Manning & Napier Advisors LLC purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,760 shares of the real estate investment trust’s stock, valued at approximately $1,903,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Vornado Realty Trust by 2.9% during the second quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock worth $1,539,465,000 after acquiring an additional 461,768 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vornado Realty Trust by 28.0% during the second quarter. JPMorgan Chase & Co. now owns 5,869,084 shares of the real estate investment trust’s stock worth $551,106,000 after acquiring an additional 1,284,107 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Vornado Realty Trust by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock worth $429,864,000 after acquiring an additional 524,562 shares during the last quarter. Northern Trust Corp increased its stake in Vornado Realty Trust by 1.3% during the second quarter. Northern Trust Corp now owns 2,763,777 shares of the real estate investment trust’s stock worth $259,519,000 after acquiring an additional 35,361 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Vornado Realty Trust by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,400,816 shares of the real estate investment trust’s stock worth $225,435,000 after acquiring an additional 74,310 shares during the last quarter. 85.46% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust (VNO) traded down $0.34 during trading on Tuesday, reaching $76.26. The company’s stock had a trading volume of 740,500 shares, compared to its average volume of 1,141,378. Vornado Realty Trust has a one year low of $71.89 and a one year high of $89.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $14,490.00, a PE ratio of 18.77, a PEG ratio of 4.58 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business had revenue of $528.76 million for the quarter, compared to analysts’ expectations of $545.53 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. analysts anticipate that Vornado Realty Trust will post 3.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 57.14%.

Several research firms have issued reports on VNO. Zacks Investment Research cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley restated an “equal weight” rating and set a $78.00 price target (down from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Evercore ISI restated an “outperform” rating and set a $87.00 price target (up from $86.00) on shares of Vornado Realty Trust in a research report on Wednesday, August 2nd. BidaskClub lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Sandler O’Neill restated a “buy” rating and set a $90.00 price target on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $93.67.

COPYRIGHT VIOLATION WARNING: “Manning & Napier Advisors LLC Takes $1.90 Million Position in Vornado Realty Trust (VNO)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/21/manning-napier-advisors-llc-takes-1-90-million-position-in-vornado-realty-trust-vno.html.

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.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Stock Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related stocks with our FREE daily email newsletter.