Toronto Dominion Bank lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 13.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,157 shares of the real estate investment trust’s stock after buying an additional 8,841 shares during the quarter. Toronto Dominion Bank’s holdings in Vornado Realty Trust were worth $5,798,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VNO. JPMorgan Chase & Co. raised its stake in shares of Vornado Realty Trust by 23.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock worth $558,195,000 after buying an additional 1,352,088 shares during the last quarter. Long Pond Capital LP acquired a new position in Vornado Realty Trust in the 3rd quarter valued at about $64,360,000. American Century Companies Inc. acquired a new position in Vornado Realty Trust in the 3rd quarter valued at about $47,992,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Vornado Realty Trust by 397.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 376,048 shares of the real estate investment trust’s stock valued at $29,032,000 after purchasing an additional 300,500 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in Vornado Realty Trust by 177.7% in the 3rd quarter. Advantus Capital Management Inc now owns 409,469 shares of the real estate investment trust’s stock valued at $31,480,000 after purchasing an additional 262,000 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.
VNO has been the subject of several analyst reports. TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Sandler O’Neill set a $75.00 target price on shares of Vornado Realty Trust and gave the company a “buy” rating in a research note on Wednesday, February 14th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Barclays reissued a “hold” rating and issued a $75.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $88.09.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. The firm had revenue of $536.23 million during the quarter, compared to analysts’ expectations of $532.81 million. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. Vornado Realty Trust’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.43 EPS. equities analysts forecast that Vornado Realty Trust will post 3.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 29th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, January 26th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s dividend payout ratio is currently 296.47%.
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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.
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