Several other institutional investors also recently bought and sold shares of the company. Standard Life Investments LTD raised its position in Vornado Realty Trust by 843.0% in the third quarter. Standard Life Investments LTD now owns 1,342,028 shares of the real estate investment trust’s stock valued at $135,813,000 after buying an additional 1,199,719 shares during the last quarter. Bank of New York Mellon Corp raised its position in Vornado Realty Trust by 43.0% in the second quarter. Bank of New York Mellon Corp now owns 3,553,344 shares of the real estate investment trust’s stock valued at $355,762,000 after buying an additional 1,068,681 shares during the last quarter. JPMorgan Chase & Co. raised its position in Vornado Realty Trust by 23.7% in the third quarter. JPMorgan Chase & Co. now owns 4,508,628 shares of the real estate investment trust’s stock valued at $456,317,000 after buying an additional 865,285 shares during the last quarter. Prudential Financial Inc. raised its position in Vornado Realty Trust by 309.5% in the third quarter. Prudential Financial Inc. now owns 1,016,116 shares of the real estate investment trust’s stock valued at $102,842,000 after buying an additional 767,957 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. bought a new position in Vornado Realty Trust during the second quarter valued at about $54,478,000. Institutional investors own 90.25% of the company’s stock.
Brookfield Asset Management Inc. lowered its stake in Vornado Realty Trust (NYSE:VNO) by 23.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,873,949 shares of the real estate investment trust’s stock after selling 581,293 shares during the period. Vornado Realty Trust comprises about 1.1% of Brookfield Asset Management Inc.’s holdings, making the stock its 11th largest position. Brookfield Asset Management Inc.’s holdings in Vornado Realty Trust were worth $189,662,000 at the end of the most recent reporting period.
Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.57% during trading on Monday, hitting $105.84. The company had a trading volume of 55,996 shares. The stock has a 50-day moving average of $105.41 and a 200 day moving average of $100.97. Vornado Realty Trust has a 12-month low of $80.48 and a 12-month high of $108.69. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 49.90 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Monday, January 30th will be issued a dividend of $0.71 per share. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.63. This represents a $2.84 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, January 26th. Vornado Realty Trust’s dividend payout ratio (DPR) is 133.96%.
VNO has been the subject of several analyst reports. J P Morgan Chase & Co boosted their target price on Vornado Realty Trust from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 30th. Bank of America Corporation upgraded Vornado Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $114.00 in a research report on Friday, November 11th. Finally, Barclays PLC decreased their target price on Vornado Realty Trust from $103.00 to $101.00 and set a “hold” rating for the company in a research report on Monday, January 23rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Vornado Realty Trust presently has an average rating of “Buy” and a consensus price target of $107.61.
In other Vornado Realty Trust news, insider Mitchell N. Schear sold 15,000 shares of the business’s stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $102.64, for a total value of $1,539,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Macnow sold 40,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $102.98, for a total value of $4,119,200.00. Following the completion of the sale, the executive vice president now owns 30,000 shares in the company, valued at $3,089,400. The disclosure for this sale can be found here. Company insiders own 9.72% of the company’s stock.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.
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