Zurich Insurance Group Ltd FI decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,073 shares of the real estate investment trust’s stock after selling 487 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Vornado Realty Trust were worth $2,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its stake in Vornado Realty Trust by 3.2% during the second quarter. State of Wisconsin Investment Board now owns 175,374 shares of the real estate investment trust’s stock worth $16,468,000 after acquiring an additional 5,492 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Vornado Realty Trust by 521.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,177 shares of the real estate investment trust’s stock worth $2,646,000 after acquiring an additional 23,641 shares during the period. OppenheimerFunds Inc. raised its stake in Vornado Realty Trust by 16.8% during the first quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after acquiring an additional 480 shares during the period. BlackRock Inc. raised its stake in Vornado Realty Trust by 2,605.3% during the first quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock worth $1,598,235,000 after acquiring an additional 15,344,015 shares during the period. Finally, Andra AP fonden raised its stake in Vornado Realty Trust by 52.2% during the second quarter. Andra AP fonden now owns 47,800 shares of the real estate investment trust’s stock worth $4,488,000 after acquiring an additional 16,400 shares during the period. Hedge funds and other institutional investors own 85.95% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/zurich-insurance-group-ltd-fi-reduces-position-in-vornado-realty-trust-vno/1615351.html.

Vornado Realty Trust (NYSE:VNO) opened at 78.09 on Friday. The stock has a 50 day moving average of $75.19 and a 200 day moving average of $77.22. The company has a market capitalization of $14.80 billion, a PE ratio of 16.87 and a beta of 1.00. Vornado Realty Trust has a 12-month low of $69.81 and a 12-month 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 for the quarter, topping the Zacks’ 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 company had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Vornado Realty Trust will post $1.22 EPS for the current year.

VNO has been the topic of several research reports. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Morgan Stanley restated an “equal weight” rating and issued a $78.00 price target (down previously from $81.00) on shares of Vornado Realty Trust in a research note on Friday, September 1st. TheStreet lowered shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Barclays PLC dropped their price target on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $95.73.

Vornado Realty Trust 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 Analyst Ratings Network's FREE daily email newsletter.