Vornado Realty Trust (VNO) Position Held by Ray Gerald L & Associates Ltd.
Ray Gerald L & Associates Ltd. held its stake in Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,700 shares of the real estate investment trust’s stock at the end of the second quarter. Ray Gerald L & Associates Ltd.’s holdings in Vornado Realty Trust were worth $723,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. increased its position in shares of Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 500 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Vornado Realty Trust during the first quarter worth $139,000. Advisors Asset Management Inc. increased its stake 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 worth $149,000 after buying an additional 741 shares during the last quarter. Finally, Exane Asset Management acquired a new stake in shares of Vornado Realty Trust during the second quarter worth $187,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.
Vornado Realty Trust (NYSE VNO) opened at 74.16 on Wednesday. Vornado Realty Trust has a 12 month low of $73.02 and a 12 month high of $111.72. The stock has a market cap of $14.05 billion, a PE ratio of 16.02 and a beta of 0.97. The stock’s 50 day moving average price is $77.18 and its 200-day moving average price is $79.53.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same period in the prior year, the company posted $1.21 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Vornado Realty Trust will post $1.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is presently 51.72%.
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A number of equities research analysts have weighed in on the company. Evercore ISI reiterated an “outperform” rating and issued a $87.00 target price (up from $86.00) on shares of Vornado Realty Trust in a report on Wednesday, August 2nd. Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $86.00 to $77.00 in a report on Wednesday. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, August 24th. Finally, Citigroup Inc. decreased their price objective on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating for the company in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $96.60.
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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