Meadow Creek Investment Management LLC grew its position in shares of Vornado Realty Trust (NYSE:VNO) by 12.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,150 shares of the real estate investment trust’s stock after purchasing an additional 1,836 shares during the period. Meadow Creek Investment Management LLC’s holdings in Vornado Realty Trust were worth $1,194,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of VNO. Linscomb & Williams Inc. purchased a new stake in shares of Vornado Realty Trust during the second quarter valued at approximately $211,000. Fieldpoint Private Securities LLC raised its stake in shares of Vornado Realty Trust by 95.5% during the second quarter. Fieldpoint Private Securities LLC now owns 3,225 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 1,575 shares during the period. Sentry Investments Corp. purchased a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $249,000. IBM Retirement Fund raised its stake in shares of Vornado Realty Trust by 47.6% during the first quarter. IBM Retirement Fund now owns 3,799 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,226 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $276,000. Institutional investors own 79.06% of the company’s stock.
A number of analysts have recently issued reports on VNO shares. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of Vornado Realty Trust in a research note on Monday, July 30th. Argus lifted their price objective on shares of Vornado Realty Trust from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Deutsche Bank dropped their price objective on shares of Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, June 26th. Finally, Morgan Stanley dropped their price target on shares of Vornado Realty Trust from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, June 14th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Vornado Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $80.44.
Shares of NYSE:VNO opened at $75.45 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62. The firm has a market capitalization of $14.65 billion, a P/E ratio of 20.23, a P/E/G ratio of 9.35 and a beta of 0.90. Vornado Realty Trust has a 12-month low of $64.13 and a 12-month high of $80.30.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $541.80 million during the quarter, compared to the consensus estimate of $539.78 million. Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. equities research analysts predict that Vornado Realty Trust will post 3.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Monday, August 6th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Friday, August 3rd. Vornado Realty Trust’s dividend payout ratio is presently 67.56%.
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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