3,597 Shares in Vornado Realty Trust (VNO) Acquired by Bridgewater Associates LP
Bridgewater Associates LP acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,597 shares of the real estate investment trust’s stock, valued at approximately $263,000.
A number of other large investors have also recently modified their holdings of the stock. CIBC Asset Management Inc grew its stake in Vornado Realty Trust by 4.9% during the second quarter. CIBC Asset Management Inc now owns 16,949 shares of the real estate investment trust’s stock valued at $1,253,000 after acquiring an additional 785 shares in the last quarter. Dupont Capital Management Corp grew its stake in Vornado Realty Trust by 3.5% in the 3rd quarter. Dupont Capital Management Corp now owns 23,668 shares of the real estate investment trust’s stock worth $1,728,000 after buying an additional 808 shares in the last quarter. KCS Wealth Advisory grew its stake in Vornado Realty Trust by 6.7% in the 2nd quarter. KCS Wealth Advisory now owns 12,952 shares of the real estate investment trust’s stock worth $957,000 after buying an additional 813 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Vornado Realty Trust by 28.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,165 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 927 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Vornado Realty Trust by 3.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 32,502 shares of the real estate investment trust’s stock worth $2,373,000 after buying an additional 972 shares in the last quarter. 79.19% of the stock is owned by institutional investors.
In other news, EVP Joseph Macnow sold 23,000 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $70.80, for a total value of $1,628,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.04% of the stock is currently owned by corporate insiders.
Shares of Vornado Realty Trust stock opened at $71.97 on Friday. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $79.56. The firm has a market capitalization of $13.47 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 4.64 and a beta of 0.92. The company has a debt-to-equity ratio of 2.36, a current ratio of 4.64 and a quick ratio of 4.64.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Vornado Realty Trust had a net margin of 16.89% and a return on equity of 8.55%. The business had revenue of $542.05 million during the quarter, compared to analysts’ expectations of $544.62 million. During the same period last year, the company posted $0.52 EPS. Vornado Realty Trust’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Vornado Realty Trust will post 3.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.50%. Vornado Realty Trust’s dividend payout ratio (DPR) is 67.56%.
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Vornado Realty Trust Profile
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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