VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Vornado Realty Trust $VNO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Vornado Realty Trust (NYSE:VNOFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 208,741 shares of the real estate investment trust’s stock, valued at approximately $8,204,000.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in shares of Vornado Realty Trust in the 1st quarter valued at $1,206,000. Pacific Heights Asset Management LLC raised its stake in shares of Vornado Realty Trust by 75.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $11,648,000 after buying an additional 150,000 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Vornado Realty Trust by 9.1% in the fourth quarter. Legal & General Group Plc now owns 1,789,601 shares of the real estate investment trust’s stock worth $59,558,000 after buying an additional 149,598 shares during the last quarter. Wellington Management Group LLP raised its position in Vornado Realty Trust by 440.6% during the second quarter. Wellington Management Group LLP now owns 598,395 shares of the real estate investment trust’s stock valued at $23,517,000 after acquiring an additional 487,710 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Vornado Realty Trust by 5.7% in the first quarter. Bank of America Corp DE now owns 1,266,476 shares of the real estate investment trust’s stock valued at $32,916,000 after acquiring an additional 68,267 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vornado Realty Trust

In other news, Director Michael Fascitelli sold 133,350 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the transaction, the director owned 475,161 shares in the company, valued at $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.00% of the stock is owned by insiders.

Vornado Realty Trust Stock Down 3.6%

VNO stock opened at $35.26 on Wednesday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 1,763.98, a P/E/G ratio of 1.69 and a beta of 1.53. The firm has a 50-day simple moving average of $38.93 and a 200-day simple moving average of $33.56. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37.

Vornado Realty Trust (NYSE:VNOGet Free Report) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The company had revenue of $462.24 million during the quarter, compared to analysts’ expectations of $454.46 million. During the same period in the prior year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that Vornado Realty Trust will post 2.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VNO has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Weiss Ratings lowered shares of Vornado Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. LADENBURG THALM/SH SH lifted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Morgan Stanley downgraded shares of Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective for the company. in a research report on Wednesday, July 22nd. Finally, Piper Sandler raised their target price on Vornado Realty Trust from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.91.

Read Our Latest Report on VNO

About Vornado Realty Trust

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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