KCS Wealth Advisory Acquires Shares of 5,440 Vornado Realty Trust (VNO)

KCS Wealth Advisory acquired a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,440 shares of the real estate investment trust’s stock, valued at approximately $425,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Kemper Corp Master Retirement Trust lifted its stake in shares of Vornado Realty Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 25 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Vornado Realty Trust by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 29 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Vornado Realty Trust by 11.6% in the 2nd quarter. Advisor Group Inc. now owns 3,988 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 413 shares during the last quarter. Loews Corp lifted its stake in shares of Vornado Realty Trust by 16.8% in the 2nd quarter. Loews Corp now owns 3,652 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 525 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Vornado Realty Trust by 3.0% in the 2nd quarter. Stifel Financial Corp now owns 18,686 shares of the real estate investment trust’s stock valued at $1,752,000 after purchasing an additional 546 shares during the last quarter. 86.00% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust (NYSE VNO) opened at $71.92 on Friday. The company has a market cap of $13,838.30, a price-to-earnings ratio of 17.86, a P/E/G ratio of 4.39 and a beta of 1.00. Vornado Realty Trust has a twelve month low of $71.87 and a twelve month high of $111.72. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.09 by $0.90. The firm had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. analysts expect that Vornado Realty Trust will post 3.92 earnings per share for the current fiscal year.

VNO has been the subject of several analyst reports. TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. Sandler O’Neill reiterated a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, October 17th. Barclays reiterated a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $91.75.

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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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