DekaBank Deutsche Girozentrale Has $1.12 Million Holdings in Vornado Realty Trust (VNO)
DekaBank Deutsche Girozentrale reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,070 shares of the real estate investment trust’s stock after selling 1,369 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vornado Realty Trust were worth $1,118,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. BT Investment Management Ltd purchased a new position in shares of Vornado Realty Trust during the second quarter valued at approximately $2,647,000. State of Wisconsin Investment Board raised its stake in Vornado Realty Trust by 3.2% in the second quarter. State of Wisconsin Investment Board now owns 175,374 shares of the real estate investment trust’s stock worth $16,468,000 after buying an additional 5,492 shares in the last quarter. Andra AP fonden raised its stake in Vornado Realty Trust by 52.2% in the second quarter. Andra AP fonden now owns 47,800 shares of the real estate investment trust’s stock worth $4,488,000 after buying an additional 16,400 shares in the last quarter. Swiss National Bank raised its stake in Vornado Realty Trust by 3.2% in the second quarter. Swiss National Bank now owns 621,943 shares of the real estate investment trust’s stock worth $58,400,000 after buying an additional 19,100 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Vornado Realty Trust by 2.6% in the second quarter. Commonwealth Bank of Australia now owns 554,808 shares of the real estate investment trust’s stock worth $42,100,000 after buying an additional 14,131 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.
Vornado Realty Trust (VNO) traded down $0.60 during trading hours on Friday, reaching $76.15. 261,028 shares of the company’s stock traded hands, compared to its average volume of 961,156. Vornado Realty Trust has a one year low of $71.89 and a one year high of $89.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $14,573.13, a price-to-earnings 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 posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The business had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts predict that Vornado Realty Trust will post 3.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Friday, November 3rd. Vornado Realty Trust’s payout ratio is currently 57.97%.
A number of brokerages have recently issued reports on VNO. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Barclays PLC reaffirmed a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $81.00 to $84.00 in a research report on Tuesday, October 10th. Sandler O’Neill reaffirmed a “buy” rating and set a $90.00 price target on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $86.00 to $77.00 in a research report on Wednesday, August 30th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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