Vornado Realty Trust (NYSE:VNO) Stock Position Lessened by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,276 shares of the real estate investment trust’s stock after selling 1,163 shares during the quarter. Arizona State Retirement System’s holdings in Vornado Realty Trust were worth $1,279,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Vornado Realty Trust by 1.1% during the second quarter. Thrivent Financial for Lutherans now owns 30,379 shares of the real estate investment trust’s stock valued at $869,000 after buying an additional 330 shares in the last quarter. Greenleaf Trust boosted its stake in Vornado Realty Trust by 2.8% during the third quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 516 shares in the last quarter. Global Retirement Partners LLC boosted its stake in 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 buying an additional 556 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in Vornado Realty Trust by 1.9% during the third quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 638 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Vornado Realty Trust by 3.3% during the third quarter. Signaturefd LLC now owns 20,363 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 646 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VNO shares. Barclays started coverage on Vornado Realty Trust in a research note on Wednesday, March 27th. They set an “underweight” rating and a $22.00 target price for the company. The Goldman Sachs Group reduced their target price 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. TheStreet raised Vornado Realty Trust from a “d+” rating to a “c-” rating in a report on Thursday, December 28th. Evercore ISI reduced their target price on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, February 15th. Finally, Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust Stock Down 4.1 %

Shares of Vornado Realty Trust stock opened at $27.42 on Monday. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. The company has a market cap of $5.22 billion, a P/E ratio of 119.22 and a beta of 1.57. The stock has a 50-day moving average price of $26.56 and a 200 day moving average price of $25.44. Vornado Realty Trust has a 1 year low of $12.31 and a 1 year high of $32.21.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. As a group, analysts expect that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Vornado Realty Trust Company 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.