United Services Automobile Association lessened its stake in shares of Vornado Realty Trust (NYSE:VNO) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,919 shares of the real estate investment trust’s stock after selling 604 shares during the quarter. United Services Automobile Association’s holdings in Vornado Realty Trust were worth $3,407,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of VNO. DNB Asset Management AS raised its position in Vornado Realty Trust by 2.3% in the 4th quarter. DNB Asset Management AS now owns 20,496 shares of the real estate investment trust’s stock valued at $1,271,000 after purchasing an additional 468 shares during the last quarter. Virtu Financial LLC bought a new position in Vornado Realty Trust in the 4th quarter valued at $235,000. Landsberg Bennett & Dubbaneh LLC bought a new position in Vornado Realty Trust in the 4th quarter valued at $431,000. Stevens Capital Management LP bought a new position in Vornado Realty Trust in the 4th quarter valued at $4,659,000. Finally, Bank of Nova Scotia raised its position in Vornado Realty Trust by 6.2% in the 4th quarter. Bank of Nova Scotia now owns 37,079 shares of the real estate investment trust’s stock valued at $2,300,000 after purchasing an additional 2,160 shares during the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.
Several brokerages have issued reports on VNO. Barclays reiterated a “hold” rating and issued a $68.00 price objective on shares of Vornado Realty Trust in a research report on Friday, December 21st. Sandler O’Neill downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Finally, JPMorgan Chase & Co. downgraded Vornado Realty Trust from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $74.00 to $72.00 in a research report on Wednesday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $78.89.
NYSE VNO opened at $66.82 on Friday. The firm has a market capitalization of $12.73 billion, a PE ratio of 17.77, a PEG ratio of 3.64 and a beta of 1.11. Vornado Realty Trust has a 52 week low of $59.48 and a 52 week high of $77.59. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.33.
Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.72). The firm had revenue of $543.42 million during the quarter, compared to analyst estimates of $544.79 million. Vornado Realty Trust had a net margin of 20.22% and a return on equity of 8.15%. During the same period last year, the business posted $1.10 earnings per share. As a group, equities research analysts expect that Vornado Realty Trust will post 4.23 EPS for the current year.
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Vornado Realty Trust Company Profile
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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