BNP Paribas Arbitrage SA raised its holdings in Vornado Realty Trust (NYSE:VNO) by 71.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,611 shares of the real estate investment trust’s stock after buying an additional 57,311 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Vornado Realty Trust worth $9,280,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc boosted its holdings in Vornado Realty Trust by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 27,339,046 shares of the real estate investment trust’s stock valued at $1,995,751,000 after purchasing an additional 69,443 shares in the last quarter. Norges Bank purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $1,121,649,000. BlackRock Inc. boosted its stake in shares of Vornado Realty Trust by 0.3% during the 4th quarter. BlackRock Inc. now owns 16,934,287 shares of the real estate investment trust’s stock worth $1,050,433,000 after acquiring an additional 55,484 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Vornado Realty Trust by 35.3% during the 4th quarter. Cohen & Steers Inc. now owns 5,999,707 shares of the real estate investment trust’s stock worth $372,162,000 after acquiring an additional 1,566,186 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Vornado Realty Trust by 1,334.9% during the 4th quarter. FMR LLC now owns 3,029,051 shares of the real estate investment trust’s stock worth $187,893,000 after acquiring an additional 2,817,952 shares in the last quarter. Institutional investors own 86.02% of the company’s stock.
Shares of Vornado Realty Trust stock traded up $0.65 during trading on Wednesday, hitting $67.17. 773,537 shares of the company were exchanged, compared to its average volume of 1,004,338. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.93 and a quick ratio of 3.93. Vornado Realty Trust has a fifty-two week low of $59.48 and a fifty-two week high of $77.59. The company has a market capitalization of $12.69 billion, a P/E ratio of 17.86, a P/E/G ratio of 3.50 and a beta of 1.10.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.78). The business had revenue of $534.67 million during the quarter, compared to analyst estimates of $583.32 million. Vornado Realty Trust had a net margin of 28.76% and a return on equity of 10.19%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, research analysts expect that Vornado Realty Trust will post 3.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were issued a $0.66 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.64 annualized dividend and a yield of 3.93%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 70.21%.
Several brokerages have recently commented on VNO. Deutsche Bank decreased their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. SunTrust Banks decreased their price target on Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. BMO Capital Markets reissued a “sell” rating and set a $82.00 price target on shares of Vornado Realty Trust in a research note on Wednesday, April 24th. Finally, Morgan Stanley set a $72.00 price target on Vornado Realty Trust and gave the stock a “buy” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.11.
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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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