Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vornado Realty Trust (NYSE:VNO) by 20.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,063 shares of the real estate investment trust’s stock after buying an additional 10,482 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vornado Realty Trust were worth $5,828,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in shares of Vornado Realty Trust by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 2,069 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 16 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Vornado Realty Trust by 0.6% in the first quarter. 1st Global Advisors Inc. now owns 3,049 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 19 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Vornado Realty Trust by 0.7% in the second quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 29 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Vornado Realty Trust by 0.8% in the first quarter. Cleararc Capital Inc. now owns 4,198 shares of the real estate investment trust’s stock worth $421,000 after buying an additional 35 shares in the last quarter. Finally, Parametrica Management Ltd raised its stake in shares of Vornado Realty Trust by 2.4% in the second quarter. Parametrica Management Ltd now owns 2,281 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

Vornado Realty Trust (NYSE:VNO) opened at 74.99 on Friday. The stock’s 50 day moving average is $76.92 and its 200-day moving average is $79.14. Vornado Realty Trust has a one year low of $73.02 and a one year high of $111.72. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 16.20 and a beta of 0.99.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.09. The business had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 EPS. On average, equities research analysts expect that Vornado Realty Trust will post $1.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.40 annualized dividend and a yield of 3.20%. Vornado Realty Trust’s payout ratio is currently 51.72%.

WARNING: “Vornado Realty Trust (VNO) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/vornado-realty-trust-vno-shares-bought-by-zurcher-kantonalbank-zurich-cantonalbank/1537694.html.

A number of analysts have weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $78.00 target price (down previously from $81.00) on shares of Vornado Realty Trust in a research report on Friday. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Citigroup Inc. cut their price target on shares of Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and set a $113.00 price target (up previously from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $96.30.

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)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.