Arizona State Retirement System reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 41.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,485 shares of the real estate investment trust’s stock after selling 29,665 shares during the quarter. Arizona State Retirement System’s holdings in Vornado Realty Trust were worth $3,140,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Vornado Realty Trust by 12.7% during the 1st quarter. Wells Fargo & Company MN now owns 232,088 shares of the real estate investment trust’s stock worth $15,619,000 after purchasing an additional 26,229 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Vornado Realty Trust by 19.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 35,982 shares of the real estate investment trust’s stock worth $2,422,000 after purchasing an additional 5,820 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Vornado Realty Trust by 0.5% during the 1st quarter. Rhumbline Advisers now owns 339,518 shares of the real estate investment trust’s stock worth $22,850,000 after purchasing an additional 1,843 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Vornado Realty Trust during the 1st quarter worth $276,000. Finally, Sarasin & Partners LLP grew its holdings in shares of Vornado Realty Trust by 1.3% during the 1st quarter. Sarasin & Partners LLP now owns 127,830 shares of the real estate investment trust’s stock worth $8,603,000 after purchasing an additional 1,694 shares in the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

Several research firms have recently issued reports on VNO. SunTrust Banks increased their target price on Vornado Realty Trust to $81.00 and gave the stock an “average” rating in a report on Wednesday, June 27th. Evercore ISI raised Vornado Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, June 11th. ValuEngine lowered Vornado Realty Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Deutsche Bank reduced their target price on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, June 26th. Finally, Morgan Stanley reduced their target price on Vornado Realty Trust from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, June 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $80.44.

NYSE:VNO opened at $76.80 on Friday. The stock has a market capitalization of $14.42 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 9.20 and a beta of 0.88. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 2.41. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $80.30.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $541.80 million during the quarter, compared to analyst estimates of $539.78 million. Vornado Realty Trust had a net margin of 6.91% and a return on equity of 5.16%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $1.25 earnings per share. equities analysts predict that Vornado Realty Trust will post 3.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, August 6th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Friday, August 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 67.56%.

Vornado Realty Trust Profile

Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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

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