Public Employees Retirement System of Ohio Invests $10.28 Million in Vornado Realty Trust $VNO

Key Points

• Ohio’s public employee pension fund acquired 261,666 Vornado Realty Trust shares worth approximately $10.28 million, giving it a 0.14% stake. Institutional investors collectively own 90.02% of Vornado’s stock.
• Vornado reported quarterly revenue of $462.24 million, exceeding estimates, but earnings per share of $0.08 missed consensus by $0.49. The stock opened at $37.40, down 2.1%, while analysts’ consensus rating remained “Hold” with a $39.82 price target.
• Analyst sentiment was mixed, with Morgan Stanley and UBS downgrading the stock to underweight while Citigroup and Truist raised price targets. Insider activity was also mixed: a director sold $4.88 million in shares, while another purchased 4,000 shares.

Public Employees Retirement System of Ohio acquired a new position in Vornado Realty Trust (NYSE:VNO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 261,666 shares of the real estate investment trust's stock, valued at approximately $10,283,000. Public Employees Retirement System of Ohio owned 0.14% of Vornado Realty Trust at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VNO. Norges Bank acquired a new position in shares of Vornado Realty Trust during the 4th quarter valued at $579,709,000. Resolution Capital Ltd grew its holdings in Vornado Realty Trust by 34.1% in the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust's stock worth $193,885,000 after purchasing an additional 1,895,846 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Vornado Realty Trust by 21.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust's stock valued at $301,300,000 after purchasing an additional 1,598,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vornado Realty Trust by 393,598.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust's stock valued at $34,983,000 after purchasing an additional 1,050,908 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Vornado Realty Trust by 129.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,398,378 shares of the real estate investment trust's stock valued at $36,344,000 after purchasing an additional 788,067 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Down 2.1%

Vornado Realty Trust stock opened at $37.40 on Tuesday. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 1,870.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.53. The firm's fifty day moving average price is $39.20 and its two-hundred day moving average price is $33.28. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.56.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.49). Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The business had revenue of $462.24 million for the quarter, compared to the consensus estimate of $454.46 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that Vornado Realty Trust will post 2.35 earnings per share for the current fiscal year.

Insider Transactions at Vornado Realty Trust

In other news, Director Michael D. Fascitelli sold 133,350 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the transaction, the director owned 475,161 shares in the company, valued at $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the company's stock in a transaction dated Monday, June 8th. The stock was bought at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, the director directly owned 13,000 shares of the company's stock, valued at approximately $220,220. This represents a 44.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 9.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley cut shares of Vornado Realty Trust from an "equal weight" rating to an "underweight" rating and set a $32.00 price objective on the stock. in a research report on Wednesday, July 22nd. Citigroup upped their price target on Vornado Realty Trust from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Weiss Ratings lowered Vornado Realty Trust from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Truist Financial raised their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, June 26th. Finally, UBS Group cut Vornado Realty Trust to an "underweight" rating in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.82.

About Vornado Realty Trust

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

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