Private Trust Co. NA Acquires 355 Shares of Vornado Realty Trust (NYSE:VNO)

Private Trust Co. NA grew its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 6.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,866 shares of the real estate investment trust’s stock after acquiring an additional 355 shares during the period. Private Trust Co. NA’s holdings in Vornado Realty Trust were worth $373,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Vornado Realty Trust by 0.9% during the second quarter. Vanguard Group Inc. now owns 27,908,668 shares of the real estate investment trust’s stock valued at $1,788,945,000 after acquiring an additional 237,767 shares during the last quarter. Long Pond Capital LP raised its stake in shares of 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. Invesco Ltd. raised its stake in shares of Vornado Realty Trust by 73.2% during the second quarter. Invesco Ltd. now owns 3,818,967 shares of the real estate investment trust’s stock valued at $244,796,000 after acquiring an additional 1,613,521 shares during the last quarter. Northern Trust Corp raised its stake in shares of Vornado Realty Trust by 2.3% during the second quarter. Northern Trust Corp now owns 2,892,911 shares of the real estate investment trust’s stock valued at $185,437,000 after acquiring an additional 65,059 shares during the last quarter. Finally, Nomura Holdings Inc. raised its stake in Vornado Realty Trust by 10,306.4% during the second quarter. Nomura Holdings Inc. now owns 2,610,659 shares of the real estate investment trust’s stock worth $167,686,000 after buying an additional 2,585,572 shares during the last quarter. 77.74% of the stock is owned by hedge funds and other institutional investors.

NYSE VNO traded up $0.17 during mid-day trading on Friday, reaching $63.60. 24,414 shares of the stock were exchanged, compared to its average volume of 1,498,493. Vornado Realty Trust has a one year low of $58.60 and a one year high of $72.50. The stock has a 50 day simple moving average of $61.86 and a 200-day simple moving average of $65.17. The stock has a market cap of $11.98 billion, a P/E ratio of 16.93, a P/E/G ratio of 4.77 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.87 and a quick ratio of 4.87.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.72). The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $517.72 million. Vornado Realty Trust had a return on equity of 8.53% and a net margin of 139.71%. Vornado Realty Trust’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Sell-side analysts anticipate that Vornado Realty Trust will post 3.46 EPS for the current fiscal year.

A number of brokerages recently weighed in on VNO. Argus downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. SunTrust Banks set a $72.00 target price on shares of Vornado Realty Trust and gave the stock a “buy” rating in a research note on Monday, August 26th. Citigroup lowered their target price on shares of Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, September 6th. ValuEngine raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets reissued a “buy” rating and set a $79.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $73.86.

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

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