Lenox Wealth Management Inc. increased its stake in Vornado Realty Trust (NYSE:VNO) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,205 shares of the real estate investment trust’s stock after acquiring an additional 1,260 shares during the period. Lenox Wealth Management Inc.’s holdings in Vornado Realty Trust were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amica Pension Fund Board of Trustees bought a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at about $2,739,000. Ffcm LLC bought a new position in Vornado Realty Trust during the 3rd quarter valued at approximately $1,044,000. Norinchukin Bank The raised its position in Vornado Realty Trust by 12.3% during the 3rd quarter. Norinchukin Bank The now owns 13,422 shares of the real estate investment trust’s stock valued at $1,032,000 after purchasing an additional 1,469 shares during the last quarter. AMP Capital Investors Ltd raised its position in Vornado Realty Trust by 79.4% during the 3rd quarter. AMP Capital Investors Ltd now owns 230,455 shares of the real estate investment trust’s stock valued at $17,716,000 after purchasing an additional 101,986 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Vornado Realty Trust by 44.2% during the 3rd quarter. Janus Henderson Group PLC now owns 49,728 shares of the real estate investment trust’s stock valued at $3,823,000 after purchasing an additional 15,239 shares during the last quarter. 85.96% of the stock is owned by institutional investors.

Vornado Realty Trust (VNO) opened at $72.74 on Thursday. Vornado Realty Trust has a 52-week low of $70.40 and a 52-week high of $89.38. The stock has a market capitalization of $13,883.87, a P/E ratio of 17.57, a PEG ratio of 4.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.90. The firm had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. research analysts expect that Vornado Realty Trust will post 3.9 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 29th will be paid a $0.63 dividend. The ex-dividend date is Friday, January 26th. This represents a $2.52 annualized dividend and a dividend yield of 3.46%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s dividend payout ratio is presently 57.97%.

A number of research analysts have commented on the company. Zacks Investment Research lowered Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $81.00 to $84.00 in a research report on Tuesday, October 10th. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. SunTrust Banks raised Vornado Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Vornado Realty Trust currently has a consensus rating of “Buy” and an average target price of $91.75.

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Vornado Realty Trust Company Profile

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.

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

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