M&T Bank Corp Boosts Stake in Vornado Realty Trust (NYSE:VNO)

M&T Bank Corp boosted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 7.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 42,770 shares of the real estate investment trust’s stock after buying an additional 3,055 shares during the quarter. M&T Bank Corp’s holdings in Vornado Realty Trust were worth $1,685,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Vornado Realty Trust by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 300,160 shares of the real estate investment trust’s stock valued at $11,826,000 after buying an additional 6,804 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Vornado Realty Trust by 4.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 208,930 shares of the real estate investment trust’s stock worth $8,232,000 after acquiring an additional 8,130 shares during the period. MML Investors Services LLC purchased a new position in Vornado Realty Trust during the third quarter valued at approximately $248,000. XTX Topco Ltd bought a new position in shares of Vornado Realty Trust in the third quarter worth approximately $1,468,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Vornado Realty Trust in the third quarter worth approximately $17,655,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 1.0 %

NYSE VNO opened at $44.66 on Friday. The stock has a 50 day moving average price of $42.55 and a 200-day moving average price of $34.81. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The company has a market capitalization of $8.51 billion, a P/E ratio of -154.00 and a beta of 1.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter last year, the business earned $0.66 EPS. Vornado Realty Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a $0.74 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.96 annualized dividend and a yield of 6.63%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is currently -103.45%.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Evercore ISI boosted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group lifted their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research note on Thursday, September 12th. Finally, Compass Point boosted their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.58.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.