Macquarie Group Ltd. Lowers Position in Vornado Realty Trust (VNO)

Macquarie Group Ltd. trimmed its position in Vornado Realty Trust (NYSE:VNO) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,357 shares of the real estate investment trust’s stock after selling 14,319 shares during the quarter. Macquarie Group Ltd. owned approximately 0.13% of Vornado Realty Trust worth $15,623,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Global Endowment Management LP increased its position in Vornado Realty Trust by 248.6% in the fourth quarter. Global Endowment Management LP now owns 12,900 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 9,200 shares during the period. Ffcm LLC acquired a new stake in Vornado Realty Trust in the third quarter worth about $1,044,000. Neuberger Berman Group LLC increased its position in Vornado Realty Trust by 13.2% in the third quarter. Neuberger Berman Group LLC now owns 537,094 shares of the real estate investment trust’s stock worth $41,292,000 after purchasing an additional 62,429 shares during the period. Teacher Retirement System of Texas acquired a new stake in Vornado Realty Trust in the fourth quarter worth about $3,625,000. Finally, AMP Capital Investors Ltd increased its position in Vornado Realty Trust by 79.4% in the third quarter. AMP Capital Investors Ltd now owns 230,455 shares of the real estate investment trust’s stock worth $17,716,000 after purchasing an additional 101,986 shares during the period. Hedge funds and other institutional investors own 88.82% of the company’s stock.

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Vornado Realty Trust (NYSE VNO) opened at $65.15 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1-year low of $64.80 and a 1-year high of $82.68. The stock has a market capitalization of $12,377.46, a PE ratio of 76.65, a price-to-earnings-growth ratio of 3.97 and a beta of 0.90.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The firm had revenue of $536.23 million for the quarter, compared to analysts’ expectations of $532.81 million. During the same quarter last year, the business earned $3.43 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts expect that Vornado Realty Trust will post 3.87 EPS for the current year.

VNO has been the subject of a number of research reports. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Friday, December 15th. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Sandler O’Neill set a $76.00 target price on Vornado Realty Trust and gave the stock a “buy” rating in a report on Thursday, March 15th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.62.

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About Vornado Realty Trust

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

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