Alpine Woods Capital Investors LLC Decreases Position in Vornado Realty Trust (VNO)
Alpine Woods Capital Investors LLC trimmed its position in shares of Vornado Realty Trust (NYSE:VNO) by 40.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,975 shares of the real estate investment trust’s stock after selling 3,438 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Vornado Realty Trust were worth $363,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VNO. Point72 Hong Kong Ltd purchased a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $122,000. Federated Investors Inc. PA raised its holdings in shares of Vornado Realty Trust by 5,125.0% during the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 2,050 shares in the last quarter. KAMES CAPITAL plc purchased a new position in shares of Vornado Realty Trust during the 3rd quarter valued at about $186,000. Linscomb & Williams Inc. purchased a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $211,000. Finally, Quantum Capital Management purchased a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $213,000. 80.13% of the stock is currently owned by institutional investors.
VNO opened at $70.41 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 4.64 and a current ratio of 4.64. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $79.56. The company has a market cap of $13.35 billion, a P/E ratio of 18.88, a P/E/G ratio of 4.63 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 5th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 2nd. This represents a $2.52 annualized dividend and a yield of 3.58%. Vornado Realty Trust’s payout ratio is 67.56%.
A number of equities analysts recently weighed in on the company. SunTrust Banks reissued a “buy” rating and set a $85.00 price objective on shares of Vornado Realty Trust in a report on Thursday, August 16th. Scotiabank assumed coverage on Vornado Realty Trust in a report on Tuesday, October 16th. They set an “underperform” rating on the stock. Citigroup decreased their price objective on Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 29th. ValuEngine raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Vornado Realty Trust in a report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $79.80.
About Vornado Realty Trust
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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