Tredje AP fonden increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,814 shares of the real estate investment trust’s stock after buying an additional 4,090 shares during the quarter. Tredje AP fonden’s holdings in Vornado Realty Trust were worth $2,369,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sarasin & Partners LLP grew its position in Vornado Realty Trust by 6.1% during the third quarter. Sarasin & Partners LLP now owns 133,417 shares of the real estate investment trust’s stock worth $10,257,000 after buying an additional 7,644 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Vornado Realty Trust by 10.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 35,630 shares of the real estate investment trust’s stock worth $2,739,000 after buying an additional 3,500 shares in the last quarter. KBC Group NV grew its position in Vornado Realty Trust by 3.6% during the third quarter. KBC Group NV now owns 66,668 shares of the real estate investment trust’s stock worth $5,125,000 after buying an additional 2,295 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vornado Realty Trust by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,456,239 shares of the real estate investment trust’s stock worth $188,837,000 after buying an additional 55,423 shares in the last quarter. Finally, Fiduciary Group LLC grew its position in Vornado Realty Trust by 27.2% during the third quarter. Fiduciary Group LLC now owns 20,211 shares of the real estate investment trust’s stock worth $1,554,000 after buying an additional 4,326 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vornado Realty Trust (NYSE VNO) traded down $0.41 on Wednesday, reaching $76.91. 1,005,400 shares of the company’s stock were exchanged, compared to its average volume of 1,133,259. The company has a market capitalization of $14,681.36, a PE ratio of 18.95, a price-to-earnings-growth ratio of 4.63 and a beta of 0.99. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1 year low of $71.89 and a 1 year high of $89.38.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.90. The firm had revenue of $528.76 million during the quarter, compared to analysts’ expectations of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. analysts expect that Vornado Realty Trust will post 3.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio is 57.97%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, October 17th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $81.00 to $84.00 in a research report on Tuesday, October 10th. Barclays restated a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Sandler O’Neill restated a “buy” rating and set a $90.00 price target on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Finally, BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $91.73.

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Vornado Realty Trust Company Profile

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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