VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Shares in Vornado Realty Trust $VNO

Key Points

• The Virginia Retirement Systems purchased 267,600 shares of Vornado Realty Trust, valued at approximately $10.23 million, representing a 0.14% ownership stake in the company.
• Several institutional investors, including Twin Tree Management and Assetmark Inc., have increased their stakes in Vornado, with institutional ownership currently at 90.02%.
• Vornado Realty Trust's latest earnings showed a 0.56 EPS, exceeding analyst estimates of 0.53 EPS, although revenue fell short of expectations at $441.44 million.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 267,600 shares of the real estate investment trust's stock, valued at approximately $10,233,000. VIRGINIA RETIREMENT SYSTEMS ET Al 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. Twin Tree Management LP boosted its stake in Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 38,585 shares during the period. Assetmark Inc. boosted its stake in Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 347 shares during the period. Bfsg LLC boosted its stake in Vornado Realty Trust by 14.4% in the 2nd quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust's stock valued at $182,000 after purchasing an additional 600 shares during the period. Mutual Advisors LLC bought a new stake in Vornado Realty Trust in the 1st quarter valued at $201,000. Finally, Yoffe Investment Management LLC bought a new stake in Vornado Realty Trust in the 2nd quarter valued at $202,000. 90.02% of the stock is currently owned by institutional investors.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.42% of the stock is currently owned by insiders.

Vornado Realty Trust Price Performance

Shares of VNO stock opened at $38.25 on Tuesday. 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 has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a market cap of $7.35 billion, a P/E ratio of 9.47, a P/E/G ratio of 4.76 and a beta of 1.59. The business has a fifty day simple moving average of $39.56 and a 200 day simple moving average of $38.36.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VNO. Mizuho cut their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Vornado Realty Trust in a research report on Wednesday, October 8th. Truist Financial upped their target price on Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a research report on Friday, September 12th. Barclays upped their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Finally, Evercore ISI upped their target price on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.42.

Vornado Realty Trust Profile

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

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