Vornado Realty Trust (VNO) Stake Lowered by Stephens Inc. AR

Stephens Inc. AR lowered its holdings in Vornado Realty Trust (NYSE:VNO) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,968 shares of the real estate investment trust’s stock after selling 3,670 shares during the period. Stephens Inc. AR’s holdings in Vornado Realty Trust were worth $1,717,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Vornado Realty Trust by 23.0% in the third quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock valued at $558,195,000 after purchasing an additional 1,352,088 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Vornado Realty Trust by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,456,239 shares of the real estate investment trust’s stock valued at $188,837,000 after purchasing an additional 55,423 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Vornado Realty Trust by 6.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,674,944 shares of the real estate investment trust’s stock valued at $130,948,000 after purchasing an additional 107,907 shares during the period. Legal & General Group Plc grew its position in shares of Vornado Realty Trust by 8.2% in the third quarter. Legal & General Group Plc now owns 1,414,403 shares of the real estate investment trust’s stock valued at $108,741,000 after purchasing an additional 107,130 shares during the period. Finally, Adelante Capital Management LLC grew its position in shares of Vornado Realty Trust by 17.2% in the third quarter. Adelante Capital Management LLC now owns 940,592 shares of the real estate investment trust’s stock valued at $72,313,000 after purchasing an additional 137,992 shares during the period. 85.74% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, October 17th. Barclays reiterated a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. JPMorgan Chase & Co. cut Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Friday, December 15th. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. Finally, SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $89.45.

Vornado Realty Trust (NYSE:VNO) opened at $67.69 on Friday. The company has a market capitalization of $12,778.78, a PE ratio of 16.35, a price-to-earnings-growth ratio of 4.05 and a beta of 0.86. Vornado Realty Trust has a one year low of $65.64 and a one year high of $89.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 29th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, January 26th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s payout ratio is currently 60.87%.

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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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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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