Lazard Asset Management Decreased Doctor Reddy’s (RDY) Position; Vornado Realty Trust Has 1.05 Sentiment

February 11, 2018 - By Vivian Park

Vornado Realty Trust is a publicly owned real estate investment trust. The company has market cap of $13.70 billion. The firm invests in the real estate markets of the United States. It has a 16.44 P/E ratio. It makes investments in commercial real estate properties to create its portfolio.

Lazard Asset Management Llc decreased Doctor Reddy’s (RDY) stake by 79.7% reported in 2017Q3 SEC filing. Lazard Asset Management Llc sold 14,861 shares as Doctor Reddy’s (RDY)’s stock declined 4.67%. The Lazard Asset Management Llc holds 3,786 shares with $135,000 value, down from 18,647 last quarter. Doctor Reddy’s now has $5.83B valuation. The stock increased 3.24% or $1.07 during the last trading session, reaching $34.11. About 374,070 shares traded or 16.12% up from the average. Dr. Reddy's Laboratories Limited (NYSE:RDY) has declined 7.23% since February 11, 2017 and is downtrending. It has underperformed by 23.93% the S&P500.

Lazard Asset Management Llc increased Yandex Nv (NASDAQ:YNDX) stake by 1.12 million shares to 4.42M valued at $145.62 million in 2017Q3. It also upped Deluxe Corp (NYSE:DLX) stake by 85,975 shares and now owns 587,621 shares. Conocophillips (NYSE:COP) was raised too.

Among 7 analysts covering Dr. Reddy’s (NYSE:RDY), 1 have Buy rating, 4 Sell and 2 Hold. Therefore 14% are positive. Dr. Reddy’s had 9 analyst reports since November 10, 2015 according to SRatingsIntel. The stock of Dr. Reddy's Laboratories Limited (NYSE:RDY) earned “Underperform” rating by Jefferies on Wednesday, November 1. The firm has “Underperform” rating given on Wednesday, July 27 by Jefferies. On Friday, September 1 the stock rating was maintained by Jefferies with “Sell”. The stock of Dr. Reddy's Laboratories Limited (NYSE:RDY) has “Overweight” rating given on Thursday, September 21 by Morgan Stanley. Deutsche Bank initiated the stock with “Sell” rating in Wednesday, December 2 report. Goldman Sachs initiated the shares of RDY in report on Monday, May 2 with “Neutral” rating. The rating was downgraded by Citigroup to “Neutral” on Tuesday, November 10. The firm has “Sell” rating given on Friday, July 28 by CLSA. HSBC downgraded the stock to “Reduce” rating in Wednesday, July 27 report.

V3 Capital Management L.P. holds 11.34% of its portfolio in Vornado Realty Trust for 750,745 shares. Lasalle Investment Management Securities Llc owns 4.38 million shares or 5.14% of their US portfolio. Moreover, Green Street Investors Llc has 4.57% invested in the company for 98,300 shares. The California-based Adelante Capital Management Llc has invested 3.99% in the stock. Security Capital Research & Management Inc, a Illinois-based fund reported 1.49 million shares.

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