Kissinger Financial Services LLC cut its position in Vornado Realty Trust (NYSE:VNO) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 16,407 shares of the real estate investment trust’s stock after selling 125 shares during the period. Vornado Realty Trust makes up 1.7% of Kissinger Financial Services LLC’s holdings, making the stock its 22nd largest position. Kissinger Financial Services LLC’s holdings in Vornado Realty Trust were worth $1,646,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VNO. Morgan Stanley raised its position in Vornado Realty Trust by 0.6% in the third quarter. Morgan Stanley now owns 8,914,752 shares of the real estate investment trust’s stock worth $902,263,000 after buying an additional 55,207 shares during the period. Cigna Investments Inc. New acquired a new position in Vornado Realty Trust during the fourth quarter worth $661,000. Zurich Insurance Group Ltd FI acquired a new position in Vornado Realty Trust during the fourth quarter worth $3,982,000. Advantus Capital Management Inc raised its position in Vornado Realty Trust by 4.4% in the third quarter. Advantus Capital Management Inc now owns 411,223 shares of the real estate investment trust’s stock worth $41,620,000 after buying an additional 17,263 shares during the period. Finally, Aviva PLC raised its position in Vornado Realty Trust by 5.9% in the fourth quarter. Aviva PLC now owns 111,032 shares of the real estate investment trust’s stock worth $11,590,000 after buying an additional 6,138 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.74% during mid-day trading on Tuesday, hitting $102.30. 246,815 shares of the stock were exchanged. The stock has a market cap of $19.34 billion, a PE ratio of 23.60 and a beta of 0.88. Vornado Realty Trust has a one year low of $86.35 and a one year high of $111.72. The company has a 50-day moving average of $103.61 and a 200 day moving average of $101.49.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 13th. The real estate investment trust reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.18. Vornado Realty Trust had a return on equity of 4.57% and a net margin of 36.19%. The company had revenue of $638.26 million for the quarter, compared to analyst estimates of $637.56 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Vornado Realty Trust will post $2.19 earnings per share for the current year.

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A number of research analysts have weighed in on VNO shares. Barclays PLC decreased their target price on shares of Vornado Realty Trust from $103.00 to $101.00 and set a “hold” rating on the stock in a research note on Monday, January 23rd. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b+” rating in a report on Monday, February 13th. Deutsche Bank AG raised their price target on shares of Vornado Realty Trust from $97.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, March 20th. Finally, Evercore ISI raised their price target on shares of Vornado Realty Trust from $113.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, March 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $110.93.

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.

5 Day Chart for NYSE:VNO

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