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Mitsubishi UFJ Trust & Banking Corp Sells 219,678 Shares of Vornado Realty Trust (VNO)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 62.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,958 shares of the real estate investment trust’s stock after selling 219,678 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Vornado Realty Trust worth $9,779,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Vornado Realty Trust in the second quarter valued at approximately $122,000. Federated Investors Inc. PA lifted its holdings in Vornado Realty Trust by 5,125.0% in the second quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 2,050 shares during the last quarter. KAMES CAPITAL plc acquired a new position in Vornado Realty Trust in the third quarter valued at approximately $186,000. Linscomb & Williams Inc. acquired a new position in Vornado Realty Trust in the second quarter valued at approximately $211,000. Finally, Quantum Capital Management acquired a new position in Vornado Realty Trust in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 79.19% of the company’s stock.

In other news, EVP Joseph Macnow sold 23,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $70.80, for a total transaction of $1,628,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.04% of the stock is currently owned by corporate insiders.

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Vornado Realty Trust stock opened at $70.81 on Thursday. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $79.56. 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 firm has a market cap of $13.47 billion, a PE ratio of 18.98, a P/E/G ratio of 4.64 and a beta of 0.92.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Vornado Realty Trust had a return on equity of 8.55% and a net margin of 16.89%. The company had revenue of $542.05 million for the quarter, compared to analysts’ expectations of $544.62 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that Vornado Realty Trust will post 3.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Friday, November 2nd. Vornado Realty Trust’s dividend payout ratio is currently 67.56%.

A number of research analysts recently commented on VNO shares. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. BMO Capital Markets reiterated a “buy” rating on shares of Vornado Realty Trust in a report on Monday, October 15th. SunTrust Banks reiterated a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a report on Thursday, August 16th. Citigroup decreased their price target on Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Monday, October 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.80.

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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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