Nomura Holdings Inc. raised its holdings in Vornado Realty Trust (NYSE:VNO) by 10,306.4% during the second quarter, HoldingsChannel reports. The firm owned 2,610,659 shares of the real estate investment trust’s stock after buying an additional 2,585,572 shares during the period. Vornado Realty Trust comprises about 0.8% of Nomura Holdings Inc.’s investment portfolio, making the stock its 15th biggest holding. Nomura Holdings Inc.’s holdings in Vornado Realty Trust were worth $167,686,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of VNO. Man Group plc boosted its holdings in shares of Vornado Realty Trust by 10.0% in the second quarter. Man Group plc now owns 6,386 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 580 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of Vornado Realty Trust in the second quarter valued at about $662,000. Balyasny Asset Management LLC boosted its holdings in shares of Vornado Realty Trust by 10.1% in the second quarter. Balyasny Asset Management LLC now owns 399,488 shares of the real estate investment trust’s stock valued at $25,607,000 after acquiring an additional 36,757 shares in the last quarter. First Foundation Advisors purchased a new stake in shares of Vornado Realty Trust in the second quarter valued at about $252,000. Finally, Invesco Ltd. boosted its holdings in shares of Vornado Realty Trust by 73.2% in the second quarter. Invesco Ltd. now owns 3,818,967 shares of the real estate investment trust’s stock valued at $244,796,000 after acquiring an additional 1,613,521 shares in the last quarter. Institutional investors own 77.74% of the company’s stock.
Several brokerages have recently weighed in on VNO. BMO Capital Markets reaffirmed a “buy” rating and issued a $79.00 target price on shares of Vornado Realty Trust in a report on Wednesday, July 31st. SunTrust Banks set a $72.00 target price on shares of Vornado Realty Trust and gave the company a “buy” rating in a report on Monday, August 26th. ValuEngine raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Barclays reaffirmed a “hold” rating and issued a $76.00 target price on shares of Vornado Realty Trust in a report on Thursday, July 18th. Finally, Citigroup lowered their target price on shares of Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.88.
VNO stock traded up $0.05 during trading on Friday, reaching $62.83. 965,068 shares of the company were exchanged, compared to its average volume of 1,135,724. The company has a market cap of $12.08 billion, a P/E ratio of 16.71, a PEG ratio of 4.79 and a beta of 0.99. Vornado Realty Trust has a 52-week low of $58.60 and a 52-week high of $75.25. The stock’s 50 day moving average price is $61.58 and its 200 day moving average price is $65.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.87 and a current ratio of 4.87.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $463.10 million for the quarter, compared to analysts’ expectations of $517.72 million. Vornado Realty Trust had a return on equity of 8.53% and a net margin of 139.71%. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities research analysts forecast that Vornado Realty Trust will post 3.46 EPS for the current year.
About Vornado Realty Trust
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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