Vornado Realty Trust (VNO) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in Vornado Realty Trust (NYSE:VNO) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,463 shares of the real estate investment trust’s stock after buying an additional 28,146 shares during the quarter. Schroder Investment Management Group owned approximately 0.15% of Vornado Realty Trust worth $22,066,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Vornado Realty Trust by 9.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,974 shares of the real estate investment trust’s stock valued at $997,000 after buying an additional 1,122 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vornado Realty Trust by 23.0% during the third quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock valued at $558,195,000 after purchasing an additional 1,352,088 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Vornado Realty Trust by 1.9% during the third quarter. Virginia Retirement Systems ET AL now owns 64,636 shares of the real estate investment trust’s stock valued at $4,969,000 after purchasing an additional 1,200 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Vornado Realty Trust by 8.2% during the third quarter. Legal & General Group Plc now owns 1,414,403 shares of the real estate investment trust’s stock valued at $108,741,000 after purchasing an additional 107,130 shares during the last quarter. Finally, Barr E S & Co. grew its holdings in shares of Vornado Realty Trust by 0.4% during the third quarter. Barr E S & Co. now owns 256,117 shares of the real estate investment trust’s stock valued at $19,690,000 after purchasing an additional 1,130 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on VNO shares. Argus raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, August 24th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Stifel Nicolaus lowered Vornado Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $86.00 to $77.00 in a report on Wednesday, August 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $78.00 target price (down from $81.00) on shares of Vornado Realty Trust in a report on Friday, September 1st. Finally, Zacks Investment Research raised Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Buy” and a consensus target price of $91.73.

Shares of Vornado Realty Trust (NYSE:VNO) traded down $0.60 during mid-day trading on Tuesday, reaching $77.32. The company had a trading volume of 2,249,400 shares, compared to its average volume of 1,133,808. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38. The company has a market cap of $14,795.29, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 4.66 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $545.53 million. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. sell-side analysts forecast that Vornado Realty Trust will post 3.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is 57.97%.

COPYRIGHT VIOLATION NOTICE: “Vornado Realty Trust (VNO) Shares Bought by Schroder Investment Management Group” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/05/vornado-realty-trust-vno-shares-bought-by-schroder-investment-management-group.html.

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)

What are top analysts saying about Vornado Realty Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Vornado Realty Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit