Real Estate Management Services LLC maintained its stake in shares of Vornado Realty Trust (NYSE:VNO) during the second quarter, Holdings Channel reports. The institutional investor owned 82,200 shares of the real estate investment trust’s stock at the end of the second quarter. Vornado Realty Trust makes up 1.5% of Real Estate Management Services LLC’s investment portfolio, making the stock its 22nd largest position. Real Estate Management Services LLC’s holdings in Vornado Realty Trust were worth $7,719,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position 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. boosted its position 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. Ladenburg Thalmann Financial Services Inc. boosted 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 in the last quarter. Cleararc Capital Inc. boosted its position 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, Courier Capital LLC boosted its position in shares of Vornado Realty Trust by 1.6% in the first quarter. Courier Capital LLC now owns 3,592 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 56 shares in the last quarter. 87.55% of the stock is owned by institutional investors.

Shares of Vornado Realty Trust (NYSE VNO) traded down 0.764% during trading on Friday, reaching $78.595. The company’s stock had a trading volume of 456,802 shares. The stock’s 50 day moving average is $76.18 and its 200 day moving average is $81.05. Vornado Realty Trust has a one year low of $69.81 and a one year high of $90.32. The firm has a market cap of $14.88 billion, a P/E ratio of 15.179 and a beta of 0.96.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.64. The company had revenue of $620.85 million for the quarter, compared to analysts’ expectations of $642 million. Vornado Realty Trust had a return on equity of 6.84% and a net margin of 42.35%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.61) earnings per share. On average, equities analysts forecast that Vornado Realty Trust will post $1.19 EPS for the current fiscal year.

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A number of brokerages recently issued reports on VNO. Evercore ISI reiterated an “outperform” rating and issued a $86.00 target price (down from $106.00) on shares of Vornado Realty Trust in a report on Friday. Citigroup Inc. cut their target price on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays PLC cut their target price on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, TheStreet cut Vornado Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $102.38.

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

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