Strs Ohio Decreases Stake in Vornado Realty Trust (NYSE:VNO)

Strs Ohio lowered its position in shares of Vornado Realty Trust (NYSE:VNO) by 26.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,927 shares of the real estate investment trust’s stock after selling 13,120 shares during the quarter. Strs Ohio’s holdings in Vornado Realty Trust were worth $1,043,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VNO. Contravisory Investment Management Inc. purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $26,000. Financial Gravity Asset Management Inc. grew its holdings in shares of Vornado Realty Trust by 8,355.6% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,504 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Vornado Realty Trust by 49.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 556 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $40,000. Finally, Selway Asset Management purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter worth about $45,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $27.22 on Wednesday. The stock has a market cap of $5.18 billion, a P/E ratio of 118.35 and a beta of 1.57. 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 stock has a 50 day moving average of $26.55 and a 200-day moving average of $25.62. Vornado Realty Trust has a 52 week low of $12.31 and a 52 week high of $32.21.

Vornado Realty Trust (NYSE:VNO) last released its 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). The business had revenue of $441.89 million for 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%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. On average, analysts expect that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VNO. Barclays started coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 target price for the company. TheStreet upgraded Vornado Realty Trust from a “d+” rating to a “c-” rating in a report on Thursday, December 28th. The Goldman Sachs Group decreased their price target 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. Morgan Stanley upgraded 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 report on Thursday, March 28th. Finally, Evercore ISI decreased their price target 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. Six analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $24.80.

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.