Oakbrook Investments LLC Lowers Position in Vornado Realty Trust (VNO)

Oakbrook Investments LLC reduced its stake in shares of Vornado Realty Trust (NYSE:VNO) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,029 shares of the real estate investment trust’s stock after selling 390 shares during the period. Oakbrook Investments LLC’s holdings in Vornado Realty Trust were worth $660,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in Vornado Realty Trust by 2,605.3% in the first quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock valued at $1,598,235,000 after buying an additional 15,344,015 shares during the period. ProShare Advisors LLC raised its position in Vornado Realty Trust by 1,076.0% in the first quarter. ProShare Advisors LLC now owns 706,575 shares of the real estate investment trust’s stock valued at $8,099,000 after buying an additional 646,493 shares during the period. Daiwa Securities Group Inc. raised its position in Vornado Realty Trust by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 4,693,340 shares of the real estate investment trust’s stock valued at $470,789,000 after buying an additional 582,843 shares during the period. Vanguard Group Inc. raised its position 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 period. Finally, JPMorgan Chase & Co. raised its position in Vornado Realty Trust by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 4,584,977 shares of the real estate investment trust’s stock valued at $459,920,000 after buying an additional 367,657 shares during the period. 87.57% of the stock is owned by institutional investors and hedge funds.

Shares of Vornado Realty Trust (NYSE VNO) opened at 78.00 on Tuesday. The company has a 50 day moving average of $76.37 and a 200-day moving average of $80.90. Vornado Realty Trust has a 12-month low of $69.81 and a 12-month high of $90.32. The company has a market capitalization of $14.77 billion, a P/E ratio of 15.06 and a beta of 0.96.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.64. Vornado Realty Trust had a net margin of 42.35% and a return on equity of 6.84%. The company had revenue of $620.85 million for the quarter, compared to analyst estimates of $642 million. During the same quarter last year, the firm earned ($0.61) EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Vornado Realty Trust will post $1.19 EPS for the current fiscal year.

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VNO has been the subject of several research reports. Bank of America Corporation reaffirmed a “buy” rating and issued a $113.00 price target (up from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Evercore ISI reaffirmed an “in-line” rating and issued a $107.00 price target (down from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. Barclays PLC boosted their target price on shares of Vornado Realty Trust from $101.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 28th. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, TheStreet lowered shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $100.63.

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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