39,396 Shares in Vornado Realty Trust (VNO) Acquired by Bank of Montreal Can
Bank of Montreal Can purchased a new position in Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,396 shares of the real estate investment trust’s stock, valued at approximately $3,944,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Checchi Capital Advisers LLC raised its position in shares of Vornado Realty Trust by 11.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,590 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 258 shares during the period. Price Michael F bought a new stake in Vornado Realty Trust during the first quarter worth approximately $246,000. 1st Global Advisors Inc. increased its stake in Vornado Realty Trust by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 3,058 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 13 shares in the last quarter. Cutler Group LP increased its stake in Vornado Realty Trust by 5,831.6% in the first quarter. Cutler Group LP now owns 4,508 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 4,432 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in Vornado Realty Trust by 4.9% in the first quarter. Commonwealth Equity Services Inc now owns 4,599 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 214 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.
Vornado Realty Trust (NYSE:VNO) traded down 0.42% during trading on Friday, hitting $95.25. 935,716 shares of the stock were exchanged. The stock’s 50-day moving average price is $100.26 and its 200-day moving average price is $98.91. Vornado Realty Trust has a 12-month low of $78.91 and a 12-month high of $108.69. The firm has a market cap of $17.99 billion, a PE ratio of 33.74 and a beta of 0.88.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.04. Vornado Realty Trust had a return on equity of 5.24% and a net margin of 24.56%. The firm earned $621.71 million during the quarter, compared to analyst estimates of $621.30 million. During the same period last year, the business earned $1.71 EPS. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Vornado Realty Trust will post $4.87 EPS for the current year.
A number of research firms recently commented on VNO. TheStreet raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Argus reissued a “hold” rating on shares of Vornado Realty Trust in a report on Tuesday, August 30th. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 21st. Citigroup Inc. boosted their price objective on shares of Vornado Realty Trust from $106.00 to $116.50 and gave the stock a “buy” rating in a report on Thursday, July 7th. Finally, Barclays PLC reissued an “equal weight” rating and set a $103.00 price objective on shares of Vornado Realty Trust in a report on Thursday, June 23rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $105.93.
In other news, Director Russell B. Wight, Jr. acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were acquired at an average price 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 can be accessed through the SEC website. 9.72% of the stock is currently owned by corporate insiders.
Vornado Realty Trust Company Profile
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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