Pensionfund Sabic Holds Stake in Vornado Realty Trust (VNO)

Pensionfund Sabic held its stake in shares of Vornado Realty Trust (NYSE:VNO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,237 shares of the real estate investment trust’s stock at the end of the first quarter. Pensionfund Sabic’s holdings in Vornado Realty Trust were worth $1,127,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VNO. DnB Asset Management AS raised its stake in shares of Vornado Realty Trust by 6.3% in the third quarter. DnB Asset Management AS now owns 11,728 shares of the real estate investment trust’s stock worth $1,187,000 after buying an additional 700 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Vornado Realty Trust during the third quarter worth $734,000. Fiduciary Group LLC raised its stake in shares of Vornado Realty Trust by 130.2% in the third quarter. Fiduciary Group LLC now owns 7,625 shares of the real estate investment trust’s stock worth $772,000 after buying an additional 4,313 shares in the last quarter. Conning Inc. raised its stake in shares of Vornado Realty Trust by 0.4% in the third quarter. Conning Inc. now owns 5,390 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 20 shares in the last quarter. Finally, Henderson Group PLC raised its stake in shares of Vornado Realty Trust by 20.9% in the third quarter. Henderson Group PLC now owns 22,063 shares of the real estate investment trust’s stock worth $2,233,000 after buying an additional 3,821 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

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

Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.39% on Thursday, hitting $101.79. The stock had a trading volume of 552,069 shares. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 23.48 and a beta of 0.88. Vornado Realty Trust has a 1-year low of $86.35 and a 1-year high of $111.72. The firm has a 50 day moving average of $103.17 and a 200-day moving average of $101.51.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.18. Vornado Realty Trust had a return on equity of 4.57% and a net margin of 36.19%. The company earned $638.26 million during the quarter, compared to analysts’ expectations of $637.56 million. During the same quarter last year, the business earned $1.27 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts predict that Vornado Realty Trust will post $2.19 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Pensionfund Sabic Holds Stake in Vornado Realty Trust (VNO)” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/04/20/vornado-realty-trust-vno-position-maintained-by-pensionfund-sabic-updated.html.

Several brokerages have commented on VNO. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b+” rating in a report on Monday, February 13th. Barclays PLC cut their target price on Vornado Realty Trust from $103.00 to $101.00 and set a “hold” rating on the stock in a report on Monday, January 23rd. Deutsche Bank AG lifted their target price on Vornado Realty Trust from $97.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, March 20th. Finally, Evercore ISI lifted their target price on Vornado Realty Trust from $113.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, March 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $110.93.

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.

5 Day Chart for NYSE:VNO

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply