Trade Report: Today, KBC Group NV invests in Vornado Realty Trust (VNO) Shares

Today, KBC Group NV invests in Vornado Realty Trust (VNO) Shares

KBC Group NV boosted its position in Vornado Realty Trust (NYSE:VNO) by 37.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,251 shares of the real estate investment trust’s stock after buying an additional 32,781 shares during the period. KBC Group NV owned approximately 0.06% of Vornado Realty Trust worth $12,170,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Security Capital Research & Management Inc. raised its position in shares of Vornado Realty Trust by 169.2% in the second quarter. Security Capital Research & Management Inc. now owns 2,339,947 shares of the real estate investment trust’s stock worth $234,275,000 after buying an additional 1,470,669 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Vornado Realty Trust during the second quarter worth $121,634,000. Standard Life Investments LTD raised its position in shares of Vornado Realty Trust by 843.0% in the third quarter. Standard Life Investments LTD now owns 1,342,028 shares of the real estate investment trust’s stock worth $135,813,000 after buying an additional 1,199,719 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Vornado Realty Trust by 43.0% in the second quarter. Bank of New York Mellon Corp now owns 3,553,344 shares of the real estate investment trust’s stock worth $355,762,000 after buying an additional 1,068,681 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its position in shares of Vornado Realty Trust by 43.2% in the second quarter. Brookfield Asset Management Inc. now owns 2,455,242 shares of the real estate investment trust’s stock worth $245,819,000 after buying an additional 740,541 shares in the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust (NYSE:VNO) traded up 0.44% during trading on Friday, reaching $96.91. 388,814 shares of the company’s stock traded hands. The company has a 50-day moving average price of $93.93 and a 200 day moving average price of $98.54. The firm has a market capitalization of $18.32 billion, a PE ratio of 45.69 and a beta of 0.90. Vornado Realty Trust has a one year low of $78.91 and a one year high of $108.69.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 31st. The real estate investment trust reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.03. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $631.60 million. Vornado Realty Trust had a return on equity of 4.98% and a net margin of 19.48%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. On average, analysts anticipate that Vornado Realty Trust will post $4.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.52 annualized dividend and a dividend yield of 2.60%. Vornado Realty Trust’s dividend payout ratio is presently 118.87%.

A number of brokerages recently weighed in on VNO. Bank of America Corp. upgraded shares of Vornado Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $108.00 to $114.00 in a research report on Friday, November 11th. TheStreet upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Finally, Argus restated a “hold” rating on shares of Vornado Realty Trust in a research report on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $106.94.

In other Vornado Realty Trust news, Director Daniel R. Tisch purchased 50,000 shares of Vornado Realty Trust stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average price of $88.53 per share, with a total value of $4,426,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.72% of the company’s stock.

Vornado Realty Trust Company Profile

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