New York State Teachers Retirement System Sells 17,497 Shares of Vornado Realty Trust (VNO)

New York State Teachers Retirement System cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 7.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 232,550 shares of the real estate investment trust’s stock after selling 17,497 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Vornado Realty Trust worth $14,425,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Federated Investors Inc. PA lifted its position in Vornado Realty Trust by 22.1% during the 3rd quarter. Federated Investors Inc. PA now owns 2,551 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 461 shares in the last quarter. DNB Asset Management AS increased its holdings in Vornado Realty Trust by 2.3% during the 4th quarter. DNB Asset Management AS now owns 20,496 shares of the real estate investment trust’s stock worth $1,271,000 after purchasing an additional 468 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Vornado Realty Trust by 21.8% during the 3rd quarter. Mackenzie Financial Corp now owns 4,166 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 746 shares during the last quarter. Fifth Third Bancorp increased its holdings in Vornado Realty Trust by 6.1% during the 3rd quarter. Fifth Third Bancorp now owns 13,309 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 760 shares during the last quarter. Finally, Dupont Capital Management Corp increased its holdings in Vornado Realty Trust by 3.5% during the 3rd quarter. Dupont Capital Management Corp now owns 23,668 shares of the real estate investment trust’s stock worth $1,728,000 after purchasing an additional 808 shares during the last quarter. 79.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE VNO opened at $69.56 on Friday. Vornado Realty Trust has a twelve month low of $59.48 and a twelve month high of $77.59. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $13.24 billion, a PE ratio of 18.65, a PEG ratio of 4.37 and a beta of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Monday, January 28th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, January 25th. Vornado Realty Trust’s payout ratio is 70.78%.

In related news, Director Michael D. Fascitelli sold 126,074 shares of the company’s stock in a transaction on Monday, January 14th. The stock was sold at an average price of $64.23, for a total transaction of $8,097,733.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph Macnow sold 23,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $70.80, for a total value of $1,628,400.00. The disclosure for this sale can be found here. 10.04% of the stock is currently owned by insiders.

Several equities research analysts have issued reports on VNO shares. JPMorgan Chase & Co. downgraded Vornado Realty Trust from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $74.00 to $72.00 in a report on Wednesday, December 19th. Barclays restated a “hold” rating and set a $68.00 price objective on shares of Vornado Realty Trust in a report on Friday, December 21st. Citigroup dropped their price objective on Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Zacks Investment Research restated a “hold” rating on shares of Vornado Realty Trust in a report on Saturday, November 17th. Finally, Sandler O’Neill downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $78.60.

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About Vornado Realty Trust

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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