Northwestern Mutual Investment Management Company LLC increased its stake in Vornado Realty Trust (NYSE:VNO) by 1.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 26,347 shares of the real estate investment trust’s stock after buying an additional 253 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Vornado Realty Trust were worth $1,777,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of VNO. Rational Advisors LLC increased its position in shares of Vornado Realty Trust by 375.5% during the first quarter. Rational Advisors LLC now owns 718 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 567 shares during the period. Bessemer Group Inc. increased its position in shares of Vornado Realty Trust by 33.3% in the fourth quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 247 shares during the last quarter. Next Capital Management LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter worth approximately $64,000. Pearl River Capital LLC bought a new position in shares of Vornado Realty Trust in the first quarter worth approximately $64,000. Finally, Whitener Capital Management Inc. increased its position in shares of Vornado Realty Trust by 46.1% in the first quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 300 shares during the last quarter. 77.29% of the stock is currently owned by institutional investors.
VNO traded down $1.44 during trading on Wednesday, reaching $63.12. The stock had a trading volume of 2,196,000 shares, compared to its average volume of 982,657. The firm’s 50 day simple moving average is $66.78. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $12.52 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. Vornado Realty Trust has a one year low of $59.48 and a one year high of $77.59.
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 consensus estimate of $0.91 by ($0.78). The company had revenue of $534.67 million for the quarter, compared to the consensus estimate of $583.32 million. Vornado Realty Trust had a net margin of 28.76% and a return on equity of 10.19%. Vornado Realty Trust’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. Research analysts predict that Vornado Realty Trust will post 3.64 EPS for the current year.
Several research firms recently weighed in on VNO. Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Deutsche Bank cut their target price on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. BMO Capital Markets reaffirmed a “sell” rating and issued a $82.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, April 24th. Morgan Stanley set a $72.00 target price on Vornado Realty Trust and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, SunTrust Banks dropped their price objective on Vornado Realty Trust to $74.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $76.11.
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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