Vornado Realty Trust (VNO) Stock Value Declined While Aew Capital Management LP Lowered Its Holding by $3.56 Million; As Entergy New (ETR) Valuation Rose, Foster & Motley Has Boosted by $712,530 Its Position

June 20, 2018 - By Ash

Vornado Realty Trust (NYSE:VNO) Logo

Foster & Motley Inc increased its stake in Entergy Corp New (ETR) by 31.59% based on its latest 2018Q1 regulatory filing with the SEC. Foster & Motley Inc bought 9,135 shares as the company’s stock rose 3.61% while stock markets declined. The institutional investor held 38,052 shares of the central company at the end of 2018Q1, valued at $3.00 million, up from 28,917 at the end of the previous reported quarter. Foster & Motley Inc who had been investing in Entergy Corp New for a number of months, seems to be bullish on the $14.46 billion market cap company. The stock increased 2.02% or $1.58 during the last trading session, reaching $79.98. About 2.61M shares traded or 73.13% up from the average. Entergy Corporation (NYSE:ETR) has risen 2.40% since June 20, 2017 and is uptrending. It has underperformed by 10.17% the S&P500. Some Historical ETR News: 04/05/2018 – Boston Partners Buys New 1.1% Position in Entergy; 06/03/2018 – ENTERGY’S PILGRIM 1 REACTOR IN MASSACHUSETTS SHUT ON WATER LEAK; 03/05/2018 – S&P REVISES ENTERGY LOUISIANA HOLDINGS INC. OUTLOOK TO ‘STABLE’ FROM ‘POSITIVE’; RATING ‘BBB+’; 30/05/2018 – Entergy Closes Above 200-Day Moving Average: Technicals; 20/03/2018 – Entergy New Orleans Provides Burns & McDonnell Notice to Proceed as EPC Contractor for New Orleans Power Station; 25/04/2018 – ENTERGY SEES 2018 SPECIAL ITEMS EFFECT $2.55 ON EPS; 03/05/2018 – New York power grid expects demand to decline through 2028; 25/04/2018 – ENTERGY CORP: REAFFIRMS FORECAST; 28/03/2018 – BURNS & MCDONNELL ADDS ENTERGY PROJECT TO $3.2B SLATE IN TEXAS,; 07/03/2018 – ENTERGY RESTARTS RIVER BEND NUCLEAR REACTOR IN LOUISIANA: NRC

Jeffrey Furber decreased its stake in Vornado Realty Trust (VNO) by 11.81% based on its latest 2018Q1 regulatory filing with the SEC. Aew Capital Management LP sold 53,190 shares as the company’s stock declined 0.57% with the market. The hedge fund run by Jeffrey Furber held 397,037 shares of the real estate investment trusts company at the end of 2018Q1, valued at $26.72M, down from 450,227 at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Vornado Realty Trust for a number of months, seems to be less bullish one the $14.54 billion market cap company. The stock decreased 0.58% or $0.42 during the last trading session, reaching $71.7. About 898,950 shares traded. Vornado Realty Trust (NYSE:VNO) has declined 9.86% since June 20, 2017 and is downtrending. It has underperformed by 22.43% the S&P500. Some Historical VNO News: 01/05/2018 – VORNADO EARNINGS CALL STARTS; 13/04/2018 – Vornado: 1Q Charges Also Include Expenses for Contested NYC Property Transfer Taxes and Write-Off of Series G and Series I Issuance Costs; 04/04/2018 – VORNADO RECALLS ELECTRIC SPACE HEATERS DUE TO FIRE,BURN HAZARDS; 06/04/2018 – VORNADO REALTY’S PARTNER IN 666 FIFTH AVE. IS KUSHNER COS; 03/04/2018 – Commercial Real Estate Technology Solutions Continue to Grow in the United States With Australia’s Premier Property Management; 19/04/2018 – Alexander’s Announces Vornado Realty Trust Quarterly Conference Call; 06/04/2018 – VORNADO SAYS SALE OF 666 FIFTH STAKE WILL REPAY ITS INVESTMENT; 06/04/2018 – VORNADO’S PLANS FOR 666 FIFTH AVE. IN CHAIRMAN’S ANNUAL LETTER; 13/04/2018 – VORNADO: SOME ITEMS WILL REDUCE 1Q FFO/SHR BY 37C; 13/04/2018 – Vornado Sees 1Q Charges of 39c/Shr

More news for Vornado Realty Trust (NYSE:VNO) were recently published by: Seekingalpha.com, which released: “You Say ‘Vornado’, I Say ‘Vornado'” on May 31, 2018. Globenewswire.com‘s article titled: “Vornado Completes Refinancing of Independence Plaza” and published on June 12, 2018 is yet another important article.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.04, from 0.99 in 2017Q4. It turned negative, as 39 investors sold VNO shares while 136 reduced holdings. 47 funds opened positions while 119 raised stakes. 147.62 million shares or 3.91% less from 153.63 million shares in 2017Q4 were reported. Japan-based Meiji Yasuda Asset Mngmt has invested 0.04% in Vornado Realty Trust (NYSE:VNO). Loews owns 6,012 shares for 0% of their portfolio. Legal General Gp Pcl owns 1.55M shares. Aqr Capital Lc invested 0% of its portfolio in Vornado Realty Trust (NYSE:VNO). Suntrust Banks owns 0% invested in Vornado Realty Trust (NYSE:VNO) for 3,195 shares. Japan-based Daiwa Securities Gp Incorporated has invested 0.02% in Vornado Realty Trust (NYSE:VNO). Amundi Pioneer Asset Mngmt owns 285,188 shares for 0.03% of their portfolio. Bragg Financial holds 0.05% or 4,686 shares. Sentry Corp owns 3,700 shares. Horizon Kinetics Ltd holds 6,027 shares. Signaturefd Ltd Liability holds 107 shares or 0% of its portfolio. 11,562 are owned by Citadel Advsrs Limited Liability. Macquarie Grp Inc Ltd holds 0.01% of its portfolio in Vornado Realty Trust (NYSE:VNO) for 121,093 shares. Highbridge Cap Ltd Company accumulated 108,780 shares or 0.12% of the stock. Independent Order Of Foresters has invested 2.08% in Vornado Realty Trust (NYSE:VNO).

