The Vornado Realty Trust (VNO) Shares Sold by Pacer Advisors Inc.

The Vornado Realty Trust (VNO) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 4,128 shares of the real estate investment trust’s stock after selling 24 shares during the period. Pacer Advisors Inc.’s holdings in Vornado Realty Trust were worth $418,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of Vornado Realty Trust by 2.8% in the third quarter. BlackRock Fund Advisors now owns 5,448,121 shares of the real estate investment trust’s stock worth $551,404,000 after buying an additional 145,952 shares during the period. Cbre Clarion Securities LLC raised its stake in shares of Vornado Realty Trust by 2.1% in the second quarter. Cbre Clarion Securities LLC now owns 5,407,105 shares of the real estate investment trust’s stock worth $541,359,000 after buying an additional 111,043 shares during the period. Lasalle Investment Management Securities LLC raised its stake in shares of Vornado Realty Trust by 9.4% in the third quarter. Lasalle Investment Management Securities LLC now owns 4,679,112 shares of the real estate investment trust’s stock worth $473,573,000 after buying an additional 403,682 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 worth $456,317,000 after buying an additional 865,285 shares during the period. Finally, Shinko Asset Management Co. Ltd. raised its stake in shares of Vornado Realty Trust by 4.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 4,117,548 shares of the real estate investment trust’s stock worth $416,737,000 after buying an additional 188,032 shares during the period. 87.51% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust (NYSE:VNO) traded down 0.93% on Thursday, hitting $105.21. The stock had a trading volume of 900,838 shares. Vornado Realty Trust has a 12 month low of $78.91 and a 12 month high of $108.69. The company has a market cap of $19.88 billion, a PE ratio of 49.60 and a beta of 0.89. The company has a 50-day moving average of $103.52 and a 200 day moving average of $100.37.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results 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 company earned $633.20 million during the quarter, compared to analyst estimates of $631.60 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Vornado Realty Trust will post $1.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Monday, January 30th will be given a $0.71 dividend. The ex-dividend date is Thursday, January 26th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.63. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.70%. Vornado Realty Trust’s payout ratio is 118.87%.

A number of equities research analysts have issued reports on VNO shares. JPMorgan Chase & Co. increased their price objective on shares of Vornado Realty Trust from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, November 30th. Bank of America Corp. raised shares of Vornado Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $108.00 to $114.00 in a report on Friday, November 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $107.83.

In other Vornado Realty Trust news, Director Daniel R. Tisch acquired 50,000 shares of the business’s stock in a transaction dated 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mitchell N. Schear sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The shares were 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 owned by 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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