Amalgamated Bank lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 60.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,373 shares of the real estate investment trust’s stock after buying an additional 7,313 shares during the period. Amalgamated Bank’s holdings in Vornado Realty Trust were worth $1,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of 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 valued at $2,459,792,000 after buying an additional 457,208 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Vornado Realty Trust by 2.9% during the 2nd quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock valued at $1,539,465,000 after buying an additional 461,768 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vornado Realty Trust by 28.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,869,084 shares of the real estate investment trust’s stock valued at $551,106,000 after buying an additional 1,284,107 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Vornado Realty Trust by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock valued at $429,864,000 after buying an additional 524,562 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Vornado Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,326,506 shares of the real estate investment trust’s stock valued at $233,372,000 after buying an additional 26,863 shares in the last quarter. 85.95% of the stock is currently owned by institutional investors.

Vornado Realty Trust (VNO) opened at 73.37 on Wednesday. Vornado Realty Trust has a 52 week low of $69.81 and a 52 week high of $90.32. The firm has a 50-day moving average price of $75.53 and a 200-day moving average price of $77.86. The stock has a market capitalization of $13.90 billion, a PE ratio of 15.85 and a beta of 0.99.

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 research analysts predict that Vornado Realty Trust will post $1.22 EPS for the current fiscal year.

A number of brokerages recently weighed in on VNO. Evercore ISI reissued an “outperform” rating and set a $87.00 price objective (up from $86.00) on shares of Vornado Realty Trust in a report on Wednesday, August 2nd. Zacks Investment Research raised Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Argus raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, August 24th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Citigroup Inc. decreased their price objective on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $96.30.

TRADEMARK VIOLATION WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/09/20/amalgamated-bank-increases-position-in-vornado-realty-trust-vno.html.

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 MarketBeat.com's FREE daily email newsletter.