Norinchukin Bank The lifted its stake in shares of Vornado Realty Trust (NYSE:VNO) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,526 shares of the real estate investment trust’s stock after acquiring an additional 1,115 shares during the period. Norinchukin Bank The’s holdings in Vornado Realty Trust were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VNO. Bank of Montreal Can purchased a new position in shares of Vornado Realty Trust during the 2nd quarter worth $9,841,000. Fox Run Management L.L.C. purchased a new position in shares of Vornado Realty Trust during the 2nd quarter worth $325,000. Amalgamated Bank raised its holdings in shares of Vornado Realty Trust by 3.7% during the 2nd quarter. Amalgamated Bank now owns 22,193 shares of the real estate investment trust’s stock worth $1,641,000 after acquiring an additional 801 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Vornado Realty Trust during the 2nd quarter worth $3,185,000. Finally, Intact Investment Management Inc. raised its holdings in shares of Vornado Realty Trust by 55.4% during the 2nd quarter. Intact Investment Management Inc. now owns 55,000 shares of the real estate investment trust’s stock worth $4,067,000 after acquiring an additional 19,600 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

Shares of VNO opened at $69.69 on Thursday. The stock has a market capitalization of $13.34 billion, a P/E ratio of 18.68, a P/E/G ratio of 4.64 and a beta of 0.90. Vornado Realty Trust has a 12-month low of $64.13 and a 12-month high of $79.56. The company has a debt-to-equity ratio of 2.36, a quick ratio of 4.64 and a current ratio of 4.64.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $542.05 million during the quarter, compared to analysts’ expectations of $544.62 million. Vornado Realty Trust had a net margin of 16.89% and a return on equity of 8.55%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. Analysts expect that Vornado Realty Trust will post 3.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.52 annualized dividend and a yield of 3.62%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 67.56%.

VNO has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of Vornado Realty Trust in a report on Monday, July 30th. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. SunTrust Banks restated a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Monday, October 1st. Finally, Scotiabank assumed coverage on shares of Vornado Realty Trust in a report on Tuesday, October 16th. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $79.80.

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Vornado Realty Trust Profile

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. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

Read More: What is Compound Annual Growth Rate (CAGR)?

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

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