State Board of Administration of Florida Retirement System reduced its position in shares of Vornado Realty Trust (NYSE:VNO) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 259,506 shares of the real estate investment trust’s stock after selling 7,730 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Vornado Realty Trust were worth $19,183,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VNO. Long Pond Capital LP increased its position in Vornado Realty Trust by 253.0% during the first quarter. Long Pond Capital LP now owns 4,657,274 shares of the real estate investment trust’s stock worth $313,435,000 after purchasing an additional 3,337,934 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Vornado Realty Trust by 15.7% during the first quarter. JPMorgan Chase & Co. now owns 10,098,699 shares of the real estate investment trust’s stock worth $679,643,000 after buying an additional 1,367,593 shares during the period. Centersquare Investment Management LLC purchased a new position in Vornado Realty Trust during the first quarter worth about $37,443,000. Franklin Resources Inc. boosted its stake in Vornado Realty Trust by 10.0% during the first quarter. Franklin Resources Inc. now owns 4,399,878 shares of the real estate investment trust’s stock worth $296,111,000 after buying an additional 398,998 shares during the period. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Vornado Realty Trust during the first quarter worth about $15,155,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.

NYSE VNO opened at $76.89 on Friday. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 2.41. Vornado Realty Trust has a one year low of $64.13 and a one year high of $80.30. The company has a market capitalization of $13.84 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 8.94 and a beta of 0.88.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a net margin of 6.91% and a return on equity of 5.16%. The business had revenue of $541.80 million during the quarter, compared to analysts’ expectations of $539.78 million. During the same period in the previous year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities research analysts anticipate that Vornado Realty Trust will post 3.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Stockholders of record on Monday, August 6th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, August 3rd. Vornado Realty Trust’s payout ratio is 67.56%.

Several research analysts have weighed in on VNO shares. SunTrust Banks increased their target price on shares of Vornado Realty Trust to $81.00 and gave the stock an “average” rating in a research note on Wednesday, June 27th. Evercore ISI raised shares of Vornado Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, June 11th. ValuEngine lowered shares of Vornado Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. JPMorgan Chase & Co. lowered their target price on shares of Vornado Realty Trust from $92.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of Vornado Realty Trust in a research note on Monday, April 30th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $80.10.

About Vornado Realty Trust

Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. 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.

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

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