5 Dividend Stock Picks by Martin Whitman’s Third Avenue

2. Vornado Realty Trust (NYSE:VNO) 

Third Avenue’s Stake Value: $9,276,000

Percentage of Third Avenue’s 13F Portfolio: 1.22%

Dividend Yield: 4.62%

Number of Hedge Fund Holders: 29

Vornado Realty Trust (NYSE:VNO) is one of the top dividend stock picks by Martin Whitman’s Third Avenue, with a yield of 4.62%. Vornado Realty Trust (NYSE:VNO) is a real estate investment trust, based in New York City.

On September 24, BofA analyst James Feldman upgraded the stock from Underperform to Neutral.

Jonathan Kolatch’s Redwood Capital Management is the leading stakeholder in Vornado Realty Trust (NYSE:VNO), with 931,901 shares worth $43.4 million. 

Baron Funds mentioned Vornado Realty Trust (NYSE:VNO) in its Q2 2021 investor letter. Here is what they said: 

“Vornado Realty Trust: Vornado is a REIT that owns a high-quality portfolio of office and street retail assets concentrated in New York City. As economic activity improves and employees return to work, we expect leasing and occupancy trends to improve. At its recent price of $47, we believe the shares are attractively valued at a 40% discount to our estimate of net asset value of $78 per share.”