Vornado Realty Trust (NYSE:VNO) Shares Acquired by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC increased its position in Vornado Realty Trust (NYSE:VNO) by 444.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,956 shares of the real estate investment trust’s stock after acquiring an additional 385,333 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Vornado Realty Trust were worth $19,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VNO. Principal Financial Group Inc. grew its holdings in shares of Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. grew its holdings in Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Bamco Inc. NY acquired a new stake in Vornado Realty Trust during the 3rd quarter valued at $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Vornado Realty Trust by 381.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after buying an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC grew its holdings in Vornado Realty Trust by 2,021.1% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after buying an additional 947,562 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the topic of several research reports. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point raised their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Evercore ISI lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Trading Down 1.7 %

NYSE VNO opened at $39.40 on Wednesday. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 984.88, a PEG ratio of 9.69 and a beta of 1.62. The firm’s 50 day moving average price is $41.41 and its two-hundred day moving average price is $40.49.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.51%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is 1,850.00%.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.