KCM Investment Advisors LLC Has $6.90 Million Stake in Vornado Realty Trust (VNO)
KCM Investment Advisors LLC lifted its stake in Vornado Realty Trust (NYSE:VNO) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,459 shares of the real estate investment trust’s stock after buying an additional 2,410 shares during the period. KCM Investment Advisors LLC’s holdings in Vornado Realty Trust were worth $6,898,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares during the period. Harvest Fund Management Co. Ltd boosted its position in shares of Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 500 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of Vornado Realty Trust in the first quarter worth about $139,000. Advisors Asset Management Inc. boosted its position in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 741 shares during the period. Finally, Exane Asset Management purchased a new stake in shares of Vornado Realty Trust in the second quarter worth about $187,000. 86.07% of the stock is owned by institutional investors.
Shares of Vornado Realty Trust (VNO) traded up 1.18% on Thursday, reaching $75.40. The company had a trading volume of 378,550 shares. The company has a 50-day moving average price of $76.12 and a 200-day moving average price of $78.37. Vornado Realty Trust has a 52-week low of $69.81 and a 52-week high of $90.32. The firm has a market capitalization of $14.29 billion, a PE ratio of 16.29 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.09. The company had revenue of $626.04 million for the quarter, compared to the consensus estimate of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. Equities research analysts forecast that Vornado Realty Trust will post $1.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.
Several equities research analysts have recently weighed in on VNO shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $86.00 target price (down previously from $106.00) on shares of Vornado Realty Trust in a research report on Friday, July 21st. Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $86.00 to $77.00 in a research report on Wednesday, August 30th. Finally, Barclays PLC reduced their price target on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $96.30.
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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