Miles Capital Inc. held its stake in Vornado Realty Trust (NYSE:VNO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,799 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Miles Capital Inc.’s holdings in Vornado Realty Trust were worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Vornado Realty Trust by 1.9% in the first 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 during the last quarter. BlackRock Inc. increased its holdings in Vornado Realty Trust by 2.9% in the second 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in Vornado Realty Trust by 28.0% in the second 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 during the last quarter. Bank of New York Mellon Corp increased its holdings in Vornado Realty Trust by 12.9% in the second 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 during the last quarter. Finally, Northern Trust Corp increased its holdings in Vornado Realty Trust by 1.3% in the second quarter. Northern Trust Corp now owns 2,763,777 shares of the real estate investment trust’s stock valued at $259,519,000 after buying an additional 35,361 shares during the last quarter. 85.95% of the stock is currently owned by institutional investors and hedge funds.

VNO has been the subject of several research analyst reports. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Morgan Stanley reissued an “equal weight” rating and issued a $78.00 price objective (down from $81.00) on shares of Vornado Realty Trust in a report on Friday, September 1st. TheStreet lowered Vornado Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, June 20th. Zacks Investment Research raised Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Barclays PLC lowered their price objective 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $95.73.

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Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.54% during trading on Friday, reaching $76.88. The company’s stock had a trading volume of 1,400,437 shares. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 16.60 and a beta of 0.99. The company’s 50-day moving average price is $75.53 and its 200 day moving average price is $77.86. Vornado Realty Trust has a 1-year low of $72.77 and a 1-year high of $90.32.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The firm had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. During the same quarter in the prior year, the business posted $1.21 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that Vornado Realty Trust will post $1.22 EPS for the current year.

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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