Strs Ohio Takes Position in Vornado Realty Trust $VNO

Key Points

• Strs Ohio has acquired a new position in Vornado Realty Trust, purchasing 31,775 shares valued at approximately $1.175 million during the first quarter.
• Several institutional investors have increased their stakes in Vornado Realty Trust, with hedge funds and other investors owning 90.02% of the stock.
• Vornado Realty Trust reported an EPS of $0.56 for the last quarter, exceeding expectations, but revenue fell 2.0% year-over-year.

Strs Ohio acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,775 shares of the real estate investment trust's stock, valued at approximately $1,175,000.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Vornado Realty Trust during the 1st quarter worth about $2,151,000. Teacher Retirement System of Texas bought a new position in Vornado Realty Trust during the 1st quarter worth about $876,000. Handelsbanken Fonder AB increased its holdings in Vornado Realty Trust by 20.7% during the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock worth $1,898,000 after purchasing an additional 8,800 shares in the last quarter. GAMMA Investing LLC increased its holdings in Vornado Realty Trust by 18.2% during the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock worth $208,000 after purchasing an additional 868 shares in the last quarter. Finally, Fifth Third Bancorp increased 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 worth $82,000 after purchasing an additional 312 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded down $0.45 during midday trading on Friday, reaching $41.47. 6,274,347 shares of the company's stock were exchanged, compared to its average volume of 1,534,196. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 5.23 and a beta of 1.58. The stock's 50-day simple moving average is $38.79 and its 200 day simple moving average is $37.96.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. On average, analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.42% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on VNO. Piper Sandler increased their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Bank of America decreased their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Monday, August 25th. Evercore ISI raised their price objective on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday. Barclays raised their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Finally, Scotiabank decreased their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $38.64.

Vornado Realty Trust Company Profile

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