Virtu Financial LLC Invests $383,000 in Vornado Realty Trust (NYSE:VNO)

Virtu Financial LLC acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,018 shares of the real estate investment trust’s stock, valued at approximately $383,000.

A number of other hedge funds also recently modified their holdings of VNO. Nomura Holdings Inc. grew its position in Vornado Realty Trust by 10,306.4% during the 2nd quarter. Nomura Holdings Inc. now owns 2,610,659 shares of the real estate investment trust’s stock worth $167,686,000 after purchasing an additional 2,585,572 shares during the period. Long Pond Capital LP increased its holdings in shares of Vornado Realty Trust by 69.1% in the second quarter. Long Pond Capital LP now owns 4,674,336 shares of the real estate investment trust’s stock valued at $299,625,000 after purchasing an additional 1,910,770 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Vornado Realty Trust by 73.2% in the second quarter. Invesco Ltd. now owns 3,818,967 shares of the real estate investment trust’s stock valued at $244,796,000 after purchasing an additional 1,613,521 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Vornado Realty Trust by 188.5% during the second quarter. Nuveen Asset Management LLC now owns 1,428,612 shares of the real estate investment trust’s stock worth $91,574,000 after buying an additional 933,401 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Vornado Realty Trust by 191.9% during the second quarter. Canada Pension Plan Investment Board now owns 743,099 shares of the real estate investment trust’s stock worth $47,633,000 after buying an additional 488,500 shares during the last quarter. 76.44% of the stock is currently owned by institutional investors.

Shares of VNO opened at $64.23 on Wednesday. The company’s 50-day simple moving average is $64.33 and its 200-day simple moving average is $64.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 4.61 and a current ratio of 4.61. Vornado Realty Trust has a 1 year low of $58.60 and a 1 year high of $72.50. The stock has a market capitalization of $12.32 billion, a PE ratio of 17.08, a P/E/G ratio of 5.90 and a beta of 0.96.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.46). The business had revenue of $465.96 million for the quarter, compared to analysts’ expectations of $457.27 million. Vornado Realty Trust had a return on equity of 4.90% and a net margin of 151.59%. Vornado Realty Trust’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. On average, sell-side analysts predict that Vornado Realty Trust will post 3.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were issued a dividend of $0.66 per share. The ex-dividend date was Friday, November 1st. This represents a $2.64 annualized dividend and a yield of 4.11%. Vornado Realty Trust’s dividend payout ratio (DPR) is 70.21%.

Several brokerages have issued reports on VNO. Argus cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. SunTrust Banks set a $72.00 target price on shares of Vornado Realty Trust and gave the stock a “buy” rating in a research note on Monday, August 26th. Barclays set a $79.00 target price on shares of Vornado Realty Trust and gave the stock a “hold” rating in a research note on Friday, October 11th. Morgan Stanley downgraded shares of Vornado Realty Trust from an “overweight” rating to an “equal” rating and reduced their price target for the company from $72.00 to $68.00 in a research note on Friday, October 11th. Finally, Goldman Sachs Group initiated coverage on shares of Vornado Realty Trust in a report on Friday, November 8th. They issued a “neutral” rating and a $69.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.13.

About Vornado Realty Trust

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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

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