Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in Vornado Realty Trust (VNO)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Vornado Realty Trust (NYSE:VNO) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,436 shares of the real estate investment trust’s stock after purchasing an additional 1,205 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Vornado Realty Trust were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in Vornado Realty Trust during the second quarter valued at $325,000. Toronto Dominion Bank boosted its holdings in shares of Vornado Realty Trust by 25.5% in the first quarter. Toronto Dominion Bank now owns 93,056 shares of the real estate investment trust’s stock worth $6,261,000 after acquiring an additional 18,899 shares during the period. DnB Asset Management AS bought a new position in shares of Vornado Realty Trust in the second quarter worth $1,458,000. Norinchukin Bank The boosted its holdings in shares of Vornado Realty Trust by 29.6% in the first quarter. Norinchukin Bank The now owns 18,633 shares of the real estate investment trust’s stock worth $1,254,000 after acquiring an additional 4,258 shares during the period. Finally, BP PLC bought a new position in shares of Vornado Realty Trust in the second quarter worth $1,627,000. 78.10% of the stock is owned by institutional investors and hedge funds.
Shares of VNO stock opened at $76.77 on Friday. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 2.41. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $80.30. The firm has a market capitalization of $14.44 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 9.22 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, August 6th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.28%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 67.56%.
A number of equities analysts have recently commented on VNO shares. SunTrust Banks raised their price target on Vornado Realty Trust to $81.00 and gave the stock an “average” rating in a report on Wednesday, June 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a report on Monday, April 30th. Argus raised their price target on Vornado Realty Trust from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, July 3rd. ValuEngine raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Deutsche Bank cut their price target on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, June 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.10.
About Vornado Realty Trust
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.
Further Reading: Asset Allocation and Your Retirement
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