Deltec Asset Management LLC continued to hold its stake in Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,955 shares of the real estate investment trust’s stock at the end of the second quarter. Deltec Asset Management LLC’s holdings in Vornado Realty Trust were worth $696,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in VNO. Los Angeles Capital Management & Equity Research Inc. increased its stake in Vornado Realty Trust by 39.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 62,760 shares of the real estate investment trust’s stock valued at $5,926,000 after buying an additional 17,846 shares in the last quarter. Virginia Retirement System purchased a new stake in Vornado Realty Trust during the first quarter valued at about $16,817,000. Nisa Investment Advisors L.L.C. increased its stake in Vornado Realty Trust by 41.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 61,553 shares of the real estate investment trust’s stock valued at $5,812,000 after buying an additional 18,100 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in Vornado Realty Trust during the first quarter valued at about $348,000. Finally, Sarasin & Partners LLP increased its stake in Vornado Realty Trust by 1.3% in the first quarter. Sarasin & Partners LLP now owns 142,780 shares of the real estate investment trust’s stock valued at $13,483,000 after buying an additional 1,809 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.
Vornado Realty Trust (NYSE:VNO) traded up 1.40% during trading on Wednesday, reaching $101.58. The company had a trading volume of 656,165 shares. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 35.98 and a beta of 0.96. The company has a 50-day moving average price of $102.59 and a 200 day moving average price of $98.10. Vornado Realty Trust has a one year low of $78.91 and a one year high of $108.69.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Vornado Realty Trust had a net margin of 24.56% and a return on equity of 5.24%. The firm earned $621.71 million during the quarter, compared to the consensus estimate of $621.30 million. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Vornado Realty Trust will post $4.87 earnings per share for the current year.
Several analysts have issued reports on the company. TheStreet raised Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Argus reaffirmed a “hold” rating on shares of Vornado Realty Trust in a research report on Tuesday, August 30th. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st. Citigroup Inc. lifted their target price on Vornado Realty Trust from $106.00 to $116.50 and gave the company a “buy” rating in a research report on Thursday, July 7th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $103.00 target price on shares of Vornado Realty Trust in a research report on Thursday, June 23rd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.93.
In related news, Director Russell B. Wight, Jr. acquired 2,000 shares of the stock in a transaction dated Wednesday, August 17th. The shares were purchased at an average price of $102.53 per share, for a total transaction of $205,060.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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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