UBS Asset Management Americas Inc. Raises Position in Vornado Realty Trust (VNO)

UBS Asset Management Americas Inc. increased its holdings in Vornado Realty Trust (NYSE:VNO) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 865,335 shares of the real estate investment trust’s stock after acquiring an additional 6,578 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.46% of Vornado Realty Trust worth $81,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of VNO. BlackRock Inc. increased its stake in shares of Vornado Realty Trust by 2,605.3% in the 1st quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock worth $1,598,235,000 after acquiring an additional 15,344,015 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Vornado Realty Trust by 767.3% in the 2nd quarter. Franklin Resources Inc. now owns 2,126,678 shares of the real estate investment trust’s stock worth $199,694,000 after acquiring an additional 1,881,473 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vornado Realty Trust by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,869,084 shares of the real estate investment trust’s stock worth $551,106,000 after acquiring an additional 1,284,107 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Vornado Realty Trust by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock worth $429,864,000 after acquiring an additional 524,562 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Vornado Realty Trust by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 24,521,890 shares of the real estate investment trust’s stock worth $2,459,792,000 after acquiring an additional 457,208 shares in the last quarter. Institutional investors own 85.95% of the company’s stock.

TRADEMARK VIOLATION WARNING: “UBS Asset Management Americas Inc. Raises Position in Vornado Realty Trust (VNO)” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://stocknewstimes.com/2017/09/22/ubs-asset-management-americas-inc-raises-position-in-vornado-realty-trust-vno.html.

Shares of Vornado Realty Trust (VNO) opened at 75.63 on Friday. The stock has a market capitalization of $14.33 billion, a P/E ratio of 16.33 and a beta of 0.99. The company’s 50-day moving average is $75.53 and its 200 day moving average is $77.86. Vornado Realty Trust has a 12 month low of $69.81 and a 12 month high of $90.32.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.09. The business had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. Equities research analysts predict that Vornado Realty Trust will post $1.22 earnings per share for the current year.

Several brokerages recently issued reports on VNO. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Citigroup Inc. decreased their price target on shares of Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and issued a $113.00 price target (up from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price target (down from $111.00) on shares of Vornado Realty Trust in a research note on Tuesday, June 13th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $96.30.

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.

Institutional Ownership by Quarter 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.

Latest News

Leave a Reply