Keybank National Association OH Lowers Stake in Vornado Realty Trust (VNO)
Keybank National Association OH reduced its stake in Vornado Realty Trust (NYSE:VNO) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,928 shares of the real estate investment trust’s stock after selling 75 shares during the period. Keybank National Association OH’s holdings in Vornado Realty Trust were worth $294,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Vornado Realty Trust by 1.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,404 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 20 shares during the period. Advisors Asset Management Inc. increased its position in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 741 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Vornado Realty Trust by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 16 shares during the period. First Allied Advisory Services Inc. acquired a new position in shares of Vornado Realty Trust during the fourth quarter valued at $210,000. Finally, Atria Investments LLC acquired a new position in shares of Vornado Realty Trust during the first quarter valued at $219,000. Institutional investors own 90.25% of the company’s stock.
Shares of Vornado Realty Trust (VNO) opened at 92.87 on Monday. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 17.94 and a beta of 0.88. Vornado Realty Trust has a 52-week low of $86.35 and a 52-week high of $111.72. The firm has a 50-day moving average price of $95.65 and a 200 day moving average price of $101.76.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.64. Vornado Realty Trust had a return on equity of 4.57% and a net margin of 36.19%. The firm had revenue of $620.85 million for the quarter, compared to the consensus estimate of $642 million. During the same period in the previous year, the business earned ($0.61) earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Vornado Realty Trust will post $1.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were paid a $0.71 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.06%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 65.59%.
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Several equities analysts recently weighed in on VNO shares. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b+” rating in a report on Monday, February 13th. Barclays PLC increased their price target on shares of Vornado Realty Trust from $101.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 28th. Deutsche Bank AG increased their price target on shares of Vornado Realty Trust from $97.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, March 20th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $107.00 price target (down previously from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $109.64.
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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