Amica Retiree Medical Trust Purchases Shares of 5,437 Vornado Realty Trust (VNO)
Amica Retiree Medical Trust purchased a new stake in Vornado Realty Trust (NYSE:VNO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,437 shares of the real estate investment trust’s stock, valued at approximately $418,000.
Other institutional investors have also made changes to their positions in the company. BT Investment Management Ltd acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at $2,647,000. State of Wisconsin Investment Board lifted its stake in Vornado Realty Trust by 3.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 175,374 shares of the real estate investment trust’s stock worth $16,468,000 after acquiring an additional 5,492 shares in the last quarter. Andra AP fonden lifted its stake in Vornado Realty Trust by 52.2% during the 2nd quarter. Andra AP fonden now owns 47,800 shares of the real estate investment trust’s stock worth $4,488,000 after acquiring an additional 16,400 shares in the last quarter. Swiss National Bank lifted its stake in Vornado Realty Trust by 3.2% during the 2nd quarter. Swiss National Bank now owns 621,943 shares of the real estate investment trust’s stock worth $58,400,000 after acquiring an additional 19,100 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in Vornado Realty Trust by 2.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 554,808 shares of the real estate investment trust’s stock worth $42,100,000 after acquiring an additional 14,131 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vornado Realty Trust (VNO) traded up $0.11 during midday trading on Friday, reaching $76.75. The company’s stock had a trading volume of 476,900 shares, compared to its average volume of 1,136,406. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $89.38. The stock has a market cap of $14,573.13, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 4.59 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The company had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same quarter in the prior year, the business earned $0.35 EPS. Vornado Realty Trust’s revenue was up 5.2% on a year-over-year basis. analysts anticipate that Vornado Realty Trust will post 3.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.40 annualized dividend and a yield of 3.13%. Vornado Realty Trust’s dividend payout ratio (DPR) is 57.97%.
Several research firms recently issued reports on VNO. Evercore ISI reissued an “outperform” rating and set a $87.00 target price (up previously from $86.00) on shares of Vornado Realty Trust in a research note on Wednesday, August 2nd. BidaskClub lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Tuesday, October 17th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $81.00 to $84.00 in a research note on Tuesday, October 10th. Finally, Barclays PLC reissued a “hold” rating and set a $80.00 target price on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Vornado Realty Trust has an average rating of “Buy” and an average price target of $93.67.
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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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