Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,000 shares of the real estate investment trust's stock, valued at approximately $1,471,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of VNO. Jefferies Financial Group Inc. bought a new position in Vornado Realty Trust in the 4th quarter valued at about $514,000. Yoffe Investment Management LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at about $222,000. GF Fund Management CO. LTD. purchased a new stake in Vornado Realty Trust during the fourth quarter worth about $124,000. Woodline Partners LP bought a new stake in Vornado Realty Trust in the fourth quarter worth about $8,009,000. Finally, Zurich Insurance Group Ltd FI boosted its stake in Vornado Realty Trust by 11.7% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 500,367 shares of the real estate investment trust's stock valued at $21,035,000 after acquiring an additional 52,276 shares during the last quarter. Institutional investors own 90.02% of the company's stock.
Insiders Place Their Bets
In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president now owns 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.42% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on VNO shares. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Piper Sandler raised their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley boosted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $38.09.
Read Our Latest Research Report on VNO
Vornado Realty Trust Stock Performance
Shares of NYSE:VNO traded down $1.00 during midday trading on Friday, reaching $37.66. 1,324,147 shares of the company traded hands, compared to its average volume of 1,612,362. Vornado Realty Trust has a 12 month low of $23.50 and a 12 month high of $46.63. The firm's fifty day moving average price is $36.38 and its two-hundred day moving average price is $39.61. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 941.50, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Vornado Realty Trust's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. On average, equities analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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