Pensionfund DSM Netherlands grew its stake in shares of Vornado Realty Trust (NYSE:VNO) by 118.9% in the 2nd quarter, Holdings Channel reports. The firm owned 60,765 shares of the real estate investment trust’s stock after acquiring an additional 33,000 shares during the quarter. Vornado Realty Trust comprises approximately 0.7% of Pensionfund DSM Netherlands’ holdings, making the stock its 28th biggest position. Pensionfund DSM Netherlands’ holdings in Vornado Realty Trust were worth $3,895,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. raised its stake in Vornado Realty Trust by 22.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 179,376 shares of the real estate investment trust’s stock valued at $12,097,000 after purchasing an additional 32,822 shares during the period. Cleararc Capital Inc. acquired a new position in shares of Vornado Realty Trust in the first quarter worth $284,000. Nordea Investment Management AB increased its stake in shares of Vornado Realty Trust by 420.5% in the first quarter. Nordea Investment Management AB now owns 40,741 shares of the real estate investment trust’s stock worth $2,747,000 after acquiring an additional 32,913 shares during the last quarter. Marshall Wace North America L.P. increased its stake in shares of Vornado Realty Trust by 28.5% in the first quarter. Marshall Wace North America L.P. now owns 11,070 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 2,453 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Vornado Realty Trust by 859.3% in the first quarter. Marshall Wace LLP now owns 13,095 shares of the real estate investment trust’s stock worth $883,000 after acquiring an additional 11,730 shares during the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
A number of research firms have recently weighed in on VNO. Barclays set a €81.00 ($94.19) price target on shares of Fresenius Medical Care AG & Co. KGaA and gave the stock a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley downgraded shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. BMO Capital Markets upped their price target on shares of Dollarama from C$35.00 to C$45.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Finally, Scotiabank downgraded shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the stock from $114.00 to $107.00 in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $76.38.
NYSE:VNO traded up $0.69 during trading hours on Tuesday, reaching $63.68. The company’s stock had a trading volume of 1,100,056 shares, compared to its average volume of 957,630. The company has a market cap of $12.04 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.97. Vornado Realty Trust has a one year low of $59.48 and a one year high of $77.59. The business has a 50-day moving average of $65.84. The company has a current ratio of 3.93, a quick ratio of 3.93 and a debt-to-equity ratio of 2.06.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). The business had revenue of $534.67 million during the quarter, compared to the consensus estimate of $583.32 million. Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. Sell-side analysts forecast that Vornado Realty Trust will post 3.7 EPS for the current fiscal 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.
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