Neuberger Berman Group LLC Purchases 62,429 Shares of Vornado Realty Trust (VNO)

Neuberger Berman Group LLC lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,094 shares of the real estate investment trust’s stock after buying an additional 62,429 shares during the period. Neuberger Berman Group LLC owned about 0.28% of Vornado Realty Trust worth $41,292,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VNO. Bessemer Group Inc. boosted its position in 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 purchasing an additional 419 shares during the last quarter. Global X Management Co. LLC boosted its position in Vornado Realty Trust by 14.5% during the second quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 295 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Vornado Realty Trust by 17.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 15,439 shares of the real estate investment trust’s stock valued at $1,498,000 after purchasing an additional 2,332 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Vornado Realty Trust by 48.3% during the second quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 719 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Vornado Realty Trust by 6.0% during the second quarter. Legal & General Group Plc now owns 1,307,273 shares of the real estate investment trust’s stock valued at $122,750,000 after purchasing an additional 74,102 shares during the last quarter. 86.00% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. Zacks Investment Research cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $84.00 in a research report on Tuesday, October 10th. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Finally, JPMorgan Chase & Co. cut Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $91.75.

Vornado Realty Trust (VNO) traded up $0.22 on Thursday, hitting $72.88. The stock had a trading volume of 675,990 shares, compared to its average volume of 856,286. The firm has a market capitalization of $14,000.00, a PE ratio of 17.35, a price-to-earnings-growth ratio of 4.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. Vornado Realty Trust has a 52 week low of $71.89 and a 52 week high of $89.38.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.90. The company had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. analysts forecast that Vornado Realty Trust will post 3.92 earnings per share for the current year.

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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.

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

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