TLP Group LLC grew its stake in shares of Vornado Realty Trust (NYSE:VNO) by 123.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,010 shares of the real estate investment trust’s stock after acquiring an additional 2,767 shares during the quarter. Vornado Realty Trust comprises approximately 0.4% of TLP Group LLC’s portfolio, making the stock its 13th biggest position. TLP Group LLC’s holdings in Vornado Realty Trust were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 419 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Vornado Realty Trust by 62.5% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 500 shares in the last quarter. Perigon Wealth Management LLC bought a new position in shares of Vornado Realty Trust during the first quarter valued at $139,000. Advisors Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 98.9% during the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 741 shares in the last quarter. Finally, Exane Asset Management bought a new position in shares of Vornado Realty Trust during the second quarter valued at $187,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.

Vornado Realty Trust (NYSE:VNO) traded up 0.04% during midday trading on Friday, hitting $75.66. The company had a trading volume of 2,078,848 shares. The stock has a market capitalization of $14.33 billion, a PE ratio of 16.34 and a beta of 0.99. The stock has a 50 day moving average price of $75.53 and a 200-day moving average price of $77.86. Vornado Realty Trust has a 52 week low of $69.81 and a 52 week high of $90.32.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same period in the prior year, the company posted $1.21 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that Vornado Realty Trust will post $1.22 EPS for the current year.

Several equities analysts have recently weighed in on VNO shares. Morgan Stanley restated an “equal weight” rating and set a $95.00 price target (down from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, August 24th. TheStreet downgraded Vornado Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. Barclays PLC reduced their price target on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Finally, Citigroup Inc. dropped their price objective on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Vornado Realty Trust presently has an average rating of “Hold” and an average target price of $96.30.

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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.

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

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