Vornado Realty Trust (NYSE:VNO) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 908,545 shares of the real estate investment trust's stock after acquiring an additional 6,678 shares during the period. New York State Common Retirement Fund owned 0.47% of Vornado Realty Trust worth $33,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares in the last quarter. Vident Advisory LLC lifted its stake in Vornado Realty Trust by 4.7% in the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after buying an additional 344 shares in the last quarter. State of Michigan Retirement System lifted its stake in Vornado Realty Trust by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock valued at $1,469,000 after buying an additional 400 shares in the last quarter. Mariner LLC lifted its stake in Vornado Realty Trust by 0.9% in the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock valued at $1,903,000 after buying an additional 404 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Vornado Realty Trust by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,058 shares of the real estate investment trust's stock valued at $3,240,000 after buying an additional 480 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VNO. Mizuho decreased their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday. Truist Financial raised their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Piper Sandler increased their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Scotiabank increased their price objective on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vornado Realty Trust presently has a consensus rating of "Hold" and an average target price of $38.09.

Vornado Realty Trust Trading Down 0.1%

Shares of Vornado Realty Trust stock traded down $0.05 during trading hours on Friday, hitting $38.28. The company's stock had a trading volume of 688,227 shares, compared to its average volume of 1,618,406. The company has a market capitalization of $7.35 billion, a PE ratio of 73.68, a P/E/G ratio of 14.34 and a beta of 1.50. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 1-year low of $26.19 and a 1-year high of $46.63. The business has a fifty day moving average of $38.85 and a 200 day moving average of $38.74.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. Vornado Realty Trust's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. As a group, equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.42% of the company's stock.

About Vornado Realty Trust

Vornado Realty Trust is a fully - integrated equity real estate investment trust.