KCG Holdings Inc. increased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 241.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,126 shares of the real estate investment trust’s stock after buying an additional 12,114 shares during the period. KCG Holdings Inc.’s holdings in Vornado Realty Trust were worth $1,718,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in VNO. Foresters Investment Management Company Inc. raised its stake in Vornado Realty Trust by 10.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 28,056 shares of the real estate investment trust’s stock valued at $2,886,000 after buying an additional 2,544 shares in the last quarter. Ellington Management Group LLC bought a new stake in Vornado Realty Trust during the fourth quarter valued at about $449,000. Tudor Investment Corp Et Al raised its stake in Vornado Realty Trust by 1,330.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 29,616 shares of the real estate investment trust’s stock valued at $3,091,000 after buying an additional 27,545 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in Vornado Realty Trust during the fourth quarter valued at about $1,607,000. Finally, Envestnet Asset Management Inc. raised its stake in Vornado Realty Trust by 15.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,226 shares of the real estate investment trust’s stock valued at $2,946,000 after buying an additional 3,850 shares in the last quarter. 91.92% of the stock is owned by institutional investors and hedge funds.
Vornado Realty Trust (VNO) traded down 0.54% during trading on Monday, hitting $93.37. The stock had a trading volume of 854,874 shares. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 18.03 and a beta of 0.96. Vornado Realty Trust has a 52-week low of $86.35 and a 52-week high of $111.72. The firm’s 50-day moving average price is $93.75 and its 200-day moving average price is $101.53.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.64. Vornado Realty Trust had a return on equity of 6.84% and a net margin of 42.35%. The firm had revenue of $620.85 million for the quarter, compared to analysts’ expectations of $642 million. During the same period last year, the firm earned ($0.61) EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts predict that Vornado Realty Trust will post $1.50 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on VNO shares. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. Deutsche Bank AG upped their price objective on Vornado Realty Trust from $97.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, March 20th. Evercore ISI upped their price objective on Vornado Realty Trust from $113.00 to $114.00 and gave the stock an “in-line” rating in a research note on Monday, March 27th. Barclays PLC upped their price objective on Vornado Realty Trust from $101.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $107.79.
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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