Crossmark Global Holdings Inc. bought a new stake in Vornado Realty Trust (NYSE:VNO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,259 shares of the real estate investment trust’s stock, valued at approximately $1,019,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kemper Corp Master Retirement Trust lifted its holdings in shares of Vornado Realty Trust by 0.4% in the second quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 25 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Vornado Realty Trust by 0.7% in the second quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 29 shares in the last quarter. Parametrica Management Ltd lifted its holdings in shares of Vornado Realty Trust by 2.4% in the second quarter. Parametrica Management Ltd now owns 2,281 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 53 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Vornado Realty Trust by 0.4% in the second quarter. CIBC Asset Management Inc now owns 16,239 shares of the real estate investment trust’s stock valued at $1,525,000 after purchasing an additional 59 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Vornado Realty Trust by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the real estate investment trust’s stock valued at $1,005,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.

A number of analysts have recently issued reports on VNO shares. Stifel Nicolaus lowered Vornado Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $86.00 to $77.00 in a report on Wednesday, August 30th. Zacks Investment Research upgraded Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Evercore ISI restated an “outperform” rating and issued a $86.00 target price (down previously from $106.00) on shares of Vornado Realty Trust in a report on Friday, July 21st. Morgan Stanley upgraded Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $81.00 to $84.00 in a report on Tuesday, October 10th. Finally, Barclays PLC reduced their target price on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.67.

Shares of Vornado Realty Trust (NYSE:VNO) opened at $75.61 on Friday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38. The stock has a market capitalization of $14,290.21, a price-to-earnings ratio of 18.45, a P/E/G ratio of 4.56 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. During the same period last year, the company earned $0.35 earnings per share. Vornado Realty Trust’s quarterly revenue was up 5.2% compared to the same quarter last year. analysts predict that Vornado Realty Trust will post 3.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.17%. Vornado Realty Trust’s dividend payout ratio is 57.97%.

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Vornado Realty Trust Profile

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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