Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Vornado Realty Trust (VNO)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Vornado Realty Trust (NYSE:VNO) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,066 shares of the real estate investment trust’s stock after selling 5,692 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vornado Realty Trust were worth $5,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KAMES CAPITAL plc acquired a new stake in Vornado Realty Trust during the third quarter valued at $186,000. Federated Investors Inc. PA grew its position in Vornado Realty Trust by 22.1% during the third 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 period. Virtu Financial LLC acquired a new stake in Vornado Realty Trust during the fourth quarter valued at $235,000. Lourd Capital LLC acquired a new stake in Vornado Realty Trust during the third quarter valued at $250,000. Finally, Ridgewood Investments LLC acquired a new stake in Vornado Realty Trust during the third quarter valued at $254,000. 80.09% of the stock is owned by institutional investors and hedge funds.

VNO opened at $68.89 on Thursday. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 2.36. Vornado Realty Trust has a twelve month low of $59.48 and a twelve month high of $77.59. The stock has a market cap of $13.30 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 4.38 and a beta of 1.14.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.72). Vornado Realty Trust had a return on equity of 8.55% and a net margin of 16.89%. The firm had revenue of $543.42 million for the quarter, compared to analysts’ expectations of $544.79 million. During the same period last year, the firm earned $1.10 earnings per share. Equities analysts predict that Vornado Realty Trust will post 3.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, January 28th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, January 25th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.63. This represents a $2.64 dividend on an annualized basis and a yield of 3.83%. Vornado Realty Trust’s payout ratio is 70.78%.

Several analysts recently commented on VNO shares. JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $74.00 to $72.00 in a research report on Wednesday, December 19th. Barclays reiterated a “hold” rating and issued a $68.00 target price on shares of Vornado Realty Trust in a research report on Friday, December 21st. Citigroup dropped their target price on shares of Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research reiterated a “hold” rating on shares of Vornado Realty Trust in a research report on Saturday, November 17th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $78.60.

In other news, EVP Joseph Macnow sold 23,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $70.80, for a total value of $1,628,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael D. Fascitelli sold 126,074 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $64.23, for a total transaction of $8,097,733.02. The disclosure for this sale can be found here. 10.04% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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