Zeke Capital Advisors LLC Purchases New Holdings in Vornado Realty Trust (VNO)

Zeke Capital Advisors LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,060 shares of the real estate investment trust’s stock, valued at approximately $235,000.

Other large investors have also bought and sold shares of the company. Kemper Corp Master Retirement Trust grew its position in shares of Vornado Realty Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock worth $629,000 after buying an additional 25 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Vornado Realty Trust by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 29 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Vornado Realty Trust by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 16,239 shares of the real estate investment trust’s stock worth $1,525,000 after buying an additional 59 shares during the last quarter. Global X Management Co. LLC grew its position in shares of Vornado Realty Trust by 14.5% in the 2nd quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 295 shares during the last quarter. Finally, Advisor Group Inc. grew its position in shares of Vornado Realty Trust by 11.6% in the 2nd quarter. Advisor Group Inc. now owns 3,988 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 413 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

A number of brokerages have recently issued reports on VNO. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Barclays reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Morgan Stanley raised shares of Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $84.00 in a research report on Tuesday, October 10th. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $86.00 to $77.00 in a research report on Wednesday, August 30th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.73.

Vornado Realty Trust (NYSE:VNO) traded up $0.30 during trading hours on Monday, reaching $77.92. 1,027,600 shares of the company’s stock traded hands, compared to its average volume of 1,129,000. The stock has a market cap of $14,795.29, a P/E ratio of 19.10, a PEG ratio of 4.66 and a beta of 0.99. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $89.38. 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 (NYSE:VNO) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.90. The company had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. Vornado Realty Trust’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. research analysts anticipate that Vornado Realty Trust will post 3.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio is presently 57.97%.

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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.

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

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