Analysts await Vornado Realty Trust (NYSE:VNO) to report earnings on July, 30. They expect $0.97 earnings per share, down 28.15% or $0.38 from last year’s $1.35 per share. VNO’s profit will be $196.73 million for 18.48 P/E if the $0.97 EPS becomes a reality. After $0.91 actual earnings per share reported by Vornado Realty Trust for the previous quarter, Wall Street now forecasts 6.59% EPS growth.

Aew Capital Management L P, which manages about $25.93B and $3.56 billion US Long portfolio, upped its stake in Tanger Factory Outlet Centers Inc (NYSE:SKT) by 142,500 shares to 1.73M shares, valued at $38.09M in 2018Q1, according to the filing. It also increased its holding in Kilroy Realty Corp (NYSE:KRC) by 9,250 shares in the quarter, for a total of 78,200 shares, and has risen its stake in American Homes 4 Rent Cl A (NYSE:AMH).

Among 14 analysts covering Vornado Realty Trust (NYSE:VNO), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Vornado Realty Trust has $108 highest and $10 lowest target. $88.83’s average target is 23.89% above currents $71.7 stock price. Vornado Realty Trust had 38 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Monday, May 16. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, June 14. On Wednesday, February 14 the stock rating was maintained by Sandler O’Neill with “Buy”. The company was maintained on Monday, March 21 by Deutsche Bank. The firm has “Hold” rating by J.P. Morgan given on Friday, December 15. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, July 18 report. The firm has “Overweight” rating given on Tuesday, October 20 by Barclays Capital. The firm earned “Buy” rating on Tuesday, March 6 by SunTrust. The company was maintained on Sunday, April 8 by BMO Capital Markets. As per Thursday, August 24, the company rating was upgraded by Argus Research.

Foster & Motley Inc, which manages about $913.18 million and $613.77M US Long portfolio, decreased its stake in Fifth Third Bancorp (NASDAQ:FITB) by 22,857 shares to 33,169 shares, valued at $1.05 million in 2018Q1, according to the filing. It also reduced its holding in Corning Inc (NYSE:GLW) by 11,567 shares in the quarter, leaving it with 30,503 shares, and cut its stake in Pfizer Incorporated (NYSE:PFE).

Since March 5, 2018, it had 0 insider purchases, and 4 sales for $1.53 million activity. The insider FISACKERLY HALEY sold 500 shares worth $39,035. Another trade for 10,396 shares valued at $816,086 was sold by Mount Alyson M.

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Entergy Corporation has $101.0 highest and $59 lowest target. $82.75’s average target is 3.46% above currents $79.98 stock price. Entergy Corporation had 67 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 2 by BMO Capital Markets. On Friday, October 13 the stock rating was upgraded by Citigroup to “Buy”. On Tuesday, July 28 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Underperform” rating given on Tuesday, November 22 by Bank of America. Wells Fargo maintained the shares of ETR in report on Wednesday, October 25 with “Outperform” rating. On Thursday, September 24 the stock rating was downgraded by UBS to “Sell”. The stock of Entergy Corporation (NYSE:ETR) has “Underweight” rating given on Friday, September 8 by Morgan Stanley. The firm earned “Hold” rating on Friday, October 27 by Mizuho. The stock of Entergy Corporation (NYSE:ETR) earned “Hold” rating by RBC Capital Markets on Sunday, August 20. The stock of Entergy Corporation (NYSE:ETR) earned “Hold” rating by Deutsche Bank on Wednesday, October 26.

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.18, from 1.14 in 2017Q4. It dropped, as 42 investors sold ETR shares while 178 reduced holdings. 62 funds opened positions while 149 raised stakes. 146.60 million shares or 1.33% more from 144.68 million shares in 2017Q4 were reported. 373,348 were reported by Pzena Investment Mngmt Limited Liability Corp. State Board Of Administration Of Florida Retirement holds 0.05% or 234,358 shares. Commonwealth Commercial Bank Of reported 33,206 shares. Virginia Retirement Sys Et Al accumulated 0.42% or 441,800 shares. Lpl Finance Llc reported 0.01% in Entergy Corporation (NYSE:ETR). Jacobs Levy Equity Mngmt reported 8,680 shares stake. Bp Public Limited Com invested in 0.06% or 21,000 shares. Prudential Fincl Inc has 0.08% invested in Entergy Corporation (NYSE:ETR). Toth Advisory owns 0.01% invested in Entergy Corporation (NYSE:ETR) for 651 shares. David R Rahn And Associate holds 0.61% of its portfolio in Entergy Corporation (NYSE:ETR) for 7,826 shares. E&G Advisors Ltd Partnership reported 5,700 shares. Us Fincl Bank De owns 19,122 shares. Iowa-based Principal Fincl Group Inc Inc has invested 0.07% in Entergy Corporation (NYSE:ETR). Connor Clark And Lunn Inv holds 20,575 shares. Hexavest has 751,354 shares for 0.74% of their portfolio.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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