio of 18.28, a P/E/G ratio of 8.75 and a beta of 0.91. The company has a debt-to-equity ratio of 2.41, a quick ratio of 5.62 and a current ratio of 5.62. Vornado Realty Trust has a 12-month low of $64.13 and a 12-month high of $80.30.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The company had revenue of $541.80 million for the quarter, compared to analyst estimates of $539.78 million. Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. On average, sell-side analysts forecast that Vornado Realty Trust will post 3.88 earnings per share for the current fiscal year.
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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