Vornado Realty Trust (VNO) Position Boosted by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 140.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 537,228 shares of the real estate investment trust’s stock after acquiring an additional 313,770 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Vornado Realty Trust were worth $39,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Vornado Realty Trust by 1.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,447 shares of the real estate investment trust’s stock valued at $4,099,000 after acquiring an additional 729 shares during the period. CIBC Asset Management Inc boosted its holdings in Vornado Realty Trust by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 16,949 shares of the real estate investment trust’s stock valued at $1,253,000 after acquiring an additional 785 shares during the period. Amalgamated Bank lifted its holdings in shares of Vornado Realty Trust by 3.7% in the 2nd quarter. Amalgamated Bank now owns 22,193 shares of the real estate investment trust’s stock worth $1,641,000 after buying an additional 801 shares during the period. KCS Wealth Advisory lifted its holdings in shares of Vornado Realty Trust by 6.7% in the 2nd quarter. KCS Wealth Advisory now owns 12,952 shares of the real estate investment trust’s stock worth $957,000 after buying an additional 813 shares during the period. Finally, Fiduciary Group LLC lifted its holdings in shares of Vornado Realty Trust by 4.3% in the 2nd quarter. Fiduciary Group LLC now owns 22,592 shares of the real estate investment trust’s stock worth $1,670,000 after buying an additional 926 shares during the period. Institutional investors own 79.02% of the company’s stock.

VNO has been the subject of several research reports. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a report on Monday, July 30th. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. SunTrust Banks reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a report on Thursday, August 16th. Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Monday, October 1st. Finally, Scotiabank initiated coverage on Vornado Realty Trust in a report on Tuesday, October 16th. They issued an “underperform” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $79.80.

Shares of VNO stock opened at $68.96 on Wednesday. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $79.56. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 4.63 and a beta of 0.90. The company has a debt-to-equity ratio of 2.36, a current ratio of 4.64 and a quick ratio of 4.64.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $542.05 million during the quarter, compared to the consensus estimate of $544.62 million. Vornado Realty Trust had a return on equity of 8.55% and a net margin of 16.89%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, equities analysts forecast that Vornado Realty Trust will post 3.83 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, November 2nd. Vornado Realty Trust’s payout ratio is 67.56%.

COPYRIGHT VIOLATION WARNING: This story was originally published by WKRB News and is the property of of WKRB News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.wkrb13.com/2018/11/07/vornado-realty-trust-vno-position-boosted-by-los-angeles-capital-management-equity-research-inc.html.

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.

Featured Article: How are Outstanding Shares Different from Authorized Shares?

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO).

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

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply