Prudential Financial Inc. boosted its position in Vornado Realty Trust (NYSE:VNO) by 309.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,016,116 shares of the real estate investment trust’s stock after buying an additional 767,957 shares during the period. Prudential Financial Inc. owned about 0.54% of Vornado Realty Trust worth $102,842,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VNO. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Vornado Realty Trust by 971.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,029 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 933 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Vornado Realty Trust during the third quarter valued at $105,000. Global X Management Co. LLC boosted its stake in shares of Vornado Realty Trust by 97.2% in the third quarter. Global X Management Co. LLC now owns 1,138 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 561 shares during the last quarter. Euclid Advisors LLC bought a new stake in shares of Vornado Realty Trust during the second quarter valued at $120,000. Finally, Advisor Partners LLC bought a new stake in shares of Vornado Realty Trust during the second quarter valued at $205,000. Institutional investors own 81.92% of the company’s stock.

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

Vornado Realty Trust (NYSE:VNO) opened at 97.93 on Tuesday. The company has a market cap of $18.51 billion, a PE ratio of 46.17 and a beta of 0.90. Vornado Realty Trust has a 52 week low of $78.91 and a 52 week high of $108.69. The company has a 50-day moving average price of $93.92 and a 200 day moving average price of $98.58.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by $0.03. Vornado Realty Trust had a net margin of 19.48% and a return on equity of 4.98%. The company earned $633.20 million during the quarter, compared to analysts’ expectations of $631.60 million. During the same period last year, the firm earned $1.21 earnings per share. Vornado Realty Trust’s revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Vornado Realty Trust will post $4.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a $0.63 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 2.57%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 118.87%.

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VNO has been the topic of several analyst reports. TheStreet raised Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Argus reissued a “hold” rating on shares of Vornado Realty Trust in a research note on Tuesday, August 30th. Finally, Bank of America Corp. raised Vornado Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $108.00 to $114.00 in a research note on Friday, November 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Vornado Realty Trust has a consensus rating of “Buy” and an average target price of $106.94.

In related news, Director Daniel R. Tisch purchased 50,000 shares of Vornado Realty Trust stock in a transaction that occurred on Wednesday, November 2nd. The stock was purchased at an average cost of $88.53 per share, with a total value of $4,426,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.72% of the stock is currently owned by corporate insiders.

About Vornado Realty Trust

Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.

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