Sarasin & Partners LLP lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,669 shares of the real estate investment trust’s stock after acquiring an additional 10,354 shares during the quarter. Sarasin & Partners LLP owned approximately 0.09% of Vornado Realty Trust worth $11,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Vornado Realty Trust by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 2,758,196 shares of the real estate investment trust’s stock valued at $170,842,000 after acquiring an additional 212,918 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Vornado Realty Trust by 41.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 15,149 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 4,452 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at about $382,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at about $288,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at approximately $212,000. Institutional investors own 77.40% of the company’s stock.
Shares of VNO traded down $0.05 on Tuesday, hitting $64.19. The company’s stock had a trading volume of 30,155 shares, compared to its average volume of 820,707. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 2.06. The business has a fifty day moving average of $65.30. Vornado Realty Trust has a fifty-two week low of $59.48 and a fifty-two week high of $77.59. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 3.85 and a beta of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Friday, August 2nd. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 70.21%.
VNO has been the subject of several research analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $20.00 price objective on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. Morgan Stanley lowered Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 22nd. BMO Capital Markets boosted their price objective on Dollarama from C$35.00 to C$45.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Scotiabank lowered Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and decreased their price objective for the company from $114.00 to $107.00 in a research report on Tuesday, July 9th. Finally, ValuEngine upgraded United States Steel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $76.38.
Vornado Realty Trust 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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