Exxonmobil Investment Management Inc. TX Sells 4,071 Shares of Vornado Realty Trust (VNO)
Exxonmobil Investment Management Inc. TX cut its holdings in Vornado Realty Trust (NYSE:VNO) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,414 shares of the real estate investment trust’s stock after selling 4,071 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Vornado Realty Trust were worth $2,143,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in VNO. JPMorgan Chase & Co. grew its position in shares of Vornado Realty Trust by 23.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock worth $558,195,000 after buying an additional 1,352,088 shares during the period. Long Pond Capital LP bought a new position in Vornado Realty Trust in the 3rd quarter worth about $64,360,000. American Century Companies Inc. bought a new position in Vornado Realty Trust in the 3rd quarter worth about $47,992,000. Numeric Investors LLC boosted its stake in Vornado Realty Trust by 1,397.9% in the 2nd quarter. Numeric Investors LLC now owns 503,300 shares of the real estate investment trust’s stock worth $47,260,000 after purchasing an additional 469,700 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Vornado Realty Trust by 136.5% in the 2nd quarter. Renaissance Technologies LLC now owns 567,099 shares of the real estate investment trust’s stock worth $53,251,000 after purchasing an additional 327,300 shares in the last quarter. 86.00% of the stock is currently owned by hedge funds and other institutional investors.
Vornado Realty Trust (VNO) opened at $71.92 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $13,660.00, a PE ratio of 17.12, a price-to-earnings-growth ratio of 4.33 and a beta of 1.00. Vornado Realty Trust has a one year low of $71.87 and a one year high of $89.38.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.90. The business had revenue of $528.76 million for the quarter, compared to analysts’ expectations of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. equities research analysts forecast that Vornado Realty Trust will post 3.92 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on VNO shares. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. JPMorgan Chase & Co. cut shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research note on Friday, December 15th. Zacks Investment Research cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley upgraded shares of Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $81.00 to $84.00 in a research note on Tuesday, October 10th. Finally, Barclays reiterated a “hold” rating and issued a $80.00 price target on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $91.75.
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Vornado Realty Trust 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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