Metropolitan Life Insurance Co. NY cut its holdings in Vornado Realty Trust (NYSE:VNO) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,137 shares of the real estate investment trustâ€™s stock after selling 756 shares during the period. Metropolitan Life Insurance Co. NYâ€™s holdings in Vornado Realty Trust were worth $2,597,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VNO. Tower Research Capital LLC TRC raised its position in Vornado Realty Trust by 489.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,008 shares of the real estate investment trustâ€™s stock worth $1,109,000 after purchasing an additional 12,463 shares during the period. Quantum Capital Management purchased a new position in Vornado Realty Trust in the 2nd quarter worth $213,000. Vident Investment Advisory LLC purchased a new position in Vornado Realty Trust in the 2nd quarter worth $546,000. Paloma Partners Management Co purchased a new position in Vornado Realty Trust in the 2nd quarter worth $2,586,000. Finally, Macquarie Group Ltd. raised its position in Vornado Realty Trust by 217.1% in the 2nd quarter. Macquarie Group Ltd. now owns 383,985 shares of the real estate investment trustâ€™s stock worth $28,384,000 after purchasing an additional 262,892 shares during the period. Institutional investors and hedge funds own 79.04% of the companyâ€™s stock.
Shares of Vornado Realty Trust stock opened at $73.52 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 9.00 and a beta of 0.90. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $80.30.
Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The firm had revenue of $541.80 million during the quarter, compared to analystsâ€™ expectations of $539.78 million. During the same period last year, the firm posted $1.25 earnings per share. The firmâ€™s quarterly revenue was up 6.0% on a year-over-year basis. research analysts predict that Vornado Realty Trust will post 3.88 EPS for the current year.
A number of equities research analysts have issued reports on the stock. Argus raised their price target on shares of Vornado Realty Trust from $76.00 to $82.00 and gave the stock a â€śbuyâ€ť rating in a report on Tuesday, July 3rd. ValuEngine raised shares of Vornado Realty Trust from a â€śsellâ€ť rating to a â€śholdâ€ť rating in a report on Wednesday, August 15th. SunTrust Banks reissued a â€śbuyâ€ť rating and issued a $85.00 price target on shares of Vornado Realty Trust in a report on Thursday, August 16th. Morgan Stanley cut their target price on shares of Vornado Realty Trust from $78.00 to $76.00 and set an â€śoverweightâ€ť rating on the stock in a research note on Thursday, June 14th. Finally, Deutsche Bank cut their target price on shares of Vornado Realty Trust from $82.00 to $80.00 and set a â€śholdâ€ť rating on the stock in a research note on Tuesday, June 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the companyâ€™s stock. Vornado Realty Trust has a consensus rating of â€śBuyâ€ť and an average target price of $80.44.
Vornado Realty Trust Company 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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