Vornado Realty Trust (VNO) Shares Bought by Linscomb & Williams Inc.

Linscomb & Williams Inc. lifted its stake in Vornado Realty Trust (NYSE:VNO) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,110 shares of the real estate investment trust’s stock after purchasing an additional 2 shares during the period. Linscomb & Williams Inc.’s holdings in Vornado Realty Trust were worth $292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its holdings in Vornado Realty Trust by 1.6% during 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 acquiring an additional 90 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Vornado Realty Trust by 16.8% during the 1st quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after acquiring an additional 480 shares in the last quarter. Teachers Advisors LLC grew its holdings in Vornado Realty Trust by 77.7% during the 1st quarter. Teachers Advisors LLC now owns 497,457 shares of the real estate investment trust’s stock worth $49,900,000 after acquiring an additional 217,577 shares in the last quarter. Global X Management Co. LLC grew its holdings in Vornado Realty Trust by 44.6% during 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 acquiring an additional 630 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Vornado Realty Trust by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 24,521,890 shares of the real estate investment trust’s stock worth $2,459,792,000 after acquiring an additional 457,208 shares in the last quarter. Hedge funds and other institutional investors own 85.95% of the company’s stock.

Vornado Realty Trust (NYSE:VNO) traded up 0.308% during mid-day trading on Friday, hitting $79.815. 75,808 shares of the company’s stock traded hands. The stock has a market cap of $15.12 billion, a PE ratio of 17.239 and a beta of 1.00. The firm’s 50-day moving average price is $75.78 and its 200-day moving average price is $77.12. Vornado Realty Trust has a one year low of $69.81 and a one year 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 EPS for the quarter, topping 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 business had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. During the same period in the previous year, the company posted $1.21 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts forecast that Vornado Realty Trust will post $1.25 EPS for the current fiscal year.

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Several brokerages have issued reports on VNO. Citigroup Inc. dropped their target price on shares of Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Bank of America Corporation reiterated a “buy” rating and set a $113.00 target price (up from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $81.00 target price on shares of Vornado Realty Trust in a report on Saturday, July 22nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $87.00 target price (up from $86.00) on shares of Vornado Realty Trust in a report on Wednesday, August 2nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $96.27.

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.

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

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