Great West Life Assurance Co. Can Grows Position in Vornado Realty Trust (VNO)
Great West Life Assurance Co. Can increased its holdings in Vornado Realty Trust (NYSE:VNO) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,243 shares of the real estate investment trust’s stock after purchasing an additional 5,097 shares during the period. Great West Life Assurance Co. Can owned approximately 0.11% of Vornado Realty Trust worth $16,390,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BT Investment Management Ltd acquired a new position in Vornado Realty Trust in the second quarter worth about $2,647,000. State of Wisconsin Investment Board raised its position 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 purchasing an additional 5,492 shares in the last quarter. Andra AP fonden raised its position 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 purchasing an additional 16,400 shares in the last quarter. Summit Global Investments acquired a new position in Vornado Realty Trust in the second quarter worth about $1,125,000. Finally, Swiss National Bank raised its position 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 purchasing an additional 19,100 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on VNO shares. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Thursday, August 24th. Barclays reissued a “hold” rating and issued a $80.00 price target on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Stifel Nicolaus lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $86.00 to $77.00 in a research report on Wednesday, August 30th. Finally, BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Vornado Realty Trust presently has an average rating of “Buy” and a consensus price target of $91.73.
Vornado Realty Trust (VNO) traded up $0.30 during midday trading on Friday, hitting $77.92. 1,027,661 shares of the stock traded hands, compared to its average volume of 866,219. The firm has a market capitalization of $14,795.29, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 4.66 and a beta of 0.99. 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.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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. The company had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. research analysts expect that Vornado Realty Trust will post 3.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Friday, November 3rd. Vornado Realty Trust’s payout ratio is 57.97%.
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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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