Vornado Realty Trust (VNO) Shares Bought by Channing Capital Management LLC
Channing Capital Management LLC lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,171 shares of the real estate investment trust’s stock after purchasing an additional 10,256 shares during the period. Channing Capital Management LLC’s holdings in Vornado Realty Trust were worth $6,317,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. BT Investment Management Ltd bought a new position in shares of Vornado Realty Trust during the second quarter worth about $2,647,000. State of Wisconsin Investment Board lifted its position in shares of Vornado Realty Trust by 3.2% during 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 during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Vornado Realty Trust by 521.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,177 shares of the real estate investment trust’s stock worth $2,646,000 after purchasing an additional 23,641 shares during the last quarter. Andra AP fonden lifted its position in shares of Vornado Realty Trust by 52.2% during 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 during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Vornado Realty Trust by 16.8% during the first quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 480 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.
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VNO has been the topic of a number of recent research reports. Stifel Nicolaus cut shares of 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. Zacks Investment Research raised shares of Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Evercore ISI reissued an “outperform” rating and issued a $86.00 target price (down previously from $106.00) on shares of Vornado Realty Trust in a report on Friday, July 21st. Morgan Stanley raised shares of Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $81.00 to $84.00 in a report on Tuesday, October 10th. Finally, Barclays PLC cut their target price on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.67.
Shares of Vornado Realty Trust (VNO) traded down $0.74 during trading hours on Friday, hitting $73.25. 1,033,515 shares of the company’s stock traded hands, compared to its average volume of 1,095,147. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 4.49 and a beta of 0.99. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $111.72. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.90. The firm 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%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. sell-side analysts anticipate that Vornado Realty Trust will post 3.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 57.14%.
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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