Teacher Retirement System of Texas Acquires Shares of 23,690 Vornado Realty Trust (NYSE:VNO)

Teacher Retirement System of Texas acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,690 shares of the real estate investment trust’s stock, valued at approximately $876,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its stake in Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 312 shares during the last quarter. Vident Advisory LLC raised its stake in Vornado Realty Trust by 4.7% during the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 344 shares during the last quarter. Mariner LLC raised its stake in Vornado Realty Trust by 0.9% during the 4th quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust’s stock valued at $1,903,000 after acquiring an additional 404 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Vornado Realty Trust by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 77,058 shares of the real estate investment trust’s stock valued at $3,240,000 after acquiring an additional 480 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in Vornado Realty Trust by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 44,800 shares of the real estate investment trust’s stock valued at $1,883,000 after acquiring an additional 516 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VNO shares. Wall Street Zen raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Piper Sandler increased their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Scotiabank increased their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday. Mizuho cut their target price on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Truist Financial increased their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and an average price target of $38.09.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $38.74 on Tuesday. Vornado Realty Trust has a 1-year low of $26.19 and a 1-year high of $46.63. The company has a market capitalization of $7.44 billion, a P/E ratio of 74.49, a PEG ratio of 14.18 and a beta of 1.50. The business has a 50 day moving average price of $38.81 and a 200 day moving average price of $38.78. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The firm had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. During the same period last year, the business posted $0.55 EPS. Vornado Realty Trust’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Haim Chera sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president directly owned 30,000 shares of the company’s stock, valued at $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.42% of the stock is owned by insiders.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.