BlueCrest Capital Management Ltd grew its position in Vornado Realty Trust (NYSE:VNO) by 1,705.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,097 shares of the real estate investment trust’s stock after purchasing an additional 40,710 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Vornado Realty Trust were worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Vornado Realty Trust by 1.9% during the first quarter. Vanguard Group Inc. now owns 24,521,890 shares of the real estate investment trust’s stock worth $2,459,792,000 after acquiring an additional 457,208 shares during the last quarter. BlackRock Inc. raised its stake in Vornado Realty Trust by 2.9% during the second quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock valued at $1,539,465,000 after purchasing an additional 461,768 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Vornado Realty Trust by 28.0% during the second quarter. JPMorgan Chase & Co. now owns 5,869,084 shares of the real estate investment trust’s stock valued at $551,106,000 after purchasing an additional 1,284,107 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Vornado Realty Trust by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock valued at $429,864,000 after purchasing an additional 524,562 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Vornado Realty Trust by 1.3% during the second quarter. Northern Trust Corp now owns 2,763,777 shares of the real estate investment trust’s stock valued at $259,519,000 after purchasing an additional 35,361 shares in the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.
Vornado Realty Trust (VNO) traded down 0.45% during midday trading on Wednesday, hitting $77.93. The stock had a trading volume of 81,369 shares. The company has a 50-day moving average price of $75.98 and a 200-day moving average price of $77.06. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 16.83 and a beta of 1.00. Vornado Realty Trust has a 12-month low of $69.81 and a 12-month high of $90.32.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. Equities analysts anticipate that Vornado Realty Trust will post $1.25 EPS for the current year.
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Several equities research analysts have recently weighed in on the stock. Bank of America Corporation reissued a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Stifel Nicolaus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $86.00 to $77.00 in a report on Wednesday, August 30th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Evercore ISI reiterated an “outperform” rating and set a $86.00 target price (down from $106.00) on shares of Vornado Realty Trust in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Vornado Realty Trust has an average rating of “Buy” and a consensus price target of $95.58.
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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