Macquarie Group Ltd. Cuts Position in Vornado Realty Trust (VNO)

Macquarie Group Ltd. cut its stake in Vornado Realty Trust (NYSE:VNO) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 267,617 shares of the real estate investment trust’s stock after selling 75,710 shares during the period. Macquarie Group Ltd. owned about 0.14% of Vornado Realty Trust worth $16,600,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Vornado Realty Trust by 0.3% during the third quarter. Vanguard Group Inc. now owns 27,339,046 shares of the real estate investment trust’s stock valued at $1,995,751,000 after buying an additional 69,443 shares during the period. Vanguard Group Inc boosted its position in Vornado Realty Trust by 0.3% during the third quarter. Vanguard Group Inc now owns 27,339,046 shares of the real estate investment trust’s stock valued at $1,995,751,000 after buying an additional 69,443 shares during the period. BlackRock Inc. boosted its position in Vornado Realty Trust by 0.3% during the fourth quarter. BlackRock Inc. now owns 16,934,287 shares of the real estate investment trust’s stock valued at $1,050,433,000 after buying an additional 55,484 shares during the period. Cohen & Steers Inc. boosted its position in Vornado Realty Trust by 35.3% during the fourth quarter. Cohen & Steers Inc. now owns 5,999,707 shares of the real estate investment trust’s stock valued at $372,162,000 after buying an additional 1,566,186 shares during the period. Finally, Northern Trust Corp boosted its position in Vornado Realty Trust by 2.9% during the fourth quarter. Northern Trust Corp now owns 2,825,569 shares of the real estate investment trust’s stock valued at $175,269,000 after buying an additional 78,779 shares during the period. Institutional investors own 88.81% of the company’s stock.

Several analysts have issued reports on the stock. Barclays restated a “hold” rating and set a $68.00 price target on shares of Vornado Realty Trust in a research report on Friday, December 21st. Sandler O’Neill lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Finally, JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $74.00 to $72.00 in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $78.89.

Shares of NYSE:VNO opened at $67.62 on Tuesday. The stock has a market cap of $12.85 billion, a PE ratio of 17.98, a PEG ratio of 3.69 and a beta of 1.11. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.33. Vornado Realty Trust has a 12 month low of $59.48 and a 12 month high of $77.59.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.72). The firm had revenue of $543.42 million for the quarter, compared to the consensus estimate of $544.79 million. Vornado Realty Trust had a net margin of 20.22% and a return on equity of 8.15%. During the same period last year, the company posted $1.10 earnings per share. On average, equities analysts anticipate that Vornado Realty Trust will post 4.23 earnings per share for the current year.

In other news, Director Michael D. Fascitelli sold 126,074 shares of the company’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $64.23, for a total transaction of $8,097,733.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.04% of the company’s stock.

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Vornado Realty Trust Profile

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

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