Paloma Partners Management Co bought a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,982 shares of the real estate investment trust’s stock, valued at approximately $2,586,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its holdings in shares of Vornado Realty Trust by 13.5% during the first quarter. Westwood Holdings Group Inc. now owns 6,085 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 725 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Vornado Realty Trust by 1.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,447 shares of the real estate investment trust’s stock worth $4,099,000 after buying an additional 729 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Vornado Realty Trust by 9.8% during the first quarter. Riverhead Capital Management LLC now owns 8,279 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 740 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Vornado Realty Trust by 4.9% during the second quarter. CIBC Asset Management Inc now owns 16,949 shares of the real estate investment trust’s stock worth $1,253,000 after buying an additional 785 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Vornado Realty Trust by 3.7% during the second quarter. Amalgamated Bank now owns 22,193 shares of the real estate investment trust’s stock worth $1,641,000 after buying an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.

NYSE VNO opened at $75.49 on Friday. The firm has a market capitalization of $14.40 billion, a P/E ratio of 20.24, a P/E/G ratio of 9.08 and a beta of 0.91. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $80.30. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The company had revenue of $541.80 million during the quarter, compared to analyst estimates of $539.78 million. Vornado Realty Trust had a net margin of 6.91% and a return on equity of 5.16%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share. sell-side analysts anticipate that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Monday, August 6th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, August 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 3.34%. Vornado Realty Trust’s payout ratio is currently 67.56%.

Several research analysts have recently issued reports on VNO shares. ValuEngine downgraded shares of Vornado Realty Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Evercore ISI upgraded shares of Vornado Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, June 11th. SunTrust Banks upped their price target on shares of Vornado Realty Trust to $81.00 and gave the stock an “average” rating in a report on Wednesday, June 27th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a report on Monday, July 30th. Finally, Deutsche Bank decreased their price objective on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, June 26th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.44.

About Vornado Realty Trust

Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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

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