Pioneer Investment Management Inc. lowered its stake in shares of Vornado Realty Trust (NYSE:VNO) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,100 shares of the real estate investment trust’s stock after selling 400 shares during the period. Pioneer Investment Management Inc.’s holdings in Vornado Realty Trust were worth $1,700,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its position in shares of Vornado Realty Trust by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,536 shares of the real estate investment trust’s stock valued at $425,000 after buying an additional 181 shares during the last quarter. Loeb Partners Corp increased its position in shares of Vornado Realty Trust by 2.9% in the first quarter. Loeb Partners Corp now owns 63,600 shares of the real estate investment trust’s stock valued at $6,379,000 after buying an additional 1,820 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Vornado Realty Trust by 21.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,960 shares of the real estate investment trust’s stock valued at $1,300,000 after buying an additional 2,250 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Vornado Realty Trust by 0.6% in the first quarter. Retirement Systems of Alabama now owns 306,809 shares of the real estate investment trust’s stock valued at $30,776,000 after buying an additional 1,693 shares during the last quarter. Finally, Motco increased its position in shares of Vornado Realty Trust by 5.0% in the first quarter. Motco now owns 3,423 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 164 shares during the last quarter. Institutional investors own 87.19% of the company’s stock.
Shares of Vornado Realty Trust (NYSE VNO) opened at 76.25 on Wednesday. The firm has a 50-day moving average of $78.58 and a 200 day moving average of $94.64. Vornado Realty Trust has a 52-week low of $75.45 and a 52-week high of $111.72. The stock has a market capitalization of $14.45 billion, a PE ratio of 16.47 and a beta of 0.97.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. During the same period last year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that Vornado Realty Trust will post $1.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is presently 51.72%.
Several equities analysts recently commented on the stock. Barclays PLC cut their price target on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 price target (down from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Evercore ISI reiterated an “in-line” rating and set a $107.00 price target (down from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.75.
About Vornado Realty Trust
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.
Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO).
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
