AMP Capital Investors Ltd Acquires 101,986 Shares of Vornado Realty Trust (VNO)

AMP Capital Investors Ltd boosted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 79.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,455 shares of the real estate investment trust’s stock after buying an additional 101,986 shares during the period. AMP Capital Investors Ltd owned about 0.12% of Vornado Realty Trust worth $17,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VNO. Bessemer Group Inc. boosted its stake in Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Vornado Realty Trust by 14.5% in the 2nd quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 295 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Vornado Realty Trust by 11.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,496,837 shares of the real estate investment trust’s stock valued at $140,553,000 after purchasing an additional 151,551 shares in the last quarter. Granite Investment Advisors LLC boosted its stake in shares of Vornado Realty Trust by 105.8% in the 2nd quarter. Granite Investment Advisors LLC now owns 21,609 shares of the real estate investment trust’s stock valued at $1,688,000 after purchasing an additional 11,109 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Vornado Realty Trust by 17.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,439 shares of the real estate investment trust’s stock valued at $1,498,000 after purchasing an additional 2,332 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Several equities research analysts have recently commented on VNO shares. Argus upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Thursday, August 24th. Barclays restated a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Stifel Nicolaus downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $86.00 to $77.00 in a research note on Wednesday, August 30th. Finally, BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Vornado Realty Trust has a consensus rating of “Buy” and a consensus target price of $91.73.

Shares of Vornado Realty Trust (NYSE:VNO) traded up $0.93 during midday trading on Friday, reaching $76.99. 946,227 shares of the company traded hands, compared to its average volume of 950,411. The firm has a market cap of $14,442.11, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 4.58 and a beta of 0.99. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.90. The business had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. research analysts predict that Vornado Realty Trust will post 3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.40 annualized dividend and a yield of 3.12%. Vornado Realty Trust’s dividend payout ratio (DPR) is 57.97%.

ILLEGAL ACTIVITY NOTICE: This report was first published by Week Herald and is owned by of Week Herald. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://weekherald.com/2017/12/09/amp-capital-investors-ltd-acquires-101986-shares-of-vornado-realty-trust-vno.html.

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.

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply