American Investment Services Inc. continued to hold its position in shares of Vornado Realty Trust (NYSE:VNO) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,859 shares of the real estate investment trust’s stock at the end of the first quarter. American Investment Services Inc.’s holdings in Vornado Realty Trust were worth $487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Vornado Realty Trust during the third quarter valued at about $105,000. Global X Management Co. LLC increased its position in shares of Vornado Realty Trust by 97.2% in the third quarter. Global X Management Co. LLC now owns 1,138 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 561 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Vornado Realty Trust by 1.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,404 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 20 shares during the period. First Allied Advisory Services Inc. bought a new position in shares of Vornado Realty Trust during the fourth quarter worth $210,000. Finally, IFM Investors Pty Ltd bought a new position in shares of Vornado Realty Trust during the fourth quarter worth $223,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO) opened at 101.57 on Friday. Vornado Realty Trust has a 12 month low of $86.35 and a 12 month high of $111.72. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 23.43 and a beta of 0.88. The company’s 50 day moving average is $102.95 and its 200-day moving average is $101.51.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.18. The business had revenue of $638.26 million for the quarter, compared to analyst estimates of $637.56 million. Vornado Realty Trust had a return on equity of 4.57% and a net margin of 36.19%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 EPS. On average, analysts expect that Vornado Realty Trust will post $2.19 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on VNO shares. Deutsche Bank AG increased their price objective on shares of Vornado Realty Trust from $97.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, March 20th. Evercore ISI increased their price objective on shares of Vornado Realty Trust from $113.00 to $114.00 and gave the company an “in-line” rating in a research report on Monday, March 27th. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b+” rating in a report on Monday, February 13th. Finally, Barclays PLC upped their target price on shares of Vornado Realty Trust from $101.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, March 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $110.93.

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.

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