Vornado Realty Trust (VNO) Holdings Increased by Brown Advisory Inc.
Brown Advisory Inc. grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 22.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,214 shares of the real estate investment trust’s stock after buying an additional 5,601 shares during the period. Brown Advisory Inc.’s holdings in Vornado Realty Trust were worth $2,323,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Vornado Realty Trust by 2.9% during the 2nd quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock worth $1,539,465,000 after buying an additional 461,768 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vornado Realty Trust by 23.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock worth $558,195,000 after purchasing an additional 1,352,088 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vornado Realty Trust by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock worth $429,864,000 after purchasing an additional 524,562 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Vornado Realty Trust by 1.3% in the 2nd quarter. Northern Trust Corp now owns 2,763,777 shares of the real estate investment trust’s stock worth $259,519,000 after purchasing an additional 35,361 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Vornado Realty Trust by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,400,816 shares of the real estate investment trust’s stock worth $225,435,000 after purchasing an additional 74,310 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.
A number of brokerages recently issued reports on VNO. Zacks Investment Research cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $78.00 target price (down from $81.00) on shares of Vornado Realty Trust in a report on Friday, September 1st. Sandler O’Neill reiterated a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Stifel Nicolaus cut Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $86.00 to $77.00 in a report on Wednesday, August 30th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $91.73.
Vornado Realty Trust (NYSE VNO) traded down $0.49 during midday trading on Thursday, reaching $76.42. The company had a trading volume of 2,176,700 shares, compared to its average volume of 1,137,700. The stock has a market cap of $14,380.00, a price-to-earnings ratio of 18.85, a P/E/G ratio of 4.60 and a beta of 0.99. Vornado Realty Trust has a twelve month low of $71.89 and a twelve month high of $89.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.90. The business had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. Vornado Realty Trust’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. research analysts anticipate that Vornado Realty Trust will post 3.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio is presently 57.14%.
Vornado Realty Trust Company 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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