People s United Financial Inc. decreased its position in shares of Vornado Realty Trust (NYSE:VNO) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,379 shares of the real estate investment trust’s stock after selling 1,676 shares during the period. People s United Financial Inc.’s holdings in Vornado Realty Trust were worth $1,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VNO. Aperio Group LLC grew its holdings in Vornado Realty Trust by 9.6% in the second quarter. Aperio Group LLC now owns 52,340 shares of the real estate investment trust’s stock worth $3,869,000 after purchasing an additional 4,596 shares during the period. Comerica Bank grew its holdings in Vornado Realty Trust by 43.7% in the second quarter. Comerica Bank now owns 73,363 shares of the real estate investment trust’s stock worth $5,305,000 after purchasing an additional 22,299 shares during the period. Wells Fargo & Company MN grew its holdings in Vornado Realty Trust by 7.1% in the second quarter. Wells Fargo & Company MN now owns 248,458 shares of the real estate investment trust’s stock worth $18,366,000 after purchasing an additional 16,370 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new stake in Vornado Realty Trust in the second quarter worth $10,849,000. Finally, Virginia Retirement Systems ET AL grew its holdings in Vornado Realty Trust by 14.5% in the second quarter. Virginia Retirement Systems ET AL now owns 59,936 shares of the real estate investment trust’s stock worth $4,430,000 after purchasing an additional 7,600 shares during the period. 79.19% of the stock is currently owned by institutional investors.

VNO has been the subject of a number of research reports. BMO Capital Markets restated a “buy” rating on shares of Vornado Realty Trust in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, October 1st. SunTrust Banks restated a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a report on Thursday, August 16th. Citigroup reduced their price target on shares of Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, Sandler O’Neill cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $79.80.

In other news, EVP Joseph Macnow sold 23,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $70.80, for a total transaction of $1,628,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.04% of the stock is owned by company insiders.

Shares of NYSE VNO opened at $70.66 on Friday. The stock has a market cap of $13.69 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 4.72 and a beta of 0.92. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $79.56. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.36.

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 analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $542.05 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, research analysts anticipate that Vornado Realty Trust will post 3.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, November 2nd. Vornado Realty Trust’s dividend payout ratio is currently 67.56%.

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Vornado Realty Trust Company 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.

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

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