New York State Common Retirement Fund Raises Stock Position in Vornado Realty Trust (NYSE:VNO)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FIL Ltd purchased a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $49,000. UMB Bank n.a. grew its stake in Vornado Realty Trust by 67.7% during the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 523 shares in the last quarter. Friedenthal Financial bought a new stake in Vornado Realty Trust in the 1st quarter valued at $75,000. Quarry LP lifted its stake in Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 761 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Vornado Realty Trust by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Trading Down 0.6%

Shares of Vornado Realty Trust stock traded down $0.22 during trading on Tuesday, hitting $38.53. The stock had a trading volume of 2,073,752 shares, compared to its average volume of 1,612,219. The stock has a market cap of $7.40 billion, a PE ratio of 74.10, a PEG ratio of 14.18 and a beta of 1.50. Vornado Realty Trust has a 12 month low of $26.19 and a 12 month high of $46.63. The firm's fifty day simple moving average is $38.81 and its 200-day simple moving average is $38.78. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VNO has been the topic of several research reports. Mizuho reduced their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday. Piper Sandler lifted their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Scotiabank raised their target price 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, Truist Financial upped 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $38.09.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, the executive vice president owned 30,000 shares in the company, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.42% of the stock is owned by company insiders.

About Vornado Realty Trust

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