Advantus Capital Management Inc grew its holdings in Vornado Realty Trust (NYSE:VNO) by 177.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 409,469 shares of the real estate investment trust’s stock after purchasing an additional 262,000 shares during the period. Vornado Realty Trust comprises approximately 0.8% of Advantus Capital Management Inc’s holdings, making the stock its 18th largest holding. Advantus Capital Management Inc owned approximately 215,646.20% of Vornado Realty Trust worth $31,480,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. OppenheimerFunds Inc. increased its stake in shares of Vornado Realty Trust by 16.8% during the first quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 480 shares during the period. DnB Asset Management AS increased its stake in shares of Vornado Realty Trust by 6.1% during the second quarter. DnB Asset Management AS now owns 17,528 shares of the real estate investment trust’s stock valued at $1,646,000 after buying an additional 1,000 shares during the period. Bank of Montreal Can increased its stake in shares of Vornado Realty Trust by 183.1% during the second quarter. Bank of Montreal Can now owns 217,799 shares of the real estate investment trust’s stock valued at $20,451,000 after buying an additional 140,861 shares during the period. National Pension Service increased its stake in shares of Vornado Realty Trust by 4.6% during the second quarter. National Pension Service now owns 160,884 shares of the real estate investment trust’s stock valued at $15,019,000 after buying an additional 7,093 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Vornado Realty Trust by 521.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,177 shares of the real estate investment trust’s stock valued at $2,646,000 after buying an additional 23,641 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.

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Shares of Vornado Realty Trust (NYSE:VNO) traded up $0.51 during mid-day trading on Thursday, reaching $74.75. The company had a trading volume of 345,636 shares, compared to its average volume of 1,131,064. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $111.72. The company has a market capitalization of $14,045.27, a P/E ratio of 18.13, a P/E/G ratio of 4.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The company had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. sell-side analysts predict that Vornado Realty Trust will post 3.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, November 3rd. Vornado Realty Trust’s payout ratio is currently 57.97%.

Several brokerages have recently commented on VNO. Zacks Investment Research lowered Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley restated an “equal weight” rating and set a $78.00 price target (down previously from $81.00) on shares of Vornado Realty Trust in a research note on Friday, September 1st. Evercore ISI restated an “outperform” rating and set a $87.00 price target (up previously from $86.00) on shares of Vornado Realty Trust in a research note on Wednesday, August 2nd. BidaskClub lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $93.67.

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.

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

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