Crossmark Global Holdings Inc. cut its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 11,290 shares of the real estate investment trust’s stock after selling 1,196 shares during the period. Crossmark Global Holdings Inc.’s holdings in Vornado Realty Trust were worth $700,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cohen & Steers Inc. boosted its holdings in Vornado Realty Trust by 178.0% during the third quarter. Cohen & Steers Inc. now owns 4,433,521 shares of the real estate investment trust’s stock worth $323,647,000 after purchasing an additional 2,838,504 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Vornado Realty Trust by 3,128.9% during the third quarter. Daiwa Securities Group Inc. now owns 1,226,412 shares of the real estate investment trust’s stock worth $89,528,000 after purchasing an additional 1,188,430 shares during the last quarter. American Century Companies Inc. purchased a new position in Vornado Realty Trust during the third quarter worth about $30,569,000. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Vornado Realty Trust by 140.4% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 537,228 shares of the real estate investment trust’s stock worth $39,218,000 after purchasing an additional 313,770 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Vornado Realty Trust by 28.2% during the third quarter. Russell Investments Group Ltd. now owns 1,290,936 shares of the real estate investment trust’s stock worth $93,689,000 after purchasing an additional 283,805 shares during the last quarter. 80.09% of the stock is owned by institutional investors.
VNO opened at $68.60 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 4.64 and a current ratio of 4.64. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 4.38 and a beta of 1.14. Vornado Realty Trust has a twelve month low of $59.48 and a twelve month high of $77.59.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, January 28th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.85%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, January 25th. Vornado Realty Trust’s payout ratio is presently 70.78%.
Several research analysts recently weighed in on VNO shares. JPMorgan Chase & Co. cut shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $74.00 to $72.00 in a report on Wednesday, December 19th. Citigroup cut their price target on shares of Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Sandler O’Neill cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of Vornado Realty Trust in a report on Monday, October 29th. Finally, Barclays restated a “hold” rating and set a $68.00 price target on shares of Vornado Realty Trust in a report on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Vornado Realty Trust has an average rating of “Hold” and an average target price of $78.60.
In other Vornado Realty Trust news, EVP Joseph Macnow sold 23,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $70.80, for a total value of $1,628,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael D. Fascitelli sold 126,074 shares of the business’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $64.23, for a total transaction of $8,097,733.02. The disclosure for this sale can be found here. 10.04% of the stock is owned by insiders.
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Vornado Realty Trust Profile
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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