Pendal Group Ltd Cuts Stake in Vornado Realty Trust (NYSE:VNO)

Pendal Group Ltd trimmed its position in shares of Vornado Realty Trust (NYSE:VNO) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,000 shares of the real estate investment trust’s stock after selling 1,400 shares during the quarter. Pendal Group Ltd’s holdings in Vornado Realty Trust were worth $769,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Long Pond Capital LP grew its position in Vornado Realty Trust by 15.7% during the 1st quarter. Long Pond Capital LP now owns 2,763,566 shares of the real estate investment trust’s stock valued at $186,375,000 after purchasing an additional 374,700 shares during the last quarter. Geode Capital Management LLC grew its position in Vornado Realty Trust by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 2,758,196 shares of the real estate investment trust’s stock valued at $170,842,000 after purchasing an additional 212,918 shares during the last quarter. California Public Employees Retirement System grew its position in Vornado Realty Trust by 22.1% during the 1st quarter. California Public Employees Retirement System now owns 1,083,145 shares of the real estate investment trust’s stock valued at $73,047,000 after purchasing an additional 196,042 shares during the last quarter. Centersquare Investment Management LLC purchased a new stake in Vornado Realty Trust during the 1st quarter valued at about $59,355,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Vornado Realty Trust by 13.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 797,266 shares of the real estate investment trust’s stock valued at $51,105,000 after purchasing an additional 94,106 shares during the last quarter. 77.33% of the stock is currently owned by institutional investors.

Shares of NYSE VNO traded up $0.42 during trading on Friday, reaching $60.74. 31,839 shares of the company traded hands, compared to its average volume of 1,273,268. The firm has a 50 day simple moving average of $63.84 and a 200-day simple moving average of $66.74. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $11.51 billion, a PE ratio of 16.13, a P/E/G ratio of 4.61 and a beta of 0.97. Vornado Realty Trust has a 52-week low of $59.48 and a 52-week high of $77.59.



Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The company had revenue of $463.10 million for the quarter, compared to analysts’ expectations of $517.72 million. Vornado Realty Trust had a net margin of 139.71% and a return on equity of 8.53%. The business’s revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. As a group, research analysts predict that Vornado Realty Trust will post 3.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, August 2nd. Vornado Realty Trust’s payout ratio is presently 70.21%.

Several analysts recently commented on VNO shares. BMO Capital Markets reissued a “buy” rating and set a $79.00 price objective on shares of Vornado Realty Trust in a research report on Wednesday, July 31st. Scotiabank raised shares of Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, July 9th. ValuEngine raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. SunTrust Banks cut their price objective on shares of Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price 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.

Further Reading: Average Daily Trade Volume – ADTV

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

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