Robeco Institutional Asset Management B.V. Has $1.98 Million Stake in Vornado Realty Trust (VNO)

Robeco Institutional Asset Management B.V. grew its stake in Vornado Realty Trust (NYSE:VNO) by 53.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,093 shares of the real estate investment trust’s stock after buying an additional 9,406 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vornado Realty Trust were worth $1,979,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Vornado Realty Trust by 1.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,447 shares of the real estate investment trust’s stock valued at $4,099,000 after buying an additional 729 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Vornado Realty Trust by 4.9% in the 2nd quarter. CIBC Asset Management Inc now owns 16,949 shares of the real estate investment trust’s stock valued at $1,253,000 after buying an additional 785 shares during the period. Amalgamated Bank lifted its holdings in shares of Vornado Realty Trust by 3.7% in the 2nd quarter. Amalgamated Bank now owns 22,193 shares of the real estate investment trust’s stock valued at $1,641,000 after buying an additional 801 shares during the period. KCS Wealth Advisory lifted its holdings in shares of Vornado Realty Trust by 6.7% in the 2nd quarter. KCS Wealth Advisory now owns 12,952 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 813 shares during the period. Finally, Fiduciary Group LLC lifted its holdings in shares of Vornado Realty Trust by 4.3% in the 2nd quarter. Fiduciary Group LLC now owns 22,592 shares of the real estate investment trust’s stock valued at $1,670,000 after buying an additional 926 shares during the period. 79.02% of the stock is owned by institutional investors and hedge funds.

Shares of Vornado Realty Trust stock opened at $67.62 on Tuesday. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.36. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $79.56. The stock has a market capitalization of $12.71 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 4.63 and a beta of 0.90.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Vornado Realty Trust had a net margin of 16.89% and a return on equity of 8.55%. The business had revenue of $542.05 million during the quarter, compared to analysts’ expectations of $544.62 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Vornado Realty Trust’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts forecast that Vornado Realty Trust will post 3.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Monday, November 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 2nd. This represents a $2.52 annualized dividend and a yield of 3.73%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 67.56%.

Several brokerages have recently issued reports on VNO. SunTrust Banks reissued a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a report on Thursday, August 16th. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Monday, October 1st. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a research note on Monday, July 30th. Finally, Citigroup cut their price target on Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $79.80.

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Vornado Realty Trust Company Profile

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.

See Also: Cost of Capital

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

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