UBS Asset Management Americas Inc. Has $69.17 Million Stake in Vornado Realty Trust (VNO)

UBS Asset Management Americas Inc. lifted its stake in Vornado Realty Trust (NYSE:VNO) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 884,746 shares of the real estate investment trust’s stock after acquiring an additional 28,994 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.47% of Vornado Realty Trust worth $69,169,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new position in shares of Vornado Realty Trust in the third quarter worth $100,000. West Oak Capital LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter worth $138,000. Huntington National Bank boosted its holdings in shares of Vornado Realty Trust by 167.3% in the fourth quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,191 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Vornado Realty Trust by 56.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 718 shares during the period. Finally, IBM Retirement Fund bought a new position in shares of Vornado Realty Trust in the fourth quarter worth $201,000. 83.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Vornado Realty Trust (NYSE:VNO) opened at $66.53 on Friday. Vornado Realty Trust has a 12-month low of $65.16 and a 12-month high of $88.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $12,385.05, a price-to-earnings ratio of 16.59, a P/E/G ratio of 3.97 and a beta of 0.86.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The business had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. During the same quarter last year, the business posted $3.43 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts expect that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 29th were given a dividend of $0.63 per share. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, January 26th. This represents a $2.52 dividend on an annualized basis and a yield of 3.79%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 296.47%.

VNO has been the topic of a number of recent analyst reports. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. JPMorgan Chase & Co. downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research report on Friday, December 15th. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Barclays reiterated a “hold” rating and issued a $75.00 price objective on shares of Vornado Realty Trust in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $88.09.

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About Vornado Realty Trust

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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