Ajo LP purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 14,630 shares of the real estate investment trust’s stock, valued at approximately $1,374,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of Vornado Realty Trust by 62.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 419 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Vornado Realty Trust by 62.5% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Vornado Realty Trust in the 1st quarter valued at approximately $139,000. Advisors Asset Management Inc. grew its holdings in Vornado Realty Trust by 98.9% in the 1st quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 741 shares during the last quarter. Finally, Exane Asset Management acquired a new stake in Vornado Realty Trust in the 2nd quarter valued at approximately $187,000. 85.95% of the stock is owned by institutional investors.
VNO has been the topic of a number of research analyst reports. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $78.00 target price (down previously from $81.00) on shares of Vornado Realty Trust in a report on Friday, September 1st. TheStreet downgraded Vornado Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Barclays PLC reduced their price objective on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Finally, Evercore ISI upgraded Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 price objective for the company in a research report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Vornado Realty Trust has an average rating of “Hold” and an average price target of $96.30.
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Shares of Vornado Realty Trust (NYSE VNO) opened at 73.37 on Wednesday. Vornado Realty Trust has a 1-year low of $69.81 and a 1-year high of $90.32. The stock has a 50 day moving average price of $75.53 and a 200 day moving average price of $77.86. The firm has a market capitalization of $13.90 billion, a PE ratio of 15.85 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. During the same period in the prior year, the company earned $1.21 EPS. Vornado Realty Trust’s revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Vornado Realty Trust will post $1.22 earnings per share for the current fiscal year.
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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