BT Investment Management Ltd acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,190 shares of the real estate investment trust’s stock, valued at approximately $2,647,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VNO. Bessemer Group Inc. increased its holdings in shares of Vornado Realty Trust by 62.1% during the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 419 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Vornado Realty Trust by 62.5% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 500 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Vornado Realty Trust during the 1st quarter valued at about $139,000. Advisors Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 98.9% during the 1st quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 741 shares during the last quarter. Finally, Exane Asset Management acquired a new position in shares of Vornado Realty Trust during the 2nd quarter valued at about $187,000. 85.95% of the stock is currently owned by institutional investors and hedge funds.

VNO has been the topic of a number of research analyst reports. Barclays PLC lowered 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, July 18th. Zacks Investment Research lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 target price (down previously from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Evercore ISI raised Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 target price on the stock in a report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $96.30.

Shares of Vornado Realty Trust (VNO) opened at 75.11 on Monday. The firm has a 50 day moving average price of $75.83 and a 200-day moving average price of $78.21. The company has a market cap of $14.23 billion, a P/E ratio of 16.22 and a beta of 0.99. Vornado Realty Trust has a 12 month low of $73.02 and a 12 month high of $111.72.

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, topping analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $626.04 million for the quarter, compared to the consensus estimate of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share. Analysts anticipate that Vornado Realty Trust will post $1.22 earnings per share for the current fiscal year.

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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)

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