Riverhead Capital Management LLC increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 38.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,134 shares of the real estate investment trust’s stock after purchasing an additional 3,100 shares during the quarter. Riverhead Capital Management LLC’s holdings in Vornado Realty Trust were worth $714,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in VNO. Bank of New York Mellon Corp increased its stake in Vornado Realty Trust by 10.4% in the 2nd 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 buying an additional 149,413 shares during the last quarter. Capital Fund Management S.A. raised 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 acquiring an additional 29,200 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake 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 valued at $487,000 after purchasing an additional 300 shares during the last quarter. LPL Financial LLC lifted its position in shares of Vornado Realty Trust by 48.6% during the 2nd quarter. LPL Financial LLC now owns 5,088 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 1,665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Vornado Realty Trust by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,149,006 shares of the real estate investment trust’s stock valued at $137,752,000 after purchasing an additional 65,999 shares during the last quarter. Institutional investors and hedge funds own 77.70% of the company’s stock.
Vornado Realty Trust stock traded up $0.18 during trading hours on Wednesday, reaching $63.84. The company had a trading volume of 48,565 shares, compared to its average volume of 1,210,084. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.87 and a quick ratio of 4.87. The company has a 50-day moving average price of $61.66 and a 200 day moving average price of $65.68. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 4.75 and a beta of 0.99. Vornado Realty Trust has a 12-month low of $58.60 and a 12-month high of $76.20.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Vornado Realty Trust had a net margin of 139.71% and a return on equity of 8.53%. The company had revenue of $463.10 million for the quarter, compared to analysts’ expectations of $517.72 million. During the same period last year, the company posted $0.36 EPS. The business’s revenue for the quarter was down 14.5% compared to the same quarter last year. As a group, research analysts expect that Vornado Realty Trust will post 3.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.66 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.14%. Vornado Realty Trust’s dividend payout ratio is presently 70.21%.
A number of research firms have recently commented on VNO. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Argus lowered Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Scotiabank raised shares of Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a report on Tuesday, July 9th. SunTrust Banks set a $72.00 target price on shares of Vornado Realty Trust and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $79.00 price target on shares of Vornado Realty Trust in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $74.88.
Vornado Realty Trust 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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