New York State Teachers Retirement System Cuts Stake in Vornado Realty Trust (NYSE:VNO)

New York State Teachers Retirement System reduced its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,911 shares of the real estate investment trust's stock after selling 9,689 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Vornado Realty Trust worth $5,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Vornado Realty Trust by 67.7% during the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 523 shares during the last quarter. FIL Ltd bought a new stake in Vornado Realty Trust during the 4th quarter valued at $49,000. Assetmark Inc. raised its holdings in Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the last quarter. Friedenthal Financial bought a new stake in Vornado Realty Trust during the 1st quarter valued at $75,000. Finally, Fifth Third Bancorp raised its holdings in 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 valued at $82,000 after buying an additional 312 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, the executive vice president directly owned 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VNO shares. Barclays upped their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Morgan Stanley upped their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Truist Financial upped their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Piper Sandler upped their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. 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, the company has an average rating of "Hold" and a consensus target price of $37.91.

Vornado Realty Trust Stock Down 1.4%

Shares of NYSE:VNO traded down $0.52 during midday trading on Friday, reaching $37.76. The company's stock had a trading volume of 1,145,942 shares, compared to its average volume of 1,615,373. The firm has a 50 day moving average of $38.62 and a 200-day moving average of $38.94. The firm has a market capitalization of $7.25 billion, a P/E ratio of 72.62, a PEG ratio of 13.87 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 12-month low of $25.87 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

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