Vornado Realty Trust (NYSE:VNO) Holdings Lessened by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in Vornado Realty Trust (NYSE:VNO) by 47.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,751 shares of the real estate investment trust’s stock after selling 126,992 shares during the period. Ameriprise Financial Inc. owned 0.07% of Vornado Realty Trust worth $10,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 419 shares during the period. Sun Life Financial INC boosted its stake in shares of Vornado Realty Trust by 13,866.7% in the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,248 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Vornado Realty Trust by 56.5% in the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 785 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Vornado Realty Trust by 48.3% in the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 719 shares during the period. Finally, Global X Management Co. LLC boosted its stake in shares of Vornado Realty Trust by 14.5% in the second quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 295 shares during the period. 86.00% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust (VNO) traded up $0.22 during trading hours on Thursday, hitting $72.88. The stock had a trading volume of 675,990 shares, compared to its average volume of 856,286. The firm has a market cap of $14,000.00, a P/E ratio of 17.35, a PEG ratio of 4.54 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a fifty-two week low of $71.89 and a fifty-two week high of $89.38.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities analysts forecast that Vornado Realty Trust will post 3.92 EPS for the current year.

A number of analysts have weighed in on the stock. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, October 17th. Sandler O’Neill reiterated a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Barclays reiterated a “hold” rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Vornado Realty Trust has an average rating of “Hold” and an average price target of $91.75.

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Vornado Realty Trust Profile

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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