Vornado Realty Trust (VNO) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. raised its stake in Vornado Realty Trust (NYSE:VNO) by 474.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,972 shares of the real estate investment trust’s stock after buying an additional 4,933 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Vornado Realty Trust were worth $461,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Vornado Realty Trust by 62.1% in the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of Vornado Realty Trust by 13,866.7% in the 2nd quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,248 shares during the last quarter. Exane Asset Management bought a new position in shares of Vornado Realty Trust in the 2nd quarter worth $187,000. Perigon Wealth Management LLC increased its holdings in shares of Vornado Realty Trust by 56.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 785 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 48.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 719 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

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Vornado Realty Trust (VNO) traded up $0.35 during mid-day trading on Friday, hitting $75.61. 763,900 shares of the company traded hands, compared to its average volume of 1,190,377. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. Vornado Realty Trust has a 52 week low of $71.89 and a 52 week high of $89.38. The company has a market cap of $14,356.68, a price-to-earnings ratio of 18.53, a P/E/G ratio of 4.59 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.90. The business had revenue of $528.76 million during the quarter, compared to analysts’ expectations of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. equities analysts predict that Vornado Realty Trust will post 3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, November 3rd. This represents a $2.40 annualized dividend and a yield of 3.17%. Vornado Realty Trust’s payout ratio is currently 57.97%.

A number of brokerages have recently commented on VNO. Evercore ISI reissued an “outperform” rating and issued a $87.00 price target (up previously from $86.00) on shares of Vornado Realty Trust in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday. Sandler O’Neill reissued a “buy” rating and issued a $90.00 price target on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Barclays PLC reissued a “hold” rating and issued a $80.00 price target on shares of Vornado Realty Trust in a report on Thursday, October 19th. Finally, Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Vornado Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $93.67.

About Vornado Realty Trust

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

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

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