Vornado Realty Trust (VNO) Stake Raised by Laurion Capital Management LP
Laurion Capital Management LP lifted its position in Vornado Realty Trust (NYSE:VNO) by 300.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the real estate investment trust’s stock after buying an additional 21,000 shares during the quarter. Laurion Capital Management LP’s holdings in Vornado Realty Trust were worth $2,630,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in Vornado Realty Trust by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 16 shares in the last quarter. 1st Global Advisors Inc. raised its stake in Vornado Realty Trust by 0.6% in the first quarter. 1st Global Advisors Inc. now owns 3,049 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 19 shares in the last quarter. Victory Capital Management Inc. raised its stake in Vornado Realty Trust by 0.7% in the second quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 29 shares in the last quarter. Cleararc Capital Inc. raised its stake in Vornado Realty Trust by 0.8% in the first quarter. Cleararc Capital Inc. now owns 4,198 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 35 shares in the last quarter. Finally, Parametrica Management Ltd raised its stake in Vornado Realty Trust by 2.4% in the second quarter. Parametrica Management Ltd now owns 2,281 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 53 shares in the last quarter. 85.95% of the stock is currently owned by hedge funds and other institutional investors.
Vornado Realty Trust (VNO) opened at 73.37 on Wednesday. Vornado Realty Trust has a 1-year low of $69.81 and a 1-year high of $90.32. The stock has a market capitalization of $13.90 billion, a P/E ratio of 15.85 and a beta of 0.99. The firm’s 50 day moving average is $75.53 and its 200 day moving average is $77.86.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.09. The business had revenue of $626.04 million for the quarter, compared to analysts’ expectations of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. On average, equities research analysts anticipate that Vornado Realty Trust will post $1.22 earnings per share for the current year.
A number of equities research analysts recently weighed in on VNO shares. Deutsche Bank AG lowered their target price on shares of Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. BidaskClub raised shares of Vornado Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 target price (down from $111.00) on shares of Vornado Realty Trust in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $113.00 target price (up from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $96.30.
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About Vornado Realty Trust
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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