Alpine Woods Capital Investors LLC Reduces Position in Vornado Realty Trust (VNO)

Alpine Woods Capital Investors LLC decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,505 shares of the real estate investment trust’s stock after selling 1,145 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Vornado Realty Trust were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new stake in Vornado Realty Trust during the first quarter worth about $64,000. Whitener Capital Management Inc. raised its stake in Vornado Realty Trust by 46.1% during the first quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 300 shares during the period. Bessemer Group Inc. raised its stake in Vornado Realty Trust by 33.3% during the fourth quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 247 shares during the period. Next Capital Management LLC acquired a new stake in Vornado Realty Trust during the fourth quarter worth about $64,000. Finally, First Hawaiian Bank raised its stake in Vornado Realty Trust by 476.2% during the first quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 87.37% of the company’s stock.

NYSE VNO opened at $66.34 on Wednesday. Vornado Realty Trust has a 52 week low of $59.48 and a 52 week high of $77.59. 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 stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.32 and a beta of 1.10.



Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.78). Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The firm had revenue of $534.67 million during the quarter, compared to the consensus estimate of $583.32 million. During the same quarter last year, the company posted $0.30 EPS. Vornado Realty Trust’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts expect that Vornado Realty Trust will post 3.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, May 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 70.21%.

Several research analysts have commented on VNO shares. Deutsche Bank decreased their target price on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Morgan Stanley set a $72.00 target price on shares of Vornado Realty Trust and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets restated a “sell” rating and issued a $82.00 target price on shares of Vornado Realty Trust in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $77.33.

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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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