State of Wisconsin Investment Board reduced its stake in Vornado Realty Trust (NYSE:VNO) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,432 shares of the real estate investment trust’s stock after selling 3,942 shares during the period. State of Wisconsin Investment Board owned 0.09% of Vornado Realty Trust worth $13,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of VNO. OppenheimerFunds Inc. lifted its stake in shares of Vornado Realty Trust by 16.8% in the 1st quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after acquiring an additional 480 shares during the period. Bank of Montreal Can lifted its stake in shares of Vornado Realty Trust by 183.1% in the 2nd quarter. Bank of Montreal Can now owns 217,799 shares of the real estate investment trust’s stock worth $20,451,000 after acquiring an additional 140,861 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Vornado Realty Trust by 521.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 28,177 shares of the real estate investment trust’s stock worth $2,646,000 after acquiring an additional 23,641 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Vornado Realty Trust by 5.6% in the 2nd quarter. LS Investment Advisors LLC now owns 6,233 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 332 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Vornado Realty Trust by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the real estate investment trust’s stock worth $1,005,000 after acquiring an additional 100 shares during the period. 84.14% of the stock is owned by institutional investors.

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Shares of Vornado Realty Trust (VNO) opened at $76.14 on Wednesday. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $14,425.02, a P/E ratio of 18.62, a PEG ratio of 4.62 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last released 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 previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. analysts forecast that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.15%. Vornado Realty Trust’s dividend payout ratio is currently 57.97%.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. 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 report on Friday, September 1st. 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 report on Wednesday, August 2nd. BidaskClub downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $93.67.

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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