California Public Employees Retirement System Sells 31,168 Shares of Vornado Realty Trust (NYSE:VNO)

California Public Employees Retirement System lessened its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 332,015 shares of the real estate investment trust's stock after selling 31,168 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Vornado Realty Trust worth $9,379,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VNO. Vanguard Group Inc. increased its holdings in Vornado Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust's stock worth $554,726,000 after purchasing an additional 116,504 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Vornado Realty Trust during the third quarter valued at $132,326,000. Deutsche Bank AG increased its stake in Vornado Realty Trust by 141.9% in the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust's stock worth $96,128,000 after acquiring an additional 2,486,439 shares during the last quarter. Earnest Partners LLC increased its position in shares of Vornado Realty Trust by 3.5% in the third quarter. Earnest Partners LLC now owns 2,603,909 shares of the real estate investment trust's stock worth $59,057,000 after purchasing an additional 89,067 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Vornado Realty Trust by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,546,176 shares of the real estate investment trust's stock valued at $57,747,000 after purchasing an additional 527,229 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Evercore ISI dropped their target price on Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating for the company in a research report on Thursday, February 15th. The Goldman Sachs Group dropped their price target on shares of Vornado Realty Trust from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, February 22nd. Morgan Stanley raised Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Finally, Barclays assumed coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They set an "underweight" rating and a $22.00 price objective on the stock. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of "Reduce" and a consensus target price of $24.80.

Vornado Realty Trust Trading Up 0.2 %

Shares of VNO stock traded up $0.05 on Friday, reaching $26.23. 2,586,915 shares of the company's stock were exchanged, compared to its average volume of 2,195,514. Vornado Realty Trust has a 52 week low of $12.31 and a 52 week high of $32.21. The stock has a market capitalization of $5.00 billion, a PE ratio of 113.83 and a beta of 1.57. The company's fifty day simple moving average is $26.70 and its 200 day simple moving average is $25.83. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $441.89 million during the quarter, compared to analysts' expectations of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. Vornado Realty Trust's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. As a group, analysts forecast that Vornado Realty Trust will post 2.3 EPS for the current year.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.