M&T Bank Corp lowered its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 53.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,506 shares of the real estate investment trust’s stock after selling 14,179 shares during the quarter. M&T Bank Corp’s holdings in Vornado Realty Trust were worth $1,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VNO. Bessemer Group Inc. grew its stake in Vornado Realty Trust by 62.1% in the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 419 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Vornado Realty Trust during the first quarter worth approximately $139,000. Advisors Asset Management Inc. increased its position in shares of Vornado Realty Trust by 98.9% during the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 741 shares during the period. Exane Asset Management purchased a new position in shares of Vornado Realty Trust during the second quarter worth approximately $187,000. Finally, Global X Management Co. LLC increased its position in shares of Vornado Realty Trust by 44.6% during the first quarter. Global X Management Co. LLC now owns 2,041 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 630 shares during the period. Institutional investors own 85.95% of the company’s stock.

Shares of Vornado Realty Trust (VNO) opened at 76.88 on Monday. The firm’s 50-day moving average price is $75.53 and its 200 day moving average price is $77.86. The company has a market cap of $14.57 billion, a PE ratio of 16.60 and a beta of 1.00. Vornado Realty Trust has a 12 month low of $72.77 and a 12 month high of $90.32.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts anticipate that Vornado Realty Trust will post $1.22 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on the company. Bank of America Corporation reiterated a “buy” rating and issued a $113.00 price target (up previously from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $86.00 to $77.00 in a report on Wednesday, August 30th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Evercore ISI reaffirmed an “outperform” rating and set a $86.00 target price (down from $106.00) on shares of Vornado Realty Trust in a research report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $78.00 target price (down from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $95.73.

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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