Teacher Retirement System of Texas acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,690 shares of the real estate investment trust's stock, valued at approximately $876,000.
A number of other large investors have also added to or reduced their stakes in VNO. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Vornado Realty Trust by 9.4% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,892 shares of the real estate investment trust's stock worth $1,291,000 after purchasing an additional 2,986 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Vornado Realty Trust by 1.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,243 shares of the real estate investment trust's stock worth $6,741,000 after purchasing an additional 2,198 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Vornado Realty Trust by 66.6% during the first quarter. Illinois Municipal Retirement Fund now owns 44,831 shares of the real estate investment trust's stock worth $1,658,000 after purchasing an additional 17,920 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Vornado Realty Trust during the first quarter worth about $719,000. Finally, Asset Management One Co. Ltd. boosted its stake in Vornado Realty Trust by 1.3% during the first quarter. Asset Management One Co. Ltd. now owns 248,300 shares of the real estate investment trust's stock valued at $9,185,000 after buying an additional 3,243 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Stock Down 0.0%
NYSE VNO traded down $0.00 during midday trading on Friday, hitting $38.33. 572,812 shares of the company traded hands, compared to its average volume of 1,433,545. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. The company has a market cap of $7.36 billion, a PE ratio of 73.74, a price-to-earnings-growth ratio of 14.34 and a beta of 1.50. The company's 50-day simple moving average is $38.85 and its 200-day simple moving average is $38.74. Vornado Realty Trust has a 52 week low of $26.19 and a 52 week high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on VNO. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Piper Sandler increased their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Truist Financial increased their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Mizuho dropped their price target on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Scotiabank raised their price objective on Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $38.09.
Read Our Latest Research Report on Vornado Realty Trust
Insider Buying and Selling at Vornado Realty Trust
In other news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president owned 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.42% of the stock is owned by insiders.
About Vornado Realty Trust
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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