IFM Investors Pty Ltd Increases Holdings in Vornado Realty Trust (NYSE:VNO)

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IFM Investors Pty Ltd lifted its position in Vornado Realty Trust (NYSE:VNO) by 82.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,647 shares of the real estate investment trust’s stock after purchasing an additional 8,886 shares during the quarter. IFM Investors Pty Ltd’s holdings in Vornado Realty Trust were worth $1,251,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. raised its position in shares of Vornado Realty Trust by 22.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 179,376 shares of the real estate investment trust’s stock worth $12,097,000 after purchasing an additional 32,822 shares during the last quarter. Pensionfund DSM Netherlands raised its position in Vornado Realty Trust by 118.9% in the 2nd quarter. Pensionfund DSM Netherlands now owns 60,765 shares of the real estate investment trust’s stock worth $3,895,000 after buying an additional 33,000 shares during the last quarter. Pensionfund Sabic raised its position in Vornado Realty Trust by 195.8% in the 2nd quarter. Pensionfund Sabic now owns 33,237 shares of the real estate investment trust’s stock worth $2,130,000 after buying an additional 22,000 shares during the last quarter. WINTON GROUP Ltd raised its position in Vornado Realty Trust by 38.2% in the 2nd quarter. WINTON GROUP Ltd now owns 559,536 shares of the real estate investment trust’s stock worth $35,866,000 after buying an additional 154,615 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Vornado Realty Trust by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 80,957 shares of the real estate investment trust’s stock worth $5,189,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

A number of equities analysts have weighed in on VNO shares. Citigroup decreased their target price on Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Morgan Stanley lowered Vornado Realty Trust from an “overweight” rating to an “equal” rating and decreased their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 11th. SunTrust Banks set a $72.00 target price on Vornado Realty Trust and gave the stock a “buy” rating in a research report on Monday, August 26th. ValuEngine raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group started coverage on Vornado Realty Trust in a research report on Friday. They issued a “neutral” rating and a $69.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $73.13.

Shares of Vornado Realty Trust stock traded up $0.82 during trading hours on Friday, reaching $65.77. 801,204 shares of the stock traded hands, compared to its average volume of 1,062,663. The company has a 50 day moving average price of $63.72 and a 200 day moving average price of $64.50. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 5.00 and a beta of 0.97. Vornado Realty Trust has a one year low of $58.60 and a one year high of $72.50. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.10.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.46). The firm had revenue of $465.96 million for the quarter, compared to the consensus estimate of $457.27 million. Vornado Realty Trust had a net margin of 151.59% and a return on equity of 4.90%. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that Vornado Realty Trust will post 3.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.01%. Vornado Realty Trust’s dividend payout ratio is currently 70.21%.

Vornado Realty Trust Profile

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

Further Reading: How interest rates affect municipal bond prices

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

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