Timber Hill LLC Invests $1.06 Million in Vornado Realty Trust (VNO) Stock

Timber Hill LLC purchased a new position in Vornado Realty Trust (NYSE:VNO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,544 shares of the real estate investment trust’s stock, valued at approximately $1,059,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in Vornado Realty Trust by 7.9% in the third quarter. Pacer Advisors Inc. now owns 9,661 shares of the real estate investment trust’s stock worth $743,000 after purchasing an additional 706 shares during the last quarter. Calamos Advisors LLC grew its holdings in Vornado Realty Trust by 3.8% in the third quarter. Calamos Advisors LLC now owns 19,321 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 708 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Vornado Realty Trust by 56.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 718 shares during the last quarter. Comerica Bank grew its holdings in Vornado Realty Trust by 1.6% in the third quarter. Comerica Bank now owns 49,676 shares of the real estate investment trust’s stock worth $3,596,000 after purchasing an additional 763 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC grew its holdings in Vornado Realty Trust by 33.9% in the third quarter. Global X MANAGEMENT CO LLC now owns 3,128 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 792 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vornado Realty Trust (VNO) opened at $65.19 on Thursday. Vornado Realty Trust has a one year low of $65.16 and a one year high of $89.38. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market cap of $12,784.02, a price-to-earnings ratio of 76.69, a PEG ratio of 4.09 and a beta of 0.86.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same period in the previous year, the firm posted $3.43 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts predict that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 29th were paid a dividend of $0.63 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, January 26th. Vornado Realty Trust’s payout ratio is presently 296.47%.

VNO has been the topic of several analyst reports. Barclays reaffirmed a “hold” rating and issued a $75.00 price target on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Sandler O’Neill set a $75.00 price target on shares of Vornado Realty Trust and gave the stock a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target on the stock. in a report on Friday, December 15th. Finally, SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Vornado Realty Trust presently has an average rating of “Hold” and a consensus price target of $88.09.

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Vornado Realty Trust 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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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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