Tower Research Capital LLC TRC Sells 1,444 Shares of Vornado Realty Trust (NYSE:VNO)

Tower Research Capital LLC TRC lessened its holdings in Vornado Realty Trust (NYSE:VNO) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,180 shares of the real estate investment trust’s stock after selling 1,444 shares during the period. Tower Research Capital LLC TRC’s holdings in Vornado Realty Trust were worth $524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its position in Vornado Realty Trust by 2.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 138,670 shares of the real estate investment trust’s stock valued at $8,889,000 after acquiring an additional 2,931 shares during the last quarter. Long Pond Capital LP increased its position in Vornado Realty Trust by 69.1% during the second quarter. Long Pond Capital LP now owns 4,674,336 shares of the real estate investment trust’s stock valued at $299,625,000 after acquiring an additional 1,910,770 shares during the last quarter. HighTower Advisors LLC increased its position in Vornado Realty Trust by 4.1% during the second quarter. HighTower Advisors LLC now owns 62,307 shares of the real estate investment trust’s stock valued at $3,974,000 after acquiring an additional 2,463 shares during the last quarter. AXA increased its position in Vornado Realty Trust by 1.8% during the second quarter. AXA now owns 56,516 shares of the real estate investment trust’s stock valued at $3,623,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Profund Advisors LLC increased its position in Vornado Realty Trust by 18.7% during the second quarter. Profund Advisors LLC now owns 13,999 shares of the real estate investment trust’s stock valued at $897,000 after acquiring an additional 2,202 shares during the last quarter. Institutional investors own 77.74% of the company’s stock.

A number of research analysts have weighed in on VNO shares. Argus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Barclays reiterated a “hold” rating and set a $76.00 price objective on shares of Vornado Realty Trust in a research report on Thursday, July 18th. BMO Capital Markets reiterated a “buy” rating and set a $79.00 price objective on shares of Vornado Realty Trust in a research report on Wednesday, July 31st. Citigroup cut their price objective on shares of Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, SunTrust Banks set a $72.00 price objective on shares of Vornado Realty Trust and gave the company a “buy” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $74.88.



Shares of VNO traded down $0.71 during trading hours on Wednesday, reaching $62.62. 417,666 shares of the company traded hands, compared to its average volume of 1,148,037. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 4.80 and a beta of 0.99. Vornado Realty Trust has a 12-month low of $58.60 and a 12-month high of $75.32. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average price is $61.64 and its 200 day moving average price is $65.54.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, research analysts forecast that Vornado Realty Trust will post 3.46 earnings per share for the current year.

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: Hedge Funds – Risk or Reward?

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

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.