Neuberger Berman Group LLC Grows Stake in Vornado Realty Trust (VNO)

Neuberger Berman Group LLC increased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 13.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 537,094 shares of the real estate investment trust’s stock after purchasing an additional 62,429 shares during the period. Neuberger Berman Group LLC owned approximately 0.28% of Vornado Realty Trust worth $41,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 419 shares during the last quarter. Sun Life Financial INC grew its position in Vornado Realty Trust by 13,866.7% during 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 buying an additional 1,248 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Vornado Realty Trust by 56.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 718 shares during the period. Perigon Wealth Management LLC grew its position in Vornado Realty Trust by 56.5% during 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 buying an additional 785 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Vornado Realty Trust by 48.3% during 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 buying an additional 719 shares during the period. 86.00% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Tuesday, October 17th. J P Morgan Chase & Co lowered shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Friday, December 15th. Stifel Nicolaus lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $86.00 to $77.00 in a research report on Wednesday, August 30th. Finally, Argus upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Thursday, August 24th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $91.75.

Vornado Realty Trust (VNO) opened at $78.18 on Wednesday. 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 12-month low of $71.89 and a 12-month high of $89.38. The firm has a market cap of $14,781.98, a price-to-earnings ratio of 19.08, a P/E/G ratio of 4.68 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Vornado Realty Trust’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts expect that Vornado Realty Trust will post 3.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.07%. Vornado Realty Trust’s dividend payout ratio is 57.97%.

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

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