Asset Management One Co. Ltd. trimmed its stake in Vornado Realty Trust (NYSE:VNO) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,002 shares of the real estate investment trust’s stock after selling 4,474 shares during the period. Asset Management One Co. Ltd. owned about 0.34% of Vornado Realty Trust worth $50,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position 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 purchasing an additional 419 shares during the period. Sun Life Financial INC lifted its position 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 purchasing an additional 1,248 shares during the period. Perigon Wealth Management LLC lifted its position 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 purchasing an additional 785 shares during the period. Advisors Asset Management Inc. lifted its position 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 purchasing an additional 719 shares during the period. Finally, Global X Management Co. LLC lifted its position in shares of Vornado Realty Trust by 14.5% in the 2nd quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 295 shares during the period. 86.23% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley reissued an “equal weight” rating and set a $78.00 target price (down previously from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Sandler O’Neill reissued a “buy” rating and set a $90.00 target price on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Stifel Nicolaus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $86.00 to $77.00 in a research report on Wednesday, August 30th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $91.73.

Shares of Vornado Realty Trust (VNO) traded down $0.36 during trading on Friday, reaching $76.06. 1,483,300 shares of the company’s stock were exchanged, compared to its average volume of 1,139,164. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26. Vornado Realty Trust has a twelve month low of $71.89 and a twelve month high of $89.38. The firm has a market cap of $14,510.47, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 4.57 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The business had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 million. During the same quarter in the prior year, the business posted $0.35 EPS. Vornado Realty Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Vornado Realty Trust will post 3.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.16%. Vornado Realty Trust’s payout ratio is 57.97%.

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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.

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

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