Schroder Investment Management Group lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 32.2% during the second quarter, Holdings Channel reports. The firm owned 44,722 shares of the real estate investment trust’s stock after selling 21,273 shares during the period. Schroder Investment Management Group’s holdings in Vornado Realty Trust were worth $4,478,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in VNO. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Vornado Realty Trust by 5.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,215 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 60 shares during the last quarter. Price Michael F purchased a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $246,000. Checchi Capital Advisers LLC boosted its stake in shares of Vornado Realty Trust by 11.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,590 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 258 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of Vornado Realty Trust by 20.8% in the first quarter. Fox Run Management L.L.C. now owns 2,900 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 500 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Vornado Realty Trust during the second quarter valued at approximately $300,000. 89.93% of the stock is currently owned by institutional investors.
Vornado Realty Trust (NYSE:VNO) traded up 0.65% on Tuesday, reaching $100.55. 320,559 shares of the company’s stock traded hands. Vornado Realty Trust has a 52-week low of $78.91 and a 52-week high of $108.69. The firm has a market capitalization of $18.99 billion, a PE ratio of 35.62 and a beta of 0.96. The firm’s 50 day moving average price is $102.91 and its 200 day moving average price is $98.02.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.04. The firm had revenue of $621.71 million for the quarter, compared to the consensus estimate of $621.30 million. Vornado Realty Trust had a return on equity of 5.24% and a net margin of 24.56%. Vornado Realty Trust’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. On average, analysts predict that Vornado Realty Trust will post $4.88 EPS for the current fiscal year.
Several brokerages recently commented on VNO. Barclays PLC reissued an “equal weight” rating and set a $103.00 target price on shares of Vornado Realty Trust in a report on Thursday, June 23rd. Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. TheStreet cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Vetr cut Vornado Realty Trust from a “strong-buy” rating to a “buy” rating and set a $108.00 target price on the stock. in a report on Wednesday, June 8th. Finally, Citigroup Inc. boosted their target price on Vornado Realty Trust from $106.00 to $116.50 and gave the stock a “buy” rating in a report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $105.93.
In other news, Director Russell B. Wight, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were purchased at an average cost of $102.53 per share, with a total value of $205,060.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.72% of the company’s stock.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.
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