Vornado Realty Trust (VNO) Holdings Increased by Gideon Capital Advisors Inc.

Gideon Capital Advisors Inc. raised its position in shares of Vornado Realty Trust (NYSE:VNO) by 28.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,593 shares of the real estate investment trust’s stock after acquiring an additional 3,852 shares during the period. Vornado Realty Trust accounts for 0.6% of Gideon Capital Advisors Inc.’s investment portfolio, making the stock its 29th biggest position. Gideon Capital Advisors Inc.’s holdings in Vornado Realty Trust were worth $1,284,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VNO. CIBC Asset Management Inc grew its holdings in shares of 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 in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Vornado Realty Trust by 3.5% during the 3rd quarter. Dupont Capital Management Corp now owns 23,668 shares of the real estate investment trust’s stock valued at $1,728,000 after acquiring an additional 808 shares in the last quarter. KCS Wealth Advisory grew its holdings in shares of Vornado Realty Trust by 6.7% during the 2nd quarter. KCS Wealth Advisory now owns 12,952 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 813 shares in the last quarter. Fiduciary Group LLC grew its holdings in shares of Vornado Realty Trust by 4.3% during the 2nd quarter. Fiduciary Group LLC now owns 22,592 shares of the real estate investment trust’s stock valued at $1,670,000 after acquiring an additional 926 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in shares of Vornado Realty Trust by 28.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 4,165 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 927 shares in the last quarter. 79.80% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on VNO shares. BMO Capital Markets restated a “buy” rating on shares of Vornado Realty Trust in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, October 1st. SunTrust Banks restated a “buy” rating and set a $85.00 price target on shares of Vornado Realty Trust in a report on Thursday, August 16th. Citigroup lowered their price target on shares of Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $79.80.

Shares of NYSE:VNO opened at $69.40 on Monday. The firm has a market capitalization of $13.21 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 4.59 and a beta of 0.90. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $79.56. 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 issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business 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 for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, equities analysts anticipate that Vornado Realty Trust will post 3.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Friday, November 2nd. Vornado Realty Trust’s dividend payout ratio is presently 67.56%.

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About Vornado Realty Trust

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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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)

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