Alexandria Capital LLC held its stake in Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,556 shares of the real estate investment trust’s stock at the end of the second quarter. Alexandria Capital LLC’s holdings in Vornado Realty Trust were worth $146,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its stake in Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 500 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Vornado Realty Trust during the first quarter worth about $139,000. Advisors Asset Management Inc. increased its position in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 741 shares during the period. Exane Asset Management acquired a new position in shares of Vornado Realty Trust during the second quarter worth about $187,000. Finally, Global X Management Co. LLC increased its position in shares of Vornado Realty Trust by 44.6% in the first quarter. Global X Management Co. LLC now owns 2,041 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 630 shares during the period. Hedge funds and other institutional investors own 87.19% of the company’s stock.
Shares of Vornado Realty Trust (NYSE:VNO) opened at 73.91 on Friday. Vornado Realty Trust has a 12-month low of $73.48 and a 12-month high of $111.72. The stock has a 50 day moving average price of $77.51 and a 200 day moving average price of $94.13. The firm has a market capitalization of $14.00 billion, a P/E ratio of 15.96 and a beta of 0.97.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The business had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts anticipate that Vornado Realty Trust will post $1.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.
VNO has been the subject of a number of research analyst reports. Citigroup Inc. lowered their price target on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating for the company in a report on Wednesday, July 19th. Bank of America Corporation reaffirmed a “buy” rating and issued a $113.00 price target (up from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. TheStreet downgraded Vornado Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. Barclays PLC lowered their price target on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $81.00 price target on shares of Vornado Realty Trust in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $100.75.
About Vornado Realty Trust
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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