Amalgamated Bank Has $1.32 Million Stake in Vornado Realty Trust (NYSE:VNO)

Amalgamated Bank cut its stake in Vornado Realty Trust (NYSE:VNO) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,237 shares of the real estate investment trust’s stock after selling 415 shares during the period. Amalgamated Bank’s holdings in Vornado Realty Trust were worth $1,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNO. Utah Retirement Systems raised its holdings in shares of Vornado Realty Trust by 0.4% during the 4th quarter. Utah Retirement Systems now owns 44,940 shares of the real estate investment trust’s stock worth $2,789,000 after buying an additional 200 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Vornado Realty Trust by 5.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,390 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 224 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Vornado Realty Trust by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 26,175 shares of the real estate investment trust’s stock worth $1,624,000 after buying an additional 225 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Vornado Realty Trust by 33.3% during the 4th quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 247 shares in the last quarter. Finally, Tredje AP fonden raised its holdings in shares of Vornado Realty Trust by 2.4% during the 4th quarter. Tredje AP fonden now owns 10,569 shares of the real estate investment trust’s stock worth $656,000 after buying an additional 251 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE VNO traded up $0.54 during trading on Friday, reaching $69.85. The company had a trading volume of 431,597 shares, compared to its average volume of 970,295. 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 $13.22 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 4.27 and a beta of 1.11. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.33.

Vornado Realty Trust (NYSE:VNO) last released its quarterly 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 net margin of 20.22% and a return on equity of 8.15%. 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 firm posted $1.10 EPS. As a group, analysts forecast that Vornado Realty Trust will post 3.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.78%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 70.21%.

A number of equities analysts have issued reports on the company. Morgan Stanley set a $72.00 target price on Vornado Realty Trust and gave the stock a “buy” rating in a report on Monday. Deutsche Bank lowered their target price on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. BMO Capital Markets reaffirmed a “sell” rating and issued a $82.00 target price on shares of Vornado Realty Trust in a report on Wednesday. Finally, Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $77.33.

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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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