Vornado Realty Trust (NYSE:VNO) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in Vornado Realty Trust (NYSE:VNO) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 212,103 shares of the real estate investment trust’s stock after purchasing an additional 12,127 shares during the period. New York State Teachers Retirement System’s holdings in Vornado Realty Trust were worth $5,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in Vornado Realty Trust in the fourth quarter worth $26,000. Parkside Financial Bank & Trust increased its position in Vornado Realty Trust by 170.0% in the first quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 804 shares during the period. Financial Gravity Asset Management Inc. increased its holdings in shares of Vornado Realty Trust by 8,355.6% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,504 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Vornado Realty Trust by 49.8% during the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 556 shares during the period. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter valued at about $50,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 4.1 %

Shares of NYSE:VNO opened at $27.42 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. The company has a market cap of $5.22 billion, a PE ratio of 119.22 and a beta of 1.57. Vornado Realty Trust has a 52 week low of $12.31 and a 52 week high of $32.21. The firm has a 50 day simple moving average of $26.56 and a 200 day simple moving average of $25.39.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets raised shares of Vornado Realty Trust from an “underperform” rating to a “market perform” rating and raised their target price for the company from $25.00 to $31.00 in a research note on Friday, December 15th. Evercore ISI dropped their target price on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th. Truist Financial increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. TheStreet raised Vornado Realty Trust from a “d+” rating to a “c-” rating in a research note on Thursday, December 28th. Finally, The Goldman Sachs Group cut their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, February 22nd. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.80.

Vornado Realty Trust Profile

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.