Alpine Woods Capital Investors LLC Has $236,000 Holdings in Vornado Realty Trust (VNO)

Alpine Woods Capital Investors LLC cut its holdings in Vornado Realty Trust (NYSE:VNO) by 24.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,505 shares of the real estate investment trust’s stock after selling 1,145 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Vornado Realty Trust were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VNO. Bessemer Group Inc. grew its stake in shares of Vornado Realty Trust by 33.3% during the 4th quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 247 shares during the period. Next Capital Management LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at $64,000. Pearl River Capital LLC purchased a new stake in shares of Vornado Realty Trust during the 1st quarter valued at $64,000. Whitener Capital Management Inc. grew its stake in shares of Vornado Realty Trust by 46.1% during the 1st quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 300 shares during the period. Finally, First Hawaiian Bank grew its stake in shares of Vornado Realty Trust by 476.2% during the 1st quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 1,100 shares during the period. Institutional investors own 87.37% of the company’s stock.

Shares of Vornado Realty Trust stock opened at $66.34 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.93 and a quick ratio of 3.93. Vornado Realty Trust has a twelve month low of $59.48 and a twelve month high of $77.59. The firm has a market cap of $12.64 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 3.32 and a beta of 1.10.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.78). Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The business had revenue of $534.67 million for the quarter, compared to analysts’ expectations of $583.32 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Vornado Realty Trust will post 3.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.98%. Vornado Realty Trust’s dividend payout ratio (DPR) is 70.21%.

VNO has been the subject of several research reports. Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Morgan Stanley set a $72.00 price objective on shares of Vornado Realty Trust and gave the company a “buy” rating in a research note on Monday, April 22nd. BMO Capital Markets reissued a “sell” rating and set a $82.00 price objective on shares of Vornado Realty Trust in a research note on Wednesday, April 24th. Finally, Deutsche Bank lowered their price objective on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $77.33.

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

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