Korea Investment CORP decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 78.4% in the fourth quarter, HoldingsChannel reports. The firm owned 1,989 shares of the real estate investment trust’s stock after selling 7,211 shares during the period. Korea Investment CORP’s holdings in Vornado Realty Trust were worth $123,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Vornado Realty Trust by 33.3% in the 4th quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 247 shares in the last quarter. Next Capital Management LLC bought a new stake in Vornado Realty Trust during the 4th quarter valued at $64,000. Federated Investors Inc. PA raised its holdings in Vornado Realty Trust by 22.1% during the 3rd quarter. Federated Investors Inc. PA now owns 2,551 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 461 shares during the last quarter. Enlightenment Research LLC bought a new stake in Vornado Realty Trust during the 4th quarter valued at $180,000. Finally, FDx Advisors Inc. bought a new stake in Vornado Realty Trust during the 4th quarter valued at $221,000. 79.38% of the stock is owned by institutional investors.
Shares of NYSE VNO opened at $67.29 on Monday. The company has a debt-to-equity ratio of 2.33, a current ratio of 4.00 and a quick ratio of 4.00. Vornado Realty Trust has a 12 month low of $59.48 and a 12 month high of $77.59. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 4.08 and a beta of 1.11.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.72). Vornado Realty Trust had a return on equity of 8.15% and a net margin of 20.22%. The company had revenue of $543.42 million during the quarter, compared to the consensus estimate of $544.79 million. During the same quarter last year, the company posted $1.10 earnings per share. Equities research analysts expect that Vornado Realty Trust will post 3.92 EPS for the current year.
In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 126,074 shares of the company’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $64.23, for a total value of $8,097,733.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.04% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on the stock. Barclays reiterated a “hold” rating and set a $68.00 price target on shares of Vornado Realty Trust in a report on Friday, December 21st. Sandler O’Neill lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. Finally, JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $74.00 to $72.00 in a report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $78.89.
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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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