Carnegie Capital Asset Management LLC increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,866 shares of the real estate investment trust’s stock after buying an additional 498 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Vornado Realty Trust were worth $1,226,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in VNO. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Vornado Realty Trust during the third quarter worth approximately $105,000. Global X Management Co. LLC raised its stake in shares of Vornado Realty Trust by 97.2% in the third quarter. Global X Management Co. LLC now owns 1,138 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 561 shares during the last quarter. Euclid Advisors LLC acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $120,000. Advisor Partners LLC acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $205,000. Finally, Raymond James Trust N.A. raised its stake in shares of Vornado Realty Trust by 0.7% in the third quarter. Raymond James Trust N.A. now owns 2,245 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 15 shares during the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.
Vornado Realty Trust (NYSE:VNO) traded down 0.93% during midday trading on Thursday, reaching $105.21. The company had a trading volume of 900,838 shares. Vornado Realty Trust has a 1-year low of $78.91 and a 1-year high of $108.69. The company has a market capitalization of $19.88 billion, a P/E ratio of 49.60 and a beta of 0.89. The firm has a 50-day moving average of $103.52 and a 200 day moving average of $100.37.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, October 31st. The real estate investment trust reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by $0.03. Vornado Realty Trust had a net margin of 19.48% and a return on equity of 4.98%. The business had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $631.60 million. During the same quarter in the previous year, the firm earned $1.21 EPS. Vornado Realty Trust’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Vornado Realty Trust will post $1.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, January 30th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.70%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, January 26th. Vornado Realty Trust’s dividend payout ratio is currently 118.87%.
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Vornado Realty Trust from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. Bank of America Corp. upgraded Vornado Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $108.00 to $114.00 in a report on Friday, November 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $107.83.
In other news, Director Daniel R. Tisch bought 50,000 shares of the stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average cost of $88.53 per share, for a total transaction of $4,426,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mitchell N. Schear sold 15,000 shares of the company’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 disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.
About Vornado Realty Trust
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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