Uniplan Investment Counsel Inc. Buys 93,350 Shares of Vornado Realty Trust (VNO)
Uniplan Investment Counsel Inc. raised its stake in shares of Vornado Realty Trust (NYSE:VNO) by 31.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 389,472 shares of the real estate investment trust’s stock after buying an additional 93,350 shares during the period. Vornado Realty Trust comprises about 1.2% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 29th largest holding. Uniplan Investment Counsel Inc. owned 0.21% of Vornado Realty Trust worth $28,191,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of Vornado Realty Trust by 62.1% in the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 419 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Vornado Realty Trust by 62.5% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 500 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Vornado Realty Trust in the 1st quarter valued at about $139,000. Advisors Asset Management Inc. increased its stake in shares of Vornado Realty Trust by 98.9% in the 1st quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 741 shares in the last quarter. Finally, Exane Asset Management purchased a new position in shares of Vornado Realty Trust in the 2nd quarter valued at about $187,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
VNO has been the subject of several recent analyst reports. Bank of America Corporation restated a “buy” rating and issued a $113.00 price target (up previously from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Evercore ISI restated an “outperform” rating and issued a $86.00 price target (down previously from $106.00) on shares of Vornado Realty Trust in a research note on Friday, July 21st. Barclays PLC cut their price target on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus lowered Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $86.00 to $77.00 in a research note on Wednesday, August 30th. 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 stock. The company has an average rating of “Hold” and a consensus price target of $96.30.
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Vornado Realty Trust (NYSE VNO) traded up 0.77% during midday trading on Monday, reaching $74.47. The company’s stock had a trading volume of 115,812 shares. The company’s 50-day moving average is $76.27 and its 200 day moving average is $78.58. Vornado Realty Trust has a 52 week low of $69.81 and a 52 week high of $90.32. The firm has a market capitalization of $14.11 billion, a P/E ratio of 16.08 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. The firm had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Analysts expect that Vornado Realty Trust will post $1.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a $0.60 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. Vornado Realty Trust’s payout ratio is currently 51.72%.
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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