Tower Research Capital LLC TRC Trims Holdings in Vornado Realty Trust (NYSE:VNO)

Tower Research Capital LLC TRC trimmed its position in shares of Vornado Realty Trust (NYSE:VNO – Get Rating) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,195 shares of the real estate investment trust’s stock after selling 662 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Vornado Realty Trust were worth $167,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Vornado Realty Trust by 10.8% during the 1st quarter. State Street Corp now owns 13,527,974 shares of the real estate investment trust’s stock valued at $613,088,000 after acquiring an additional 1,319,443 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Vornado Realty Trust by 1,840.4% during the 2nd quarter. Millennium Management LLC now owns 1,335,925 shares of the real estate investment trust’s stock valued at $38,194,000 after acquiring an additional 1,267,078 shares during the last quarter. First Pacific Advisors LP purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at about $23,168,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Vornado Realty Trust by 22.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,868,704 shares of the real estate investment trust’s stock valued at $139,196,000 after acquiring an additional 891,435 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Vornado Realty Trust by 10.9% during the 2nd quarter. Franklin Resources Inc. now owns 7,854,642 shares of the real estate investment trust’s stock valued at $224,563,000 after acquiring an additional 773,547 shares during the last quarter. 75.97% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Up 0.6 %

Shares of VNO opened at $18.76 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 5.03 and a quick ratio of 5.03. Vornado Realty Trust has a 1 year low of $18.57 and a 1 year high of $47.26. The company has a 50 day simple moving average of $22.07 and a two-hundred day simple moving average of $23.30. The firm has a market cap of $3.60 billion, a P/E ratio of -8.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39.

Vornado Realty Trust (NYSE:VNO – Get Rating) last announced its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.57). Vornado Realty Trust had a negative net margin of 19.25% and a positive return on equity of 3.01%. The company had revenue of $446.94 million for the quarter, compared to analysts’ expectations of $452.88 million. During the same period last year, the business earned $0.81 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Vornado Realty Trust will post 2.73 earnings per share for the current fiscal year.

Vornado Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Monday, January 30th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend was Friday, January 27th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently -70.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho upgraded shares of Vornado Realty Trust from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $23.00 in a research note on Wednesday, January 4th. StockNews.com cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. BMO Capital Markets cut shares of Vornado Realty Trust from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $26.00 to $18.00 in a research note on Friday, March 3rd. Citigroup cut shares of Vornado Realty Trust from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $24.00 to $19.00 in a research note on Wednesday, December 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vornado Realty Trust from $25.00 to $22.00 in a research note on Wednesday, January 4th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $22.13.

Vornado Realty Trust Profile

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.