Westpac Banking Corp cut its stake in Vornado Realty Trust (NYSE:VNO) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,607 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. Westpac Banking Corp owned 0.07% of Vornado Realty Trust worth $7,987,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VNO. Geode Capital Management LLC boosted its holdings in Vornado Realty Trust by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 2,758,196 shares of the real estate investment trust’s stock valued at $170,842,000 after acquiring an additional 212,918 shares during the last quarter. DNB Asset Management AS boosted its holdings in shares of Vornado Realty Trust by 1.8% during the 1st quarter. DNB Asset Management AS now owns 20,864 shares of the real estate investment trust’s stock worth $1,407,000 after buying an additional 368 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of Vornado Realty Trust by 237.0% during the 1st quarter. Virtu Financial LLC now owns 12,750 shares of the real estate investment trust’s stock worth $860,000 after buying an additional 8,967 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Vornado Realty Trust by 1.1% during the 1st quarter. Retirement Systems of Alabama now owns 80,737 shares of the real estate investment trust’s stock worth $5,445,000 after buying an additional 902 shares in the last quarter. Finally, Pennsylvania Trust Co bought a new position in shares of Vornado Realty Trust during the 1st quarter worth approximately $662,000. Institutional investors and hedge funds own 77.33% of the company’s stock.

Shares of NYSE:VNO traded up $0.54 during trading on Thursday, reaching $60.73. 162,145 shares of the stock were exchanged, compared to its average volume of 1,259,897. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.87 and a current ratio of 4.87. Vornado Realty Trust has a 1-year low of $59.48 and a 1-year high of $77.59. The stock has a fifty day moving average price of $63.91. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 3.75 and a beta of 0.97.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). Vornado Realty Trust had a return on equity of 8.53% and a net margin of 139.71%. The firm had revenue of $463.10 million for the quarter, compared to analyst estimates of $517.72 million. During the same period in the previous year, the company earned $0.36 earnings per share. Vornado Realty Trust’s revenue for the quarter was down 14.5% compared to the same quarter last year. Equities analysts anticipate that Vornado Realty Trust will post 3.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, August 2nd. Vornado Realty Trust’s payout ratio is 70.21%.

VNO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Scotiabank upgraded Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a report on Tuesday, July 9th. SunTrust Banks cut their price target on Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets restated a “buy” rating and set a $79.00 price target on shares of Vornado Realty Trust in a report on Wednesday, July 31st. Finally, Morgan Stanley set a $72.00 price target on Vornado Realty Trust and gave the stock a “buy” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $76.00.

Vornado Realty Trust 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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