APG Asset Management N.V. Lowers Holdings in Vornado Realty Trust (VNO)
APG Asset Management N.V. decreased its position in Vornado Realty Trust (NYSE:VNO) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,224 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. APG Asset Management N.V.’s holdings in Vornado Realty Trust were worth $2,684,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new stake in Vornado Realty Trust in the third quarter valued at $100,000. West Oak Capital LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter valued at $138,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Vornado Realty Trust by 56.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 718 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Vornado Realty Trust by 56.5% during 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, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Vornado Realty Trust during the second quarter valued at $275,000. 85.74% of the stock is currently owned by institutional investors.
VNO has been the topic of a number of analyst reports. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. SunTrust Banks raised Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday, October 17th. Barclays reaffirmed a “hold” rating and set a $75.00 price objective on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $89.45.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 29th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, January 26th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a yield of 3.74%. Vornado Realty Trust’s dividend payout ratio is 60.87%.
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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