New Mexico Educational Retirement Board cut its position in Vornado Realty Trust (NYSE:VNO) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,251 shares of the real estate investment trust’s stock after selling 1,400 shares during the period. New Mexico Educational Retirement Board’s holdings in Vornado Realty Trust were worth $3,352,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. increased its position in Vornado Realty Trust by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 149,219 shares of the real estate investment trust’s stock worth $14,968,000 after buying an additional 4,686 shares during the period. Gulf International Bank UK Ltd increased its position in Vornado Realty Trust by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 52,061 shares of the real estate investment trust’s stock worth $5,222,000 after buying an additional 700 shares during the period. National Pension Service increased its position in Vornado Realty Trust by 5.7% in the first quarter. National Pension Service now owns 153,791 shares of the real estate investment trust’s stock worth $15,436,000 after buying an additional 8,312 shares during the period. Bank of Montreal Can increased its position in Vornado Realty Trust by 3.7% in the first quarter. Bank of Montreal Can now owns 76,938 shares of the real estate investment trust’s stock worth $7,718,000 after buying an additional 2,779 shares during the period. Finally, Parametrica Management Ltd purchased a new position in Vornado Realty Trust during the first quarter worth about $223,000. Institutional investors and hedge funds own 87.19% of the company’s stock.
Vornado Realty Trust (NYSE VNO) traded down 1.85% during midday trading on Friday, hitting $73.91. The stock had a trading volume of 1,098,317 shares. Vornado Realty Trust has a 52-week low of $69.81 and a 52-week high of $90.32. The stock has a market cap of $14.00 billion, a PE ratio of 15.96 and a beta of 0.97. The company’s 50 day moving average price is $77.51 and its 200-day moving average price is $79.91.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.09. The firm had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Analysts forecast that Vornado Realty Trust will post $1.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.
VNO has been the subject of a number of research reports. Evercore ISI reiterated an “in-line” rating and issued a $107.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. Deutsche Bank AG decreased their price objective on Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a report on Thursday, May 25th. BidaskClub upgraded Vornado Realty Trust from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. Finally, Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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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