Calamos Advisors LLC raised its holdings in Vornado Realty Trust (NYSE:VNO) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,321 shares of the real estate investment trust’s stock after purchasing an additional 708 shares during the period. Calamos Advisors LLC’s holdings in Vornado Realty Trust were worth $1,485,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of VNO. Bessemer Group Inc. increased its stake in shares of Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 419 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Vornado Realty Trust by 13,866.7% in the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 1,248 shares during the period. Exane Asset Management bought a new position in shares of Vornado Realty Trust in the second quarter valued at approximately $187,000. Perigon Wealth Management LLC boosted its position in shares of Vornado Realty Trust by 56.5% in 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 period. Finally, Advisors Asset Management Inc. boosted its position in shares of Vornado Realty Trust by 48.3% in the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 719 shares during the period. Hedge funds and other institutional investors own 85.58% of the company’s stock.
Shares of Vornado Realty Trust (VNO) opened at $73.25 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. Vornado Realty Trust has a 1 year low of $71.89 and a 1 year high of $111.72. The stock has a market cap of $13.91 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 4.49 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that Vornado Realty Trust will post 3.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.28%. Vornado Realty Trust’s dividend payout ratio is currently 57.14%.
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VNO has been the subject of a number of analyst reports. Stifel Nicolaus lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $86.00 to $77.00 in a research report on Wednesday, August 30th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Evercore ISI restated an “outperform” rating and issued a $86.00 price objective (down from $106.00) on shares of Vornado Realty Trust in a research report on Friday, July 21st. Morgan Stanley upgraded shares of Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $84.00 in a research report on Tuesday, October 10th. Finally, Barclays PLC cut their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $93.67.
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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