BNP Paribas Arbitrage SA raised its position in shares of Vornado Realty Trust (NYSE:VNO) by 26.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,155 shares of the real estate investment trust’s stock after acquiring an additional 33,062 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of Vornado Realty Trust worth $12,005,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. BT Investment Management Ltd bought a new stake in Vornado Realty Trust during the 2nd quarter valued at approximately $2,647,000. State of Wisconsin Investment Board boosted its position in Vornado Realty Trust by 3.2% during 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 acquiring an additional 5,492 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Vornado Realty Trust by 521.2% during 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 acquiring an additional 23,641 shares in the last quarter. Andra AP fonden boosted its position in Vornado Realty Trust by 52.2% during the 2nd quarter. Andra AP fonden now owns 47,800 shares of the real estate investment trust’s stock valued at $4,488,000 after acquiring an additional 16,400 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Vornado Realty Trust by 16.8% during the 1st quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 480 shares in the last quarter. 84.14% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. Barclays PLC cut their price objective on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Evercore ISI reaffirmed an “outperform” rating and set a $87.00 price objective (up from $86.00) on shares of Vornado Realty Trust in a research report on Wednesday, August 2nd. BidaskClub cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, October 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $81.00 price target on shares of Vornado Realty Trust in a research report on Saturday, July 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.67.
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Vornado Realty Trust (NYSE:VNO) opened at $75.97 on Tuesday. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38. The firm has a market cap of $14,356.67, a P/E ratio of 18.53, a P/E/G ratio of 4.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The company had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts anticipate that Vornado Realty Trust will post 3.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.16%. Vornado Realty Trust’s payout ratio is currently 57.97%.
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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