Public Employees Retirement System of Ohio lowered its holdings in Vornado Realty Trust (NYSE:VNO – Free Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,662 shares of the real estate investment trust’s stock after selling 22,077 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Vornado Realty Trust were worth $6,697,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of VNO. Farther Finance Advisors LLC lifted its stake in shares of Vornado Realty Trust by 4.8% in the 4th quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 351 shares during the last quarter. Signaturefd LLC raised its holdings in Vornado Realty Trust by 2.0% in the 4th quarter. Signaturefd LLC now owns 19,976 shares of the real estate investment trust’s stock valued at $665,000 after buying an additional 389 shares during the period. Thrivent Financial for Lutherans raised its holdings in Vornado Realty Trust by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock valued at $1,504,000 after buying an additional 391 shares during the period. State of Michigan Retirement System raised its holdings in Vornado Realty Trust by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 38,500 shares of the real estate investment trust’s stock valued at $1,001,000 after buying an additional 400 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Vornado Realty Trust by 15.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Truist Financial increased their target price on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. LADENBURG THALM/SH SH boosted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Morgan Stanley lowered shares of Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective on the stock. in a report on Wednesday, July 22nd. Scotiabank increased their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Citigroup lifted their target price on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $39.17.
Vornado Realty Trust Price Performance
VNO opened at $40.15 on Wednesday. The stock’s 50-day moving average price is $37.43 and its 200 day moving average price is $32.15. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.99 and a beta of 1.53. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54.
Vornado Realty Trust (NYSE:VNO – Get Free Report) last released its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.34 earnings per share for the current year.
Vornado Realty Trust declared that its board has approved a stock buyback program on Wednesday, April 29th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Activity
In other news, Director Michael D. Fascitelli sold 133,350 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director owned 475,161 shares of the company’s stock, valued at approximately $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Russell B. Wight, Jr. acquired 4,000 shares of the stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of $16.94 per share, with a total value of $67,760.00. Following the purchase, the director owned 13,000 shares of the company’s stock, valued at approximately $220,220. This trade represents a 44.44% increase in their position. The SEC filing for this purchase provides additional information. 9.00% of the stock is currently owned by corporate insiders.
Vornado Realty Trust Profile
Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.
The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.
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