Vornado Realty Trust (VNO) Position Raised by Sei Investments Co.
Sei Investments Co. increased its holdings in Vornado Realty Trust (NYSE:VNO) by 28.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 351,333 shares of the real estate investment trust’s stock after buying an additional 76,789 shares during the period. Sei Investments Co. owned 0.19% of Vornado Realty Trust worth $27,011,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. increased its stake in 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 valued at $102,000 after acquiring an additional 419 shares during the last quarter. Sun Life Financial INC increased its stake in Vornado Realty Trust by 13,866.7% in the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 1,248 shares during the last quarter. Exane Asset Management bought a new position in Vornado Realty Trust in the second quarter valued at $187,000. Perigon Wealth Management LLC increased its stake in Vornado Realty Trust by 56.5% in the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 785 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Vornado Realty Trust by 48.3% in the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 719 shares during the last quarter. Institutional investors own 84.14% of the company’s stock.
Shares of Vornado Realty Trust (NYSE VNO) traded up $0.35 during trading hours on Monday, hitting $75.61. The stock had a trading volume of 763,900 shares, compared to its average volume of 1,149,539. Vornado Realty Trust has a 52-week low of $71.89 and a 52-week high of $89.38. The company has a market capitalization of $14,356.67, a PE ratio of 18.53, a P/E/G ratio of 4.59 and a beta of 0.99. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.90. The company had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. Vornado Realty Trust’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. research analysts expect that Vornado Realty Trust will post 3.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.17%. Vornado Realty Trust’s dividend payout ratio is currently 57.97%.
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VNO has been the topic of a number of research analyst reports. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $81.00 to $84.00 in a research note on Tuesday, October 10th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Barclays PLC reissued a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Zacks Investment Research raised Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Vornado Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $93.67.
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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