Bragg Financial Advisors Inc reduced its position in Vornado Realty Trust (NYSE:VNO) by 3.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,800 shares of the real estate investment trust’s stock after selling 214 shares during the period. Bragg Financial Advisors Inc’s holdings in Vornado Realty Trust were worth $688,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. boosted its stake in shares of Vornado Realty Trust by 0.7% in the third quarter. Raymond James Trust N.A. now owns 2,245 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 15 shares in the last quarter. Conning Inc. boosted its stake in shares of Vornado Realty Trust by 0.4% in the second quarter. Conning Inc. now owns 5,370 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 20 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in shares of Vornado Realty Trust by 0.9% in the third quarter. 1st Global Advisors Inc. now owns 3,085 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 27 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Vornado Realty Trust by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 13,296 shares of the real estate investment trust’s stock worth $1,346,000 after buying an additional 35 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Vornado Realty Trust by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,355 shares of the real estate investment trust’s stock worth $441,000 after buying an additional 67 shares in the last quarter. 87.52% of the stock is currently owned by hedge funds and other institutional investors.

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

Vornado Realty Trust (NYSE:VNO) traded down 0.27% during trading on Friday, reaching $104.29. The company had a trading volume of 678,021 shares. The stock has a market capitalization of $19.71 billion, a P/E ratio of 49.17 and a beta of 0.89. The stock has a 50 day moving average of $102.90 and a 200-day moving average of $100.25. Vornado Realty Trust has a 12-month low of $78.91 and a 12-month high of $108.69.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, October 31st. The real estate investment trust reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $631.60 million. Vornado Realty Trust had a return on equity of 4.98% and a net margin of 19.48%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. On average, analysts forecast that Vornado Realty Trust will post $1.26 earnings per share for the current fiscal year.

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A number of analysts have recently commented on the company. J P Morgan Chase & Co boosted their price target on Vornado Realty Trust from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 30th. Bank of America raised Vornado Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $108.00 to $114.00 in a research report on Friday, November 11th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Vornado Realty Trust presently has an average rating of “Buy” and a consensus target price of $107.83.

In other news, insider Mitchell N. Schear sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $102.64, for a total transaction of $1,539,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Macnow sold 40,000 shares of the business’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $102.98, for a total transaction of $4,119,200.00. Following the sale, the executive vice president now directly owns 30,000 shares of the company’s stock, valued at approximately $3,089,400. The disclosure for this sale can be found here. Insiders own 9.72% of the company’s stock.

About Vornado Realty Trust

Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.

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