Los Angeles Capital Management & Equity Research Inc. reduced its holdings in Vornado Realty Trust (NYSE:VNO) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,168 shares of the real estate investment trust’s stock after selling 1,553 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Vornado Realty Trust were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in Vornado Realty Trust by 62.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares in the last quarter. Sun Life Financial INC lifted its holdings in Vornado Realty Trust by 13,866.7% during the 2nd quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,248 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Vornado Realty Trust by 56.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 785 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Vornado Realty Trust by 48.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 719 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in shares of Vornado Realty Trust by 14.5% during the 2nd quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 295 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Sandler O’Neill reiterated a “buy” rating and set a $90.00 target price on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Argus upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Thursday, August 24th. Barclays reiterated a “hold” rating and set a $80.00 target price on shares of Vornado Realty Trust in a research report on Thursday, October 19th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Vornado Realty Trust presently has an average rating of “Buy” and an average price target of $91.73.

Vornado Realty Trust (VNO) traded up $0.30 on Friday, hitting $77.92. 1,027,661 shares of the company were exchanged, compared to its average volume of 866,219. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38. The company has a market cap of $14,740.24, a PE ratio of 19.03, a P/E/G ratio of 4.65 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 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 during the quarter, compared to analysts’ expectations of $545.53 million. During the same quarter in the prior year, the company earned $0.35 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. research analysts predict that Vornado Realty Trust will post 3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio is currently 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.

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

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