Mutual of America Capital Management LLC Sells 5,252 Shares of Vornado Realty Trust (NYSE:VNO)

Mutual of America Capital Management LLC trimmed its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 98,778 shares of the real estate investment trust’s stock after selling 5,252 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vornado Realty Trust were worth $2,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of Vornado Realty Trust in the fourth quarter valued at about $26,000. Parkside Financial Bank & Trust raised its holdings in shares of 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 valued at $58,000 after acquiring an additional 804 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Vornado Realty Trust in the fourth quarter valued at about $40,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Vornado Realty Trust by 8,355.6% in 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 acquiring an additional 1,504 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Vornado Realty Trust by 49.8% in 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 acquiring an additional 556 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

VNO opened at $25.83 on Friday. Vornado Realty Trust has a 52-week low of $12.31 and a 52-week high of $32.21. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The company has a market cap of $4.92 billion, a P/E ratio of 112.30 and a beta of 1.57. The firm’s 50-day moving average price is $26.56 and its 200-day moving average price is $25.49.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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). Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The company had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same quarter last year, the company earned $0.72 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.