Police & Firemen s Retirement System of New Jersey Raises Holdings in Vornado Realty Trust $VNO

Police & Firemen s Retirement System of New Jersey boosted its stake in Vornado Realty Trust (NYSE:VNO) by 6.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,863 shares of the real estate investment trust’s stock after buying an additional 3,938 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Vornado Realty Trust were worth $2,557,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Twin Tree Management LP increased its position in Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 38,585 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 347 shares during the last quarter. Bfsg LLC increased its position in Vornado Realty Trust by 14.4% during the 2nd quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 600 shares in the last quarter. Yoffe Investment Management LLC acquired a new position in Vornado Realty Trust in the 2nd quarter valued at about $202,000. Finally, Sowell Financial Services LLC acquired a new position in Vornado Realty Trust in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VNO. LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $48.00 price target on the stock. Barclays upped their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Truist Financial increased their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 12th. Finally, Scotiabank lowered their price objective on Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.17.

Insider Buying and Selling

In other news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.42% of the stock is owned by corporate insiders.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $33.32 on Wednesday. The company has a market cap of $6.40 billion, a P/E ratio of 8.25, a P/E/G ratio of 4.57 and a beta of 1.57. The firm’s 50 day moving average is $39.08 and its two-hundred day moving average is $38.75. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.52. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $453.70 million during the quarter, compared to the consensus estimate of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Analysts expect 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.