Teacher Retirement System of Texas Has $1.03 Million Stake in Vornado Realty Trust $VNO

Teacher Retirement System of Texas lifted its position in Vornado Realty Trust (NYSE:VNO) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,034 shares of the real estate investment trust’s stock after buying an additional 3,344 shares during the quarter. Teacher Retirement System of Texas’ holdings in Vornado Realty Trust were worth $1,034,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in shares of Vornado Realty Trust by 1.3% during the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 259 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Vornado Realty Trust during the first quarter worth $3,341,000. Truist Financial Corp raised its holdings in Vornado Realty Trust by 18.8% during the second quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 1,214 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Vornado Realty Trust by 208.8% during the first quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust’s stock valued at $3,738,000 after buying an additional 68,324 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Vornado Realty Trust by 1.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 184,535 shares of the real estate investment trust’s stock worth $7,057,000 after buying an additional 2,292 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Haim Chera sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Scotiabank lowered their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. Finally, Piper Sandler decreased their price objective on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and an average target price of $39.33.

Vornado Realty Trust Trading Up 0.3%

Shares of VNO stock opened at $35.64 on Friday. The firm has a market capitalization of $6.84 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The firm’s fifty day simple moving average is $39.77 and its 200 day simple moving average is $38.72. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company had revenue of $453.70 million for the quarter, compared to analyst estimates of $435.19 million. During the same period last year, the business posted $0.52 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

About Vornado Realty Trust

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