Manning & Napier Group LLC Has $7.64 Million Stake in Vornado Realty Trust (VNO)

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Manning & Napier Group LLC trimmed its position in Vornado Realty Trust (NYSE:VNO) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,665 shares of the real estate investment trust’s stock after selling 2,325 shares during the quarter. Manning & Napier Group LLC owned about 0.06% of Vornado Realty Trust worth $7,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Vornado Realty Trust in the second quarter worth $122,000. Federated Investors Inc. PA lifted its stake in shares of Vornado Realty Trust by 5,125.0% in the second quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 2,050 shares during the last quarter. Linscomb & Williams Inc. acquired a new stake in shares of Vornado Realty Trust in the second quarter worth $211,000. Quantum Capital Management acquired a new stake in shares of Vornado Realty Trust in the second quarter worth $213,000. Finally, Fieldpoint Private Securities LLC lifted its stake in shares of Vornado Realty Trust by 95.5% in the second quarter. Fieldpoint Private Securities LLC now owns 3,225 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 1,575 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

A number of brokerages have recently weighed in on VNO. SunTrust Banks restated a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a research note on Thursday, August 16th. Argus boosted their price objective on shares of Vornado Realty Trust from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, July 3rd. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Deutsche Bank reduced their price objective on shares of Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, June 26th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of Vornado Realty Trust in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $79.78.

Shares of VNO stock opened at $67.46 on Friday. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $80.30. The firm has a market cap of $13.89 billion, a P/E ratio of 18.28, a P/E/G ratio of 8.75 and a beta of 0.91. The company has a debt-to-equity ratio of 2.41, a quick ratio of 5.62 and a current ratio of 5.62.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The company had revenue of $541.80 million for the quarter, compared to the consensus estimate of $539.78 million. During the same period last year, the firm posted $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that Vornado Realty Trust will post 3.88 EPS for the current year.

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

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