Teachers Advisors LLC grew its position in Vornado Realty Trust (NYSE:VNO) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 503,897 shares of the real estate investment trust’s stock after purchasing an additional 6,440 shares during the period. Teachers Advisors LLC owned about 0.27% of Vornado Realty Trust worth $47,316,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Clinton Group Inc. acquired a new stake in shares of Vornado Realty Trust in the 1st quarter valued at $11,386,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vornado Realty Trust in the 1st quarter valued at $841,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Vornado Realty Trust by 521.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 28,177 shares of the real estate investment trust’s stock valued at $2,646,000 after purchasing an additional 23,641 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Vornado Realty Trust by 3.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 175,374 shares of the real estate investment trust’s stock valued at $16,468,000 after purchasing an additional 5,492 shares in the last quarter. Finally, FIL Ltd boosted its stake in shares of Vornado Realty Trust by 34.2% in the 1st quarter. FIL Ltd now owns 82,623 shares of the real estate investment trust’s stock valued at $8,288,000 after purchasing an additional 21,057 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.
VNO has been the topic of several recent analyst reports. Bank of America Corporation restated a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Citigroup Inc. reduced their target price on shares of Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, July 19th. Argus upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 24th. TheStreet downgraded shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $95.00 price target (down previously from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $96.30.
Vornado Realty Trust (VNO) opened at 75.11 on Friday. The company’s 50-day moving average is $75.83 and its 200 day moving average is $78.21. Vornado Realty Trust has a 12 month low of $69.81 and a 12 month high of $90.32. The firm has a market cap of $14.23 billion, a P/E ratio of 16.22 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The firm had revenue of $626.04 million for the quarter, compared to analysts’ expectations of $633.19 million. During the same quarter in the previous year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that Vornado Realty Trust will post $1.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is presently 51.72%.
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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