Vornado Realty Trust (NYSE:VNO) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of Vornado Realty Trust (NYSE:VNOFree Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,565 shares of the real estate investment trust’s stock after acquiring an additional 531 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.05% of Vornado Realty Trust worth $2,921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State of Michigan Retirement System boosted its position in shares of Vornado Realty Trust by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust’s stock worth $1,131,000 after acquiring an additional 900 shares in the last quarter. First National Bank Sioux Falls lifted its holdings in shares of Vornado Realty Trust by 3.3% in the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 496 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Vornado Realty Trust by 5.8% in the 1st quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 553 shares during the last quarter. Green Alpha Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 11.2% in the 1st quarter. Green Alpha Advisors LLC now owns 66,574 shares of the real estate investment trust’s stock valued at $1,915,000 after purchasing an additional 6,691 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Vornado Realty Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 750 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VNO has been the subject of several research reports. Piper Sandler reduced their target price on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, May 13th. Scotiabank reduced their target price on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. BMO Capital Markets reduced their price objective on Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Finally, StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Thursday, June 27th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and a consensus price target of $24.27.

View Our Latest Report on VNO

Vornado Realty Trust Stock Performance

VNO opened at $25.73 on Friday. The stock has a market cap of $4.90 billion, a P/E ratio of 171.54 and a beta of 1.64. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97. The stock’s 50 day simple moving average is $24.97 and its 200 day simple moving average is $26.35. Vornado Realty Trust has a 1-year low of $17.28 and a 1-year high of $32.21.

Vornado Realty Trust 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.

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

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