Laurion Capital Management LP Buys New Stake in Vornado Realty Trust (VNO)

Laurion Capital Management LP bought a new stake in Vornado Realty Trust (NYSE:VNO) during the first quarter, HoldingsChannel reports. The institutional investor bought 10,130 shares of the real estate investment trust’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VNO. Pearl River Capital LLC acquired a new stake in shares of Vornado Realty Trust during the first quarter worth about $64,000. Whitener Capital Management Inc. lifted its position in shares of Vornado Realty Trust by 46.1% during the first quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 300 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Vornado Realty Trust by 33.3% during the fourth quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 247 shares in the last quarter. Next Capital Management LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $64,000. Finally, First Hawaiian Bank lifted its position in shares of Vornado Realty Trust by 476.2% during the first quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 1,100 shares in the last quarter. 77.86% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on VNO. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. BMO Capital Markets restated a “sell” rating and set a $82.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, April 24th. Deutsche Bank cut their target price on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Morgan Stanley set a $72.00 target price on shares of Vornado Realty Trust and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, SunTrust Banks cut their target price on shares of Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $76.11.

VNO stock opened at $67.68 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.93 and a current ratio of 3.93. Vornado Realty Trust has a fifty-two week low of $59.48 and a fifty-two week high of $77.59. The company has a market cap of $12.91 billion, a P/E ratio of 18.00, a PEG ratio of 3.47 and a beta of 1.10.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The firm had revenue of $534.67 million for the quarter, compared to analysts’ expectations of $583.32 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Analysts anticipate that Vornado Realty Trust will post 3.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.64 annualized dividend and a yield of 3.90%. Vornado Realty Trust’s dividend payout ratio is currently 70.21%.

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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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