Bronfman E.L. Rothschild L.P. cut its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 23.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,197 shares of the real estate investment trust’s stock after selling 961 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Vornado Realty Trust were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its stake in Vornado Realty Trust by 7.9% during the third quarter. Pacer Advisors Inc. now owns 9,661 shares of the real estate investment trust’s stock worth $743,000 after purchasing an additional 706 shares during the last quarter. Calamos Advisors LLC lifted its stake in Vornado Realty Trust by 3.8% during the third quarter. Calamos Advisors LLC now owns 19,321 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 708 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Vornado Realty Trust by 56.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 718 shares during the last quarter. Comerica Bank lifted its stake in Vornado Realty Trust by 1.6% during the third quarter. Comerica Bank now owns 49,676 shares of the real estate investment trust’s stock worth $3,596,000 after purchasing an additional 763 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in 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 purchasing an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

VNO has been the subject of several research analyst reports. SunTrust Banks upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. Barclays reiterated a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a report on Thursday, October 19th. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Vornado Realty Trust has an average rating of “Hold” and an average target price of $88.09.

Vornado Realty Trust (VNO) opened at $66.08 on Thursday. The stock has a market cap of $12,550.00, a price-to-earnings ratio of 71.83, a PEG ratio of 4.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. Vornado Realty Trust has a 1-year low of $65.29 and a 1-year high of $89.38.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a return on equity of 5.05% and a net margin of 9.10%. Vornado Realty Trust’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.43 earnings per share. research analysts predict that Vornado Realty Trust will post 3.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 29th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.81%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, January 26th. Vornado Realty Trust’s dividend payout ratio is presently 273.91%.

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About Vornado Realty Trust

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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