Employees Retirement System of Texas Sells 98,257 Shares of Vornado Realty Trust (VNO)
Employees Retirement System of Texas reduced its position in Vornado Realty Trust (NYSE:VNO) by 51.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,700 shares of the real estate investment trust’s stock after selling 98,257 shares during the quarter. Employees Retirement System of Texas’ holdings in Vornado Realty Trust were worth $8,611,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VNO. Bessemer Group Inc. grew its holdings in shares of Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Vornado Realty Trust in the first quarter worth about $139,000. Advisors Asset Management Inc. lifted its stake in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 741 shares in the last quarter. Exane Asset Management purchased a new position in shares of Vornado Realty Trust in the second quarter worth about $187,000. Finally, Global X Management Co. LLC lifted its stake in shares of Vornado Realty Trust by 44.6% in the first quarter. Global X Management Co. LLC now owns 2,041 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 630 shares in the last quarter. 85.95% of the stock is owned by hedge funds and other institutional investors.
Vornado Realty Trust (VNO) traded up 0.21% during trading on Monday, reaching $77.04. The company had a trading volume of 61,764 shares. Vornado Realty Trust has a 12 month low of $72.77 and a 12 month high of $90.32. The firm’s 50 day moving average is $75.53 and its 200-day moving average is $77.86. The company has a market capitalization of $14.60 billion, a P/E ratio of 16.64 and a beta of 1.00.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.09. The company had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 EPS. On average, equities analysts expect that Vornado Realty Trust will post $1.22 earnings per share for the current year.
VNO has been the subject of a number of recent research reports. Barclays PLC cut their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 price target (down from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Evercore ISI raised Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 price objective on the stock in a research note on Monday, July 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $95.73.
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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