US Bancorp DE decreased its position in shares of Vornado Realty Trust (NYSE:VNO) by 24.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,647 shares of the real estate investment trust’s stock after selling 2,775 shares during the period. US Bancorp DE’s holdings in Vornado Realty Trust were worth $812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VNO. Candriam Luxembourg S.C.A. increased its position in Vornado Realty Trust by 21.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,960 shares of the real estate investment trust’s stock worth $1,300,000 after buying an additional 2,250 shares in the last quarter. Retirement Systems of Alabama increased its position in Vornado Realty Trust by 0.6% in the first quarter. Retirement Systems of Alabama now owns 306,809 shares of the real estate investment trust’s stock worth $30,776,000 after buying an additional 1,693 shares in the last quarter. Motco increased its position in Vornado Realty Trust by 5.0% in the first quarter. Motco now owns 3,423 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 164 shares in the last quarter. State of Alaska Department of Revenue increased its position in Vornado Realty Trust by 32.9% in the first quarter. State of Alaska Department of Revenue now owns 82,738 shares of the real estate investment trust’s stock worth $8,297,000 after buying an additional 20,461 shares in the last quarter. Finally, Courier Capital LLC increased its position in Vornado Realty Trust by 1.6% in the first quarter. Courier Capital LLC now owns 3,592 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 56 shares in the last quarter. 87.10% of the stock is owned by hedge funds and other institutional investors.

Shares of Vornado Realty Trust (NYSE VNO) traded down 1.19% during mid-day trading on Friday, hitting $75.73. 863,171 shares of the company were exchanged. The company has a market capitalization of $14.35 billion, a P/E ratio of 16.36 and a beta of 0.97. The company has a 50 day moving average of $77.55 and a 200 day moving average of $80.31. Vornado Realty Trust has a 52 week low of $69.81 and a 52 week high of $90.32.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. Vornado Realty Trust had a net margin of 23.45% and a return on equity of 7.92%. The firm had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. During the same period in the previous year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that Vornado Realty Trust will post $1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.17%. Vornado Realty Trust’s dividend payout ratio is presently 51.72%.

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A number of research analysts have recently weighed in on the stock. Barclays PLC reduced their target price on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley reissued an “equal weight” rating and set a $95.00 target price (down from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Evercore ISI reissued an “in-line” rating and set a $107.00 target price (down from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $100.75.

Vornado Realty Trust Company Profile

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.

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

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