Treasurer of the State of North Carolina Grows Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Treasurer of the State of North Carolina lifted its stake in shares of Vornado Realty Trust (NYSE:VNOFree Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,395 shares of the real estate investment trust’s stock after acquiring an additional 770 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Vornado Realty Trust were worth $2,215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Vornado Realty Trust by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 37,503 shares of the real estate investment trust’s stock valued at $851,000 after purchasing an additional 3,236 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Vornado Realty Trust in the third quarter valued at about $309,000. Swiss National Bank lifted its stake in Vornado Realty Trust by 1.0% in the third quarter. Swiss National Bank now owns 358,517 shares of the real estate investment trust’s stock worth $8,131,000 after acquiring an additional 3,400 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Vornado Realty Trust by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,176 shares of the real estate investment trust’s stock worth $57,747,000 after acquiring an additional 527,229 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Vornado Realty Trust by 6.9% during the 3rd quarter. Van ECK Associates Corp now owns 60,556 shares of the real estate investment trust’s stock valued at $1,374,000 after purchasing an additional 3,895 shares during the period. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

VNO opened at $24.43 on Friday. The company has a market cap of $4.65 billion, a P/E ratio of 162.88 and a beta of 1.59. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The firm’s 50-day moving average price is $25.70 and its 200-day moving average price is $26.40. Vornado Realty Trust has a 52-week low of $14.46 and a 52-week high of $32.21.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI dropped their price objective on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, February 15th. Barclays dropped their target price on Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Friday, May 24th. Piper Sandler reduced their price target on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, May 13th. Compass Point dropped their price objective on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Finally, Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $24.45.

Check Out Our Latest Stock Analysis on VNO

Vornado Realty Trust Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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