British Columbia Investment Management Corp decreased its stake in shares of Vornado Realty Trust (NYSE:VNO) by 11.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,716 shares of the real estate investment trust’s stock after selling 9,647 shares during the period. British Columbia Investment Management Corp’s holdings in Vornado Realty Trust were worth $7,562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in VNO. Vanguard Group Inc. raised its stake in shares of Vornado Realty Trust by 2.2% in the second quarter. Vanguard Group Inc. now owns 23,913,486 shares of the real estate investment trust’s stock valued at $2,394,218,000 after buying an additional 517,273 shares during the period. Cbre Clarion Securities LLC raised its stake in shares of Vornado Realty Trust by 2.1% in the second quarter. Cbre Clarion Securities LLC now owns 5,407,105 shares of the real estate investment trust’s stock valued at $541,359,000 after buying an additional 111,043 shares during the period. BlackRock Fund Advisors raised its stake in shares of Vornado Realty Trust by 0.4% in the second quarter. BlackRock Fund Advisors now owns 5,302,169 shares of the real estate investment trust’s stock valued at $530,853,000 after buying an additional 18,557 shares during the period. Lasalle Investment Management Securities LLC raised its stake in shares of Vornado Realty Trust by 10.2% in the second quarter. Lasalle Investment Management Securities LLC now owns 4,275,430 shares of the real estate investment trust’s stock valued at $428,056,000 after buying an additional 396,564 shares during the period. Finally, Shinko Asset Management Co. Ltd. raised its stake in shares of Vornado Realty Trust by 21.9% in the second quarter. Shinko Asset Management Co. Ltd. now owns 3,929,516 shares of the real estate investment trust’s stock valued at $393,423,000 after buying an additional 706,672 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

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

Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.62% on Wednesday, reaching $98.49. 524,191 shares of the company traded hands. The company has a market capitalization of $18.61 billion, a P/E ratio of 46.44 and a beta of 0.90. The firm’s 50 day moving average is $93.92 and its 200 day moving average is $98.58. Vornado Realty Trust has a one year low of $78.91 and a one year high of $108.69.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, October 31st. The real estate investment trust reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business earned $633.20 million during the quarter, compared to analysts’ expectations of $631.60 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. Vornado Realty Trust’s revenue was up .9% on a year-over-year basis. Analysts expect that Vornado Realty Trust will post $4.85 earnings per share for the current fiscal year.

The company also recently announced 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 dividend yield of 2.54%. Vornado Realty Trust’s dividend payout ratio is currently 118.87%.

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Several equities research analysts have issued reports on the stock. Bank of America Corp. raised shares of Vornado Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $108.00 to $114.00 in a report on Friday, November 11th. TheStreet lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, Argus reissued a “hold” rating on shares of Vornado Realty Trust in a report on Tuesday, August 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $106.94.

In other news, Director Daniel R. Tisch bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were bought at an average cost of $88.53 per share, for a total transaction of $4,426,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.72% of the stock is 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.

5 Day Chart for NYSE:VNO

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