New York State Teachers Retirement System reduced its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,911 shares of the real estate investment trust's stock after selling 9,689 shares during the period. New York State Teachers Retirement System owned about 0.08% of Vornado Realty Trust worth $5,915,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in Vornado Realty Trust in the 4th quarter worth about $729,073,000. Franklin Resources Inc. lifted its stake in Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after acquiring an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after acquiring an additional 278,409 shares in the last quarter. Invesco Ltd. lifted its stake in Vornado Realty Trust by 111.3% in the 4th quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after acquiring an additional 1,651,819 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vornado Realty Trust by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock worth $131,686,000 after acquiring an additional 25,209 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
VNO has been the subject of several research analyst reports. Truist Financial increased their price objective on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Piper Sandler raised their price target 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. Morgan Stanley raised their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. Barclays raised their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and an average target price of $37.91.
Get Our Latest Stock Report on VNO
Vornado Realty Trust Stock Performance
Shares of VNO stock traded up $0.18 during trading on Wednesday, reaching $37.82. The company had a trading volume of 1,498,279 shares, compared to its average volume of 1,619,576. The firm's 50 day simple moving average is $38.74 and its two-hundred day simple moving average is $38.88. 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 has a one year low of $26.09 and a one year high of $46.63. The company has a market capitalization of $7.26 billion, a PE ratio of 72.73, a PEG ratio of 13.83 and a beta of 1.50.
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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $452.68 million. During the same period last year, the business earned $0.55 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Insider Buying and Selling at Vornado Realty Trust
In related news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.42% of the company's stock.
Vornado Realty Trust Company Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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