Westwood Holdings Group Inc. decreased its position in Vornado Realty Trust (NYSE:VNO) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,465 shares of the real estate investment trust’s stock after selling 327 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Vornado Realty Trust were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in VNO. Municipal Employees Retirement System of Michigan lifted its position in Vornado Realty Trust by 1.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,550 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 90 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Vornado Realty Trust by 16.8% in the 1st quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 480 shares during the last quarter. Teachers Advisors LLC lifted its position in Vornado Realty Trust by 77.7% in the 1st quarter. Teachers Advisors LLC now owns 497,457 shares of the real estate investment trust’s stock worth $49,900,000 after buying an additional 217,577 shares during the last quarter. Global X Management Co. LLC lifted its position in Vornado Realty Trust by 44.6% in the 1st quarter. Global X Management Co. LLC now owns 2,041 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 630 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Vornado Realty Trust by 266.6% in the 1st quarter. Lazard Asset Management LLC now owns 21,273 shares of the real estate investment trust’s stock worth $2,133,000 after buying an additional 15,470 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Westwood Holdings Group Inc. Sells 327 Shares of Vornado Realty Trust (VNO)” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://theolympiareport.com/2017/10/17/westwood-holdings-group-inc-sells-327-shares-of-vornado-realty-trust-vno.html.

VNO has been the subject of a number of recent research reports. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Thursday, August 24th. Citigroup Inc. dropped their target price on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, July 19th. Bank of America Corporation restated a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Sandler O’Neill restated a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Finally, TheStreet downgraded Vornado Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $96.27.

Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.260% during mid-day trading on Tuesday, reaching $78.725. The company’s stock had a trading volume of 25,867 shares. The company has a 50-day moving average price of $75.98 and a 200 day moving average price of $77.06. Vornado Realty Trust has a 52-week low of $69.81 and a 52-week high of $90.32. The company has a market cap of $14.92 billion, a PE ratio of 17.003 and a beta of 1.00.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. The business had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. Equities analysts expect that Vornado Realty Trust will post $1.25 earnings per share for the current year.

Vornado Realty Trust Company 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.

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO).

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

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.