Latest Stocks: Vornado Realty Trust (VNO) Shares Bought by Comerica Bank

Latest Stocks: Vornado Realty Trust (VNO) Shares Bought by Comerica Bank

Comerica Bank increased its stake in Vornado Realty Trust (NYSE:VNO) by 3.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,922 shares of the real estate investment trust’s stock after buying an additional 1,434 shares during the period. Comerica Bank’s holdings in Vornado Realty Trust were worth $4,818,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Vornado Realty Trust by 1.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,404 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 20 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 741 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Vornado Realty Trust by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 16 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in shares of Vornado Realty Trust during the fourth quarter valued at $210,000. Finally, Atria Investments LLC acquired a new position in shares of Vornado Realty Trust during the first quarter valued at $219,000. Institutional investors own 90.25% of the company’s stock.

Vornado Realty Trust (NYSE:VNO) opened at 93.26 on Tuesday. The company’s 50-day moving average is $95.59 and its 200 day moving average is $101.83. The company has a market capitalization of $17.66 billion, a P/E ratio of 18.01 and a beta of 0.88. Vornado Realty Trust has a one year low of $86.35 and a one year high of $111.72.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.64. The company had revenue of $620.85 million for the quarter, compared to analyst estimates of $642 million. Vornado Realty Trust had a net margin of 36.19% and a return on equity of 4.57%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.61) EPS. On average, equities analysts anticipate that Vornado Realty Trust will post $1.53 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were issued a $0.71 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $2.84 dividend on an annualized basis and a yield of 3.05%. Vornado Realty Trust’s dividend payout ratio (DPR) is 65.59%.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.64. The company had revenue of $620.85 million for the quarter, compared to analyst estimates of $642 million. Vornado Realty Trust had a net margin of 36.19% and a return on equity of 4.57%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.61) EPS. On average, equities analysts anticipate that Vornado Realty Trust will post $1.53 earnings per share for the current year. A number of research analysts recently weighed in on the stock. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b+” rating in a research note on Monday, February 13th. Barclays PLC lifted their target price on shares of Vornado Realty Trust from $101.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 28th. Deutsche Bank AG lifted their target price on shares of Vornado Realty Trust from $97.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, March 20th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $107.00 price target (down from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $109.64.

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