Bank of Montreal Can cut its holdings in Vornado Realty Trust (NYSE:VNO) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057,880 shares of the real estate investment trust’s stock after selling 154,877 shares during the period. Bank of Montreal Can owned 0.58% of Vornado Realty Trust worth $76,728,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNO. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at about $9,175,000. Hornbeck Offshore Services Inc. purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at about $5,173,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at about $3,736,000. Bank of New York Mellon Corp increased its holdings in shares of Vornado Realty Trust by 67.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,251,075 shares of the real estate investment trust’s stock valued at $112,874,000 after purchasing an additional 908,667 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Vornado Realty Trust by 7.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,928,435 shares of the real estate investment trust’s stock valued at $115,751,000 after purchasing an additional 121,422 shares during the period. 95.77% of the stock is owned by institutional investors.
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Shares of VNO stock opened at $62.22 on Friday. Vornado Realty Trust has a twelve month low of $56.86 and a twelve month high of $80.29. The firm has a market capitalization of $13.97 billion, a PE ratio of 13.52, a P/E/G ratio of 2.03 and a beta of 0.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.16 and a quick ratio of 0.16.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($1.12). Vornado Realty Trust had a return on equity of 9.18% and a net margin of 27.14%. The firm had revenue of $521.24 million during the quarter, compared to analyst estimates of $503.04 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts expect that Vornado Realty Trust will post 5.75 EPS for the current fiscal year.
A number of research firms have recently commented on VNO. Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Raymond James set a $75.00 price objective on Vornado Realty Trust and gave the company a “hold” rating in a research note on Wednesday, December 5th.
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Vornado Realty Trust Company Profile
Vornado Realty Trust is a privately owned equity real estate investment trust. The Company operates through two segments: New York operations and Washington, D.C. operations. The Company's New York operations consist of ownership and operation of office, residential and retail properties located in New York City and the