Public Sector Pension Investment Board reduced its position in Vornado Realty Trust (NYSE:VNO) by 77.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,965 shares of the real estate investment trust’s stock after selling 179,015 shares during the quarter. Public Sector Pension Investment Board’s holdings in Vornado Realty Trust were worth $3,522,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Kavar Capital Partners LLC increased its holdings in Vornado Realty Trust by 49.2% in the fourth quarter. Kavar Capital Partners LLC now owns 18,275 shares of the real estate investment trust’s stock valued at $1,215,000 after buying an additional 6,025 shares during the last quarter. PGGM Investments purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at $15,577,000. Worldquant Millennium Advisors LLC grew its holdings in shares of Vornado Realty Trust by 5.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 5,901 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 321 shares in the last quarter. State Street Corp grew its holdings in shares of Vornado Realty Trust by 0.8% during the 3rd quarter. State Street Corp now owns 11,973,319 shares of the real estate investment trust’s stock valued at $762,341,000 after acquiring an additional 90,525 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Vornado Realty Trust by 3.6% during the 3rd quarter. Stifel Financial Corp now owns 44,251 shares of the real estate investment trust’s stock valued at $2,821,000 after acquiring an additional 1,551 shares in the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.
Shares of VNO traded up $2.49 during mid-day trading on Thursday, hitting $37.04. 2,899,215 shares of the company traded hands, compared to its average volume of 2,777,688. Vornado Realty Trust has a one year low of $27.64 and a one year high of $70.45. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average of $53.44 and a 200 day moving average of $62.03. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 2.29, a PEG ratio of 3.19 and a beta of 1.17.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.14. Vornado Realty Trust had a net margin of 163.55% and a return on equity of 4.54%. The business had revenue of $460.97 million for the quarter, compared to analysts’ expectations of $451.12 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Vornado Realty Trust’s revenue was down 15.2% compared to the same quarter last year. As a group, analysts anticipate that Vornado Realty Trust will post 3.33 earnings per share for the current year.
VNO has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Vornado Realty Trust from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Bank of America lowered shares of Vornado Realty Trust from a “buy” rating to a “neutral” rating and set a $68.00 price target for the company. in a research report on Thursday, February 20th. Barclays dropped their price target on shares of Vornado Realty Trust from $79.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Cfra lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, SunTrust Banks lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $71.75.
In other Vornado Realty Trust news, EVP Barry Langer sold 4,255 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $66.61, for a total value of $283,425.55. Following the transaction, the executive vice president now directly owns 16,221 shares of the company’s stock, valued at $1,080,480.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.59% of the stock is currently owned by company insiders.
Vornado Realty Trust Company Profile
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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