Mitsubishi UFJ Trust & Banking Corp Sells 4,571 Shares of Vornado Realty Trust (VNO)
Mitsubishi UFJ Trust & Banking Corp cut its stake in Vornado Realty Trust (NYSE:VNO) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,127 shares of the real estate investment trust’s stock after selling 4,571 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of Vornado Realty Trust worth $31,938,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in 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 valued at $102,000 after buying an additional 419 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in 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 valued at $130,000 after buying an additional 500 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in Vornado Realty Trust during the first quarter valued at approximately $139,000. Advisors Asset Management Inc. raised its stake in 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 in the last quarter. Finally, Exane Asset Management acquired a new stake in Vornado Realty Trust during the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
Vornado Realty Trust (NYSE VNO) opened at 74.49 on Friday. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 16.09 and a beta of 0.97. The firm has a 50-day moving average of $76.98 and a 200-day moving average of $79.22. Vornado Realty Trust has a 12-month low of $73.02 and a 12-month high of $111.72.
Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm 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%. Vornado Realty Trust’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Equities research analysts forecast that Vornado Realty Trust will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, August 3rd. Vornado Realty Trust’s payout ratio is currently 51.72%.
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Several equities research analysts recently commented on VNO shares. Citigroup Inc. decreased their price objective on shares of Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and issued a $113.00 price objective (up from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Argus upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Thursday, August 24th. TheStreet lowered shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Finally, Barclays PLC decreased their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $96.60.
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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