Standard Life Aberdeen plc increased its position in Vornado Realty Trust (NYSE:VNO) by 30.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 616,541 shares of the real estate investment trust’s stock after purchasing an additional 145,401 shares during the period. Standard Life Aberdeen plc’s holdings in Vornado Realty Trust were worth $40,999,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV raised its stake in Vornado Realty Trust by 0.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 26,940 shares of the real estate investment trust’s stock valued at $1,792,000 after purchasing an additional 199 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of Vornado Realty Trust by 0.4% in the 4th quarter. Utah Retirement Systems now owns 45,607 shares of the real estate investment trust’s stock worth $3,033,000 after buying an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vornado Realty Trust by 20.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,278 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 216 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Vornado Realty Trust by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 69,618 shares of the real estate investment trust’s stock valued at $4,630,000 after buying an additional 263 shares in the last quarter. Finally, 6 Meridian raised its position in shares of Vornado Realty Trust by 3.4% during the 4th quarter. 6 Meridian now owns 9,125 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 297 shares in the last quarter. Institutional investors own 86.88% of the company’s stock.
Shares of VNO stock traded up $2.49 during trading hours on Thursday, reaching $37.04. 2,901,718 shares of the stock were exchanged, compared to its average volume of 1,864,229. Vornado Realty Trust has a 12-month low of $27.64 and a 12-month high of $70.45. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $53.44 and its 200-day moving average price is $62.03. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 2.29, a price-to-earnings-growth ratio of 3.19 and a beta of 1.17.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.14. The company had revenue of $460.97 million for the quarter, compared to analyst estimates of $451.12 million. Vornado Realty Trust had a net margin of 163.55% and a return on equity of 4.54%. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. On average, sell-side analysts expect that Vornado Realty Trust will post 3.33 EPS for the current year.
In other Vornado Realty Trust news, EVP Barry Langer sold 4,255 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $66.61, for a total transaction of $283,425.55. Following the completion of the transaction, the executive vice president now owns 16,221 shares in the company, valued at $1,080,480.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.59% of the stock is owned by insiders.
Several research analysts recently commented on VNO shares. Barclays dropped their price target on Vornado Realty Trust from $79.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Bank of America downgraded Vornado Realty Trust from a “buy” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research report on Thursday, February 20th. BMO Capital Markets raised their price objective on Vornado Realty Trust from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Cfra cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Finally, SunTrust Banks cut Vornado Realty Trust from a “buy” rating to a “hold” rating and set a $68.00 target price for the company. in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $71.75.
Vornado Realty Trust Company Profile
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 2019.
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