Strs Ohio Makes New $1.18 Million Investment 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 purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,775 shares of the real estate investment trust's stock, valued at approximately $1,175,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Vornado Realty Trust in the first quarter valued at approximately $2,151,000. Teacher Retirement System of Texas bought a new position in Vornado Realty Trust in the first quarter valued at approximately $876,000. Handelsbanken Fonder AB increased its stake in Vornado Realty Trust by 20.7% in the first quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock valued at $1,898,000 after acquiring an additional 8,800 shares during the last quarter. GAMMA Investing LLC increased its stake in Vornado Realty Trust by 18.2% in the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock valued at $208,000 after acquiring an additional 868 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 312 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Vornado Realty Trust Stock Performance

VNO traded down $0.45 on Friday, hitting $41.47. The company's stock had a trading volume of 6,274,347 shares, compared to its average volume of 2,110,497. The company's 50 day simple moving average is $38.85 and its 200-day simple moving average is $37.95. The firm has a market cap of $7.96 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 5.25 and a beta of 1.58. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results 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. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. During the same period in the prior year, the company posted $0.57 EPS. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VNO. Scotiabank decreased their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Truist Financial boosted their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research note on Friday, September 12th. Mizuho dropped their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Citigroup upgraded shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and upped their price objective for the company from $34.00 to $42.00 in a report on Friday, September 12th. Finally, Evercore ISI upped their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.64.

Vornado Realty Trust Profile

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