490,000 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by Aew Capital Management L P

Aew Capital Management L P bought a new stake in Vornado Realty Trust (NYSE:VNO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 490,000 shares of the real estate investment trust’s stock, valued at approximately $20,600,000. Vornado Realty Trust makes up approximately 1.0% of Aew Capital Management L P’s portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VNO. Principal Financial Group Inc. lifted its stake in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after buying an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Bamco Inc. NY purchased a new stake in Vornado Realty Trust in the 3rd quarter valued at approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after buying an additional 955,071 shares in the last quarter. Finally, Heitman Real Estate Securities LLC lifted its stake in Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after buying an additional 947,562 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Evercore ISI increased their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point increased their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Trading Up 2.5 %

Shares of VNO opened at $42.03 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $8.02 billion, a P/E ratio of 1,050.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. The stock’s fifty day simple moving average is $41.44 and its 200 day simple moving average is $40.22. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is currently 1,850.00%.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.