Trust Co. of Virginia VA Trims Position in Vornado Realty Trust (VNO)
Trust Co. of Virginia VA lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 3.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,509 shares of the real estate investment trust’s stock after selling 142 shares during the period. Trust Co. of Virginia VA’s holdings in Vornado Realty Trust were worth $423,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its position in Vornado Realty Trust by 62.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 419 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Vornado Realty Trust by 62.5% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 500 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in Vornado Realty Trust during the 1st quarter worth $139,000. Advisors Asset Management Inc. grew its position in Vornado Realty Trust by 98.9% during the 1st quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 741 shares during the last quarter. Finally, Exane Asset Management bought a new stake in Vornado Realty Trust during the 2nd quarter worth $187,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
Shares of Vornado Realty Trust (VNO) traded up 1.12% on Monday, reaching $74.73. The company’s stock had a trading volume of 49,649 shares. The stock has a 50 day moving average of $76.27 and a 200-day moving average of $78.58. Vornado Realty Trust has a 12 month low of $69.81 and a 12 month high of $90.32. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The firm had revenue of $626.04 million for the quarter, compared to analysts’ expectations of $633.19 million. During the same period last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts anticipate that Vornado Realty Trust will post $1.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.25%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 51.72%.
A number of brokerages recently weighed in on VNO. Morgan Stanley restated an “equal weight” rating and set a $78.00 price objective (down previously from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Stifel Nicolaus lowered Vornado Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $86.00 to $77.00 in a research report on Wednesday, August 30th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Argus upgraded 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. Finally, Evercore ISI restated an “outperform” rating and set a $87.00 price objective (up previously from $86.00) on shares of Vornado Realty Trust in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $96.30.
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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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