Honeywell International Inc. held its stake in shares of Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,440 shares of the real estate investment trust’s stock at the end of the second quarter. Honeywell International Inc.’s holdings in Vornado Realty Trust were worth $4,079,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VNO. Levin Capital Strategies L.P. boosted its stake in shares of Vornado Realty Trust by 2.8% in the first quarter. Levin Capital Strategies L.P. now owns 208,148 shares of the real estate investment trust’s stock valued at $20,879,000 after buying an additional 5,610 shares during the period. Clinton Group Inc. acquired a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $11,386,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $841,000. FIL Ltd boosted its stake in shares of Vornado Realty Trust by 34.2% in the first quarter. FIL Ltd now owns 82,623 shares of the real estate investment trust’s stock valued at $8,288,000 after buying an additional 21,057 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Vornado Realty Trust by 9.0% in the first quarter. Glen Harbor Capital Management LLC now owns 6,666 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.

Shares of Vornado Realty Trust (NYSE VNO) opened at 79.25 on Tuesday. The firm’s 50-day moving average price is $77.01 and its 200 day moving average price is $80.63. The firm has a market cap of $15.02 billion, a P/E ratio of 17.12 and a beta of 0.97. Vornado Realty Trust has a 12-month low of $77.25 and a 12-month high of $111.72.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The firm had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts expect that Vornado Realty Trust will post $1.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, August 3rd. Vornado Realty Trust’s payout ratio is 51.72%.

TRADEMARK VIOLATION WARNING: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/08/vornado-realty-trust-nysevno-position-maintained-by-honeywell-international-inc.html.

Several brokerages have commented on VNO. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Citigroup Inc. dropped their price target on shares of Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and issued a $113.00 price target (up from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price target (down from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $100.75.

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.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.