Aberdeen Asset Management PLC UK grew its position in shares of Vornado Realty Trust (NYSE:VNO) by 52.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 181,257 shares of the real estate investment trust’s stock after purchasing an additional 62,726 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.10% of Vornado Realty Trust worth $17,020,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 419 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Vornado Realty Trust by 62.5% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 500 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Vornado Realty Trust during the first quarter worth about $139,000. Advisors Asset Management Inc. grew its holdings in shares of Vornado Realty Trust by 98.9% during the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 741 shares during the last quarter. Finally, Exane Asset Management purchased a new position in shares of Vornado Realty Trust during the second quarter worth about $187,000. 86.07% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on VNO shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $95.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. Argus raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, August 24th. TheStreet lowered Vornado Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. Barclays PLC dropped their price objective on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Finally, Deutsche Bank AG dropped their price objective on Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating on the stock in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $96.30.

Vornado Realty Trust (VNO) opened at 74.91 on Tuesday. Vornado Realty Trust has a 12-month low of $69.81 and a 12-month high of $90.32. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 16.18 and a beta of 0.99. The company’s 50 day moving average price is $76.27 and its 200-day moving average price is $78.50.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis 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 presently 51.72%.

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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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