Qube Research & Technologies Ltd raised its stake in shares of Vornado Realty Trust (NYSE:VNO) by 3,003.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,586 shares of the real estate investment trust’s stock after buying an additional 5,406 shares during the period. Qube Research & Technologies Ltd’s holdings in Vornado Realty Trust were worth $413,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $325,000. Toronto Dominion Bank raised its stake in shares of Vornado Realty Trust by 25.5% during the 1st quarter. Toronto Dominion Bank now owns 93,056 shares of the real estate investment trust’s stock valued at $6,261,000 after buying an additional 18,899 shares during the last quarter. DnB Asset Management AS purchased a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $1,458,000. BP PLC purchased a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $1,627,000. Finally, Virginia Retirement Systems ET AL raised its stake in shares of Vornado Realty Trust by 14.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 59,936 shares of the real estate investment trust’s stock valued at $4,430,000 after buying an additional 7,600 shares during the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.
Shares of Vornado Realty Trust stock opened at $75.02 on Friday. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 2.41. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $80.30. The stock has a market capitalization of $14.40 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 9.08 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, August 6th were paid a $0.63 dividend. The ex-dividend date was Friday, August 3rd. This represents a $2.52 annualized dividend and a dividend yield of 3.36%. Vornado Realty Trust’s dividend payout ratio is presently 67.56%.
Several equities analysts recently weighed in on VNO shares. ValuEngine lowered Vornado Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Evercore ISI upgraded Vornado Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, June 11th. SunTrust Banks lifted their price target on Vornado Realty Trust to $81.00 and gave the company an “average” rating in a research note on Wednesday, June 27th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a research note on Monday, July 30th. Finally, Deutsche Bank cut their price target on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, June 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $80.44.
About Vornado Realty Trust
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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