Daiwa Securities Group Inc. Has $2.36 Million Position in Vornado Realty Trust (VNO)

Daiwa Securities Group Inc. reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 99.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,162 shares of the real estate investment trust’s stock after selling 3,847,309 shares during the period. Daiwa Securities Group Inc.’s holdings in Vornado Realty Trust were worth $2,358,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Amica Pension Fund Board of Trustees bought a new position in Vornado Realty Trust during the 3rd quarter worth $2,739,000. Ffcm LLC bought a new position in Vornado Realty Trust during the 3rd quarter worth $1,044,000. AMP Capital Investors Ltd raised its position in Vornado Realty Trust by 79.4% during the 3rd quarter. AMP Capital Investors Ltd now owns 230,455 shares of the real estate investment trust’s stock worth $17,716,000 after purchasing an additional 101,986 shares during the last quarter. Neuberger Berman Group LLC raised its position in Vornado Realty Trust by 13.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 537,094 shares of the real estate investment trust’s stock worth $41,292,000 after purchasing an additional 62,429 shares during the last quarter. Finally, Norinchukin Bank The raised its position in Vornado Realty Trust by 12.3% during the 3rd quarter. Norinchukin Bank The now owns 13,422 shares of the real estate investment trust’s stock worth $1,032,000 after purchasing an additional 1,469 shares during the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.

Shares of Vornado Realty Trust (NYSE VNO) opened at $66.08 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $12,550.00, a PE ratio of 71.83, a price-to-earnings-growth ratio of 4.07 and a beta of 0.85. Vornado Realty Trust has a 1-year low of $65.29 and a 1-year high of $111.72.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The company had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a return on equity of 5.05% and a net margin of 9.10%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $3.43 EPS. sell-side analysts predict that Vornado Realty Trust will post 3.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 29th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, January 26th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a dividend yield of 3.81%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 273.91%.

A number of brokerages have weighed in on VNO. Sandler O’Neill set a $75.00 price target on Vornado Realty Trust and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Barclays reiterated a “hold” rating and set a $75.00 price target on shares of Vornado Realty Trust in a report on Wednesday, January 31st. JPMorgan Chase & Co. downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, December 15th. Finally, TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $88.09.

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Vornado Realty Trust Company 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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