Mirae Asset Global Investments Co. Ltd. Sells 1,765 Shares of Vornado Realty Trust (NYSE:VNO)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,569 shares of the real estate investment trust’s stock after selling 1,765 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Vornado Realty Trust were worth $191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP lifted its position in shares of Vornado Realty Trust by 112.0% during the 3rd quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock valued at $5,132,000 after buying an additional 68,813 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at about $4,015,000. JPMorgan Chase & Co. boosted its position in Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the period. Raymond James & Associates boosted its position in Vornado Realty Trust by 38.5% during the third quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock worth $7,735,000 after purchasing an additional 54,539 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $41.81 on Friday. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The company has a market cap of $7.97 billion, a PE ratio of -144.18 and a beta of 1.62. The stock has a 50-day moving average price of $42.13 and a 200-day moving average price of $39.46.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. As a group, equities analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VNO shares. Scotiabank raised their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Compass Point boosted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.98.

Vornado Realty Trust Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.