Public Employees Retirement Association of Colorado Sells 968 Shares of Vornado Realty Trust (NYSE:VNO)

Public Employees Retirement Association of Colorado lessened its stake in Vornado Realty Trust (NYSE:VNO) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,919 shares of the real estate investment trust’s stock after selling 968 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Vornado Realty Trust were worth $445,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth approximately $55,000. EverSource Wealth Advisors LLC lifted its stake in Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,018 shares during the period. GAMMA Investing LLC boosted its holdings in Vornado Realty Trust by 17.6% during the first 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 in the last quarter. Clear Street Markets LLC bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at approximately $147,000. Finally, Hilltop National Bank acquired a new position in shares of Vornado Realty Trust in the 1st quarter worth approximately $159,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on VNO shares. The Goldman Sachs Group boosted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research note on Thursday, September 12th. Evercore ISI upped their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Compass Point upped their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.43.

Insider Buying and Selling

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the transaction, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.14% of the company’s stock.

Vornado Realty Trust Price Performance

VNO opened at $38.84 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The stock has a market capitalization of $7.40 billion, a P/E ratio of 258.95 and a beta of 1.65. The company’s 50 day simple moving average is $33.14 and its 200-day simple moving average is $28.51. Vornado Realty Trust has a one year low of $18.36 and a one year high of $39.91.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same period last year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Sell-side analysts anticipate that Vornado Realty Trust will post 2.17 earnings per share 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.