Allianz Asset Management GmbH boosted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 163,191 shares of the real estate investment trust’s stock after buying an additional 6,186 shares during the period. Allianz Asset Management GmbH’s holdings in Vornado Realty Trust were worth $12,759,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in VNO. First Trust Advisors LP raised its position in Vornado Realty Trust by 52.3% during the third quarter. First Trust Advisors LP now owns 104,698 shares of the real estate investment trust’s stock valued at $8,049,000 after acquiring an additional 35,959 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Vornado Realty Trust during the third quarter valued at approximately $1,019,000. American Century Companies Inc. purchased a new position in Vornado Realty Trust during the third quarter valued at approximately $47,992,000. Swiss National Bank raised its position in Vornado Realty Trust by 0.9% during the third quarter. Swiss National Bank now owns 627,443 shares of the real estate investment trust’s stock valued at $48,238,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its position in Vornado Realty Trust by 33.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 792 shares in the last quarter. Institutional investors own 82.25% of the company’s stock.
Shares of Vornado Realty Trust (NYSE VNO) opened at $68.21 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Vornado Realty Trust has a 1-year low of $65.16 and a 1-year high of $85.40. The company has a market capitalization of $12,846.71, a P/E ratio of 80.25, a price-to-earnings-growth ratio of 4.11 and a beta of 0.90.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, January 29th were paid a $0.63 dividend. The ex-dividend date was Friday, January 26th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.69%. Vornado Realty Trust’s payout ratio is currently 296.47%.
Several brokerages recently weighed in on VNO. TheStreet cut Vornado Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, February 13th. Sandler O’Neill set a $75.00 price objective on Vornado Realty Trust and gave the company a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 29th. SunTrust Banks set a $78.00 price objective on Vornado Realty Trust and gave the company a “buy” rating in a report on Tuesday, March 6th. Finally, Barclays reissued a “hold” rating and issued a $75.00 price objective on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $87.25.
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Vornado Realty Trust 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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