Investors sold shares of Vornado Realty Trust (NYSE:VNO) on strength during trading hours on Friday. $8.75 million flowed into the stock on the tick-up and $37.61 million flowed out of the stock on the tick-down, for a money net flow of $28.86 million out of the stock. Of all stocks tracked, Vornado Realty Trust had the 28th highest net out-flow for the day. Vornado Realty Trust traded up $0.38 for the day and closed at $73.90

A number of research firms have issued reports on VNO. Morgan Stanley reiterated an “equal weight” rating and issued a $78.00 target price (down from $81.00) on shares of Vornado Realty Trust in a research note on Friday, September 1st. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Bank of America Corporation reiterated a “buy” rating and issued a $113.00 target price (up from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Evercore ISI reiterated an “outperform” rating and issued a $87.00 target price (up from $86.00) on shares of Vornado Realty Trust in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.30.

The company’s 50-day moving average price is $76.49 and its 200-day moving average price is $78.76. The stock has a market cap of $14.00 billion, a P/E ratio of 15.96 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. On average, equities research analysts forecast that Vornado Realty Trust will post $1.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Thursday, August 3rd. Vornado Realty Trust’s payout ratio is presently 51.72%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Vornado Realty Trust by 0.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 16 shares during the last quarter. 1st Global Advisors Inc. boosted its holdings in shares of Vornado Realty Trust by 0.6% in the 1st quarter. 1st Global Advisors Inc. now owns 3,049 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 19 shares during the last quarter. Kemper Corp Master Retirement Trust boosted its holdings in shares of Vornado Realty Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $629,000 after buying an additional 25 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Vornado Realty Trust by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 29 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its holdings in shares of Vornado Realty Trust by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 4,198 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 35 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

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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.

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