NN Investment Partners Holdings N.V. Lowers Stake in Vornado Realty Trust (NYSE:VNO)

NN Investment Partners Holdings N.V. lessened its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 39.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,757 shares of the real estate investment trust’s stock after selling 11,010 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Vornado Realty Trust were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Rational Advisors LLC lifted its stake in Vornado Realty Trust by 375.5% in the 1st quarter. Rational Advisors LLC now owns 718 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 567 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Vornado Realty Trust in the 1st quarter valued at about $64,000. Whitener Capital Management Inc. lifted its stake in Vornado Realty Trust by 46.1% in the 1st quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 300 shares during the last quarter. First Hawaiian Bank lifted its stake in Vornado Realty Trust by 476.2% in the 1st quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Vornado Realty Trust in the 1st quarter valued at about $120,000. 77.33% of the stock is currently owned by institutional investors and hedge funds.

VNO stock traded up $0.93 during midday trading on Friday, hitting $61.25. The stock had a trading volume of 3,481,300 shares, compared to its average volume of 1,292,897. The firm has a market cap of $11.49 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 1.14. Vornado Realty Trust has a 1-year low of $59.48 and a 1-year high of $77.59. The business has a fifty day moving average price of $63.79 and a two-hundred day moving average price of $66.71.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.72). Vornado Realty Trust had a net margin of 139.71% and a return on equity of 8.53%. The company had revenue of $463.10 million for the quarter, compared to analyst estimates of $517.72 million. During the same quarter in the prior year, the company posted $0.36 EPS. Vornado Realty Trust’s revenue for the quarter was down 14.5% on a year-over-year basis. On average, equities analysts anticipate that Vornado Realty Trust will post 3.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Friday, August 2nd. Vornado Realty Trust’s payout ratio is presently 70.21%.

VNO has been the subject of several research reports. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Morgan Stanley set a $72.00 price target on shares of Vornado Realty Trust and gave the company a “buy” rating in a research report on Monday, April 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $79.00 price target on shares of Vornado Realty Trust in a research report on Wednesday, July 31st. Scotiabank upgraded shares of Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, July 9th. Finally, Barclays reiterated a “hold” rating and issued a $76.00 price target on shares of Vornado Realty Trust in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $76.00.

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

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