5 Real Estate Dividend Stocks to Buy in August 2021

4. Vornado Realty Trust (NYSE: VNO)

Number of Hedge Fund Holders: 25
Dividend Yield: 4.9%

Vornado Realty Trust (NYSE: VNO) is next on our list of real estate dividend stocks to buy in August 2021 and ranks 4th. The company is a Maryland-founded REIT now based in New York and invests in office buildings and street retail in Manhattan.

BMO Capital reiterated an Outperform rating on shares of Vornado Realty Trust (NYSE: VNO) this August. Analyst John Kim also kept a $52 price target on the shares, commenting that Vornado Realty Trust (NYSE: VNO) is holding “steady” despite facing weak demand.

In the second quarter of 2021, Vornado Realty Trust (NYSE: VNO) had an FFO of $0.80, beating estimates by $0.09. The company’s revenue was $378.94 million, up 10.47% year over year and also beating estimates by $41,000. Vornado Realty Trust (NYSE: VNO) has also gained 13.48% in the past 6 months and 15.74% year to date.

By the end of the first quarter of 2021, 25 hedge funds out of the 866 tracked by Insider Monkey held stakes in Vornado Realty Trust (NYSE: VNO) worth roughly $216 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $178 million.