Nomura Asset Management Co. Ltd. cut its holdings in Vornado Realty Trust (NYSE:VNO) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,740 shares of the real estate investment trust’s stock after selling 15,424 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Vornado Realty Trust worth $9,436,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNO. Bessemer Group Inc. increased its position in shares of Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 419 shares during the period. Sun Life Financial INC increased its position in shares of Vornado Realty Trust by 13,866.7% during the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,248 shares during the period. Perigon Wealth Management LLC increased its position in shares of Vornado Realty Trust by 56.5% during the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 785 shares during the period. Advisors Asset Management Inc. increased its position in shares of Vornado Realty Trust by 48.3% during the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 719 shares during the period. Finally, Global X Management Co. LLC increased its position in shares of Vornado Realty Trust by 14.5% during the second quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Shares of Vornado Realty Trust (NYSE:VNO) traded down $0.49 during trading hours on Thursday, reaching $76.42. 2,176,700 shares of the company were exchanged, compared to its average volume of 1,137,700. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $14,380.00, a P/E ratio of 18.85, a P/E/G ratio of 4.60 and a beta of 0.99. Vornado Realty Trust has a 1 year low of $71.89 and a 1 year high of $89.38.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The company had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts predict that Vornado Realty Trust will post 3.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.14%. Vornado Realty Trust’s payout ratio is 57.14%.

Several research firms recently commented on VNO. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, October 17th. Morgan Stanley raised 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. Barclays reissued a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. Sandler O’Neill reissued a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Finally, BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $91.73.

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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.

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

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