Vornado Realty Trust (VNO) Holdings Lifted by Kempen Capital Management N.V.

Kempen Capital Management N.V. raised its stake in Vornado Realty Trust (NYSE:VNO) by 27.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,573 shares of the real estate investment trust’s stock after buying an additional 21,767 shares during the quarter. Kempen Capital Management N.V. owned about 0.05% of Vornado Realty Trust worth $9,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VNO. Janney Montgomery Scott LLC lifted its position in Vornado Realty Trust by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 2,069 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 16 shares during the last quarter. First Trust Advisors LP lifted its position in Vornado Realty Trust by 53.6% in the first quarter. First Trust Advisors LP now owns 91,587 shares of the real estate investment trust’s stock valued at $9,187,000 after buying an additional 31,977 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 741 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Vornado Realty Trust by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 858,757 shares of the real estate investment trust’s stock valued at $86,142,000 after buying an additional 65,021 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Vornado Realty Trust by 10.9% in the first quarter. Ameriprise Financial Inc. now owns 230,400 shares of the real estate investment trust’s stock valued at $23,114,000 after buying an additional 22,672 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

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A number of research analysts have commented on VNO shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Stifel Nicolaus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $86.00 to $77.00 in a research report on Wednesday, August 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $86.00 target price (down previously from $106.00) on shares of Vornado Realty Trust in a research report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $78.00 target price (down previously from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $96.30.

Shares of Vornado Realty Trust (NYSE VNO) traded down 0.09% during mid-day trading on Friday, hitting $75.11. 1,704,004 shares of the stock traded hands. Vornado Realty Trust has a one year low of $69.81 and a one year high of $90.32. The company has a market cap of $14.23 billion, a P/E ratio of 16.22 and a beta of 0.99. The stock has a 50 day moving average price of $75.83 and a 200-day moving average price of $78.21.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.

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.

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

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