Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,377 shares of the real estate investment trust’s stock after selling 3,990 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Vornado Realty Trust were worth $4,730,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in VNO. BlackRock Inc. boosted its stake in Vornado Realty Trust by 2,605.3% in the first quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock worth $1,598,235,000 after buying an additional 15,344,015 shares during the last quarter. ProShare Advisors LLC boosted its stake in Vornado Realty Trust by 1,076.0% in the first quarter. ProShare Advisors LLC now owns 706,575 shares of the real estate investment trust’s stock worth $8,099,000 after buying an additional 646,493 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Vornado Realty Trust by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 4,693,340 shares of the real estate investment trust’s stock worth $470,789,000 after buying an additional 582,843 shares during the last quarter. Vanguard Group Inc. boosted its stake in Vornado Realty Trust by 1.9% in the first quarter. Vanguard Group Inc. now owns 24,521,890 shares of the real estate investment trust’s stock worth $2,459,792,000 after buying an additional 457,208 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Vornado Realty Trust by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 4,584,977 shares of the real estate investment trust’s stock worth $459,920,000 after buying an additional 367,657 shares during the last quarter. 87.10% of the stock is owned by hedge funds and other institutional investors.
Vornado Realty Trust (NYSE VNO) opened at 75.73 on Friday. Vornado Realty Trust has a 12-month low of $74.42 and a 12-month high of $90.32. The firm’s 50-day moving average price is $79.61 and its 200 day moving average price is $95.26. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 16.36 and a beta of 0.97.
Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 23.45% and a return on equity of 7.92%. The business had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. During the same period last year, the business posted $1.21 EPS. Vornado Realty Trust’s revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that Vornado Realty Trust will post $1.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.40 annualized dividend and a yield of 3.17%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 51.72%.
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A number of analysts recently issued reports on VNO shares. Bank of America Corporation reissued a “buy” rating and set a $113.00 price objective (up previously from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Evercore ISI reissued an “in-line” rating and set a $107.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. TheStreet cut Vornado Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Finally, Deutsche Bank AG reduced their price objective on Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.75.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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