State of Wisconsin Investment Board increased its holdings in Vornado Realty Trust (NYSE:VNO) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,204 shares of the real estate investment trust’s stock after acquiring an additional 9,717 shares during the period. State of Wisconsin Investment Board’s holdings in Vornado Realty Trust were worth $12,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VNO. Wells Fargo & Company MN increased its stake in shares of Vornado Realty Trust by 12.7% during the first quarter. Wells Fargo & Company MN now owns 232,088 shares of the real estate investment trust’s stock worth $15,619,000 after buying an additional 26,229 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Vornado Realty Trust by 19.3% during the first quarter. Daiwa Securities Group Inc. now owns 35,982 shares of the real estate investment trust’s stock worth $2,422,000 after buying an additional 5,820 shares during the period. Rhumbline Advisers increased its stake in shares of Vornado Realty Trust by 0.5% during the first quarter. Rhumbline Advisers now owns 339,518 shares of the real estate investment trust’s stock worth $22,850,000 after buying an additional 1,843 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Vornado Realty Trust during the first quarter worth approximately $276,000. Finally, Sarasin & Partners LLP increased its stake in shares of Vornado Realty Trust by 1.3% during the first quarter. Sarasin & Partners LLP now owns 127,830 shares of the real estate investment trust’s stock worth $8,603,000 after buying an additional 1,694 shares during the period. Institutional investors own 80.04% of the company’s stock.

Shares of VNO opened at $76.89 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62. The company has a market capitalization of $13.84 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 8.94 and a beta of 0.88. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $80.30.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. sell-side analysts predict that Vornado Realty Trust will post 3.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, August 6th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis 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 67.56%.

A number of equities analysts recently issued reports on the company. ValuEngine raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Argus upped their price target on Vornado Realty Trust from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 3rd. Morgan Stanley lowered their price target on Vornado Realty Trust from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a report on Monday, July 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $80.10.

Vornado Realty Trust Profile

Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. 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.

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

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