KCS Wealth Advisory Acquires Shares of 5,440 Vornado Realty Trust (VNO)

KCS Wealth Advisory acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,440 shares of the real estate investment trust’s stock, valued at approximately $425,000.

Several other large investors also recently bought and sold shares of VNO. JPMorgan Chase & Co. increased its holdings in shares of Vornado Realty Trust by 23.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock worth $558,195,000 after purchasing an additional 1,352,088 shares during the period. Long Pond Capital LP bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $64,360,000. American Century Companies Inc. bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $47,992,000. Numeric Investors LLC increased its holdings in shares of Vornado Realty Trust by 1,397.9% during the 2nd quarter. Numeric Investors LLC now owns 503,300 shares of the real estate investment trust’s stock worth $47,260,000 after purchasing an additional 469,700 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Vornado Realty Trust by 2.9% during the 2nd quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock worth $1,539,465,000 after purchasing an additional 461,768 shares during the period. Institutional investors own 86.00% of the company’s stock.

Several brokerages have recently weighed in on VNO. Sandler O’Neill reiterated a “buy” rating and set a $90.00 target price on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Barclays reiterated a “hold” rating and set a $80.00 target price on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Morgan Stanley upgraded shares of Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $81.00 to $84.00 in a research report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $91.75.

Shares of Vornado Realty Trust (NYSE VNO) opened at $71.92 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 12-month low of $71.87 and a 12-month high of $111.72. The firm has a market cap of $13,838.30, a PE ratio of 17.86, a PEG ratio of 4.39 and a beta of 1.00.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.90. The business had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. analysts anticipate that Vornado Realty Trust will post 3.92 earnings per share for the current year.

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Vornado Realty Trust Company Profile

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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