Fort Washington Investment Advisors Inc. OH Sells 200 Shares of Vornado Realty Trust (VNO)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,150 shares of the real estate investment trust’s stock after selling 200 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Vornado Realty Trust were worth $2,549,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Vornado Realty Trust by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 24,521,890 shares of the real estate investment trust’s stock worth $2,459,792,000 after acquiring an additional 457,208 shares during the period. BlackRock Inc. grew its stake in Vornado Realty Trust by 2,605.3% in the 1st quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock worth $1,598,235,000 after acquiring an additional 15,344,015 shares during the period. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,869,084 shares of the real estate investment trust’s stock worth $551,106,000 after acquiring an additional 1,284,107 shares during the period. Bank of New York Mellon Corp grew its stake in Vornado Realty Trust by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock worth $429,864,000 after acquiring an additional 524,562 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Vornado Realty Trust by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,326,506 shares of the real estate investment trust’s stock worth $233,372,000 after acquiring an additional 26,863 shares during the period. 86.07% of the stock is owned by institutional investors and hedge funds.

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Vornado Realty Trust (NYSE:VNO) opened at 75.28 on Friday. The firm has a 50 day moving average of $75.94 and a 200-day moving average of $78.32. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 16.26 and a beta of 0.99. Vornado Realty Trust has a one year low of $69.81 and a one year high of $90.32.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same quarter in the previous year, the business earned $1.21 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts forecast that Vornado Realty Trust will post $1.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.40 annualized dividend and a yield of 3.19%. Vornado Realty Trust’s dividend payout ratio is presently 51.72%.

VNO has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 target price (down from $111.00) on shares of Vornado Realty Trust in a research note on Tuesday, June 13th. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Thursday, August 24th. TheStreet cut shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Barclays PLC lowered their target price on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG lowered their target price on shares of Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Vornado Realty Trust has an average rating of “Hold” and an average target price of $96.30.

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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