14,070 Shares in Vornado Realty Trust (VNO) Acquired by Bedrijfstakpensioenfonds Voor DE Media PNO

Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,070 shares of the real estate investment trust’s stock, valued at approximately $1,321,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. raised its position in Vornado Realty Trust by 2.8% in the first quarter. Levin Capital Strategies L.P. now owns 208,148 shares of the real estate investment trust’s stock worth $20,879,000 after buying an additional 5,610 shares during the last quarter. Clinton Group Inc. purchased a new position in Vornado Realty Trust during the first quarter worth $11,386,000. Dynamic Technology Lab Private Ltd purchased a new position in Vornado Realty Trust during the first quarter worth $841,000. Glen Harbor Capital Management LLC raised its position in Vornado Realty Trust by 9.0% in the first quarter. Glen Harbor Capital Management LLC now owns 6,666 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 550 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in Vornado Realty Trust during the first quarter worth $12,459,000. 87.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Vornado Realty Trust (NYSE VNO) traded down 0.27% during midday trading on Monday, hitting $78.75. 413,410 shares of the stock traded hands. Vornado Realty Trust has a 12-month low of $77.25 and a 12-month high of $111.72. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 15.21 and a beta of 0.96. The company’s 50 day moving average price is $76.83 and its 200-day moving average price is $80.76.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.64. Vornado Realty Trust had a return on equity of 6.84% and a net margin of 42.35%. The company had revenue of $620.85 million during the quarter, compared to analysts’ expectations of $642 million. During the same quarter in the previous year, the business earned ($0.61) earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts expect that Vornado Realty Trust will post $1.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 54.72%.

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Several equities analysts have recently commented on the stock. Bank of America Corporation reissued a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Evercore ISI reissued an “in-line” rating and issued a $107.00 target price (down previously from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. TheStreet downgraded shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG decreased their price target on shares of Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.63.

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.