Duff & Phelps Investment Management Co. Has $100,698,000 Position in Vornado Realty Trust (VNO)
Duff & Phelps Investment Management Co. increased its position in Vornado Realty Trust (NYSE:VNO) by 82.9% during the third quarter, Holdings Channel reports. The institutional investor owned 994,939 shares of the real estate investment trust’s stock after buying an additional 450,814 shares during the period. Vornado Realty Trust comprises 1.4% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 12th largest position. Duff & Phelps Investment Management Co.’s holdings in Vornado Realty Trust were worth $100,698,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in Vornado Realty Trust by 971.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,029 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 933 shares in the last quarter. Euclid Advisors LLC bought a new position in Vornado Realty Trust during the second quarter worth $120,000. Advisor Partners LLC bought a new position in Vornado Realty Trust during the second quarter worth $205,000. HighPoint Advisor Group LLC increased its position in Vornado Realty Trust by 17.5% in the second quarter. HighPoint Advisor Group LLC now owns 2,112 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 314 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Vornado Realty Trust by 0.7% in the third quarter. Raymond James Trust N.A. now owns 2,245 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 15 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors.
Shares of Vornado Realty Trust (NYSE:VNO) opened at 97.93 on Tuesday. The stock has a market cap of $18.51 billion, a P/E ratio of 46.17 and a beta of 0.90. The company’s 50-day moving average is $93.92 and its 200 day moving average is $98.58. Vornado Realty Trust has a 1-year low of $78.91 and a 1-year high of $108.69.
Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, October 31st. The real estate investment trust reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by $0.03. The firm earned $633.20 million during the quarter, compared to analysts’ expectations of $631.60 million. Vornado Realty Trust had a return on equity of 4.98% and a net margin of 19.48%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. Equities research analysts anticipate that Vornado Realty Trust will post $4.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, November 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 118.87%.
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A number of equities analysts have weighed in on VNO shares. TheStreet raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Bank of America Corp. raised shares of Vornado Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $108.00 to $114.00 in a research note on Friday, November 11th. Finally, Argus reaffirmed a “hold” rating on shares of Vornado Realty Trust in a research note on Tuesday, August 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $106.94.
In related news, Director Daniel R. Tisch acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were purchased at an average cost of $88.53 per share, with a total value of $4,426,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.72% of the stock is currently owned by 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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