Investors Sell Shares of Vornado Realty Trust (VNO) on Strength (VNO)
Investors sold shares of Vornado Realty Trust (NYSE:VNO) on strength during trading hours on Thursday. $13.28 million flowed into the stock on the tick-up and $45.10 million flowed out of the stock on the tick-down, for a money net flow of $31.82 million out of the stock. Of all stocks tracked, Vornado Realty Trust had the 0th highest net out-flow for the day. Vornado Realty Trust traded up $0.44 for the day and closed at $103.31
Several equities analysts have issued reports on VNO shares. Argus restated a “hold” rating on shares of Vornado Realty Trust in a research note on Tuesday. Barclays PLC reaffirmed an “equal weight” rating and issued a $103.00 target price on shares of Vornado Realty Trust in a report on Thursday, June 23rd. Vetr cut shares of Vornado Realty Trust from a “strong-buy” rating to a “buy” rating and set a $108.00 target price for the company. in a report on Wednesday, June 8th. TheStreet raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Finally, Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 21st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $105.50.
The stock has a 50-day moving average of $103.65 and a 200-day moving average of $96.77. The stock has a market capitalization of $19.59 billion and a PE ratio of 36.75.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.04. The company had revenue of $621.71 million for the quarter, compared to analysts’ expectations of $621.30 million. Vornado Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.71 earnings per share. Equities analysts predict that Vornado Realty Trust will post $4.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Tuesday, August 9th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, August 5th.
In related news, Director Russell B. Wight, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was bought at an average cost of $102.53 per share, with a total value of $205,060.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
A number of hedge funds and institutional investors recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Vornado Realty Trust by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,175,964 shares of the real estate investment trust’s stock valued at $217,513,000 after buying an additional 16,046 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Vornado Realty Trust by 9.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,046,450 shares of the real estate investment trust’s stock valued at $104,604,000 after buying an additional 91,232 shares in the last quarter. Finally, BlackRock Advisors LLC raised its position in shares of Vornado Realty Trust by 92.8% in the fourth quarter. BlackRock Advisors LLC now owns 195,994 shares of the real estate investment trust’s stock valued at $19,591,000 after buying an additional 94,361 shares in the last quarter.
Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.
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