Vornado Realty Trust (NYSE:VNO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 910,431 shares of the real estate investment trust’s stock after selling 16,840 shares during the quarter. New York State Common Retirement Fund’s holdings in Vornado Realty Trust were worth $35,871,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VNO. US Bancorp DE lifted its holdings in Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 311 shares in the last quarter. Vert Asset Management LLC boosted its holdings in Vornado Realty Trust by 0.5% in the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after purchasing an additional 324 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Vornado Realty Trust by 3.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 386 shares in the last quarter. GAMMA Investing LLC grew its stake in Vornado Realty Trust by 12.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 500 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Vornado Realty Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after purchasing an additional 527 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group boosted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Compass Point boosted their target price on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $32.80.

Vornado Realty Trust Stock Down 0.4 %

Vornado Realty Trust stock opened at $41.23 on Friday. The company has a market capitalization of $7.85 billion, a P/E ratio of 458.11 and a beta of 1.64. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. Vornado Realty Trust has a fifty-two week low of $19.63 and a fifty-two week high of $44.05. The stock has a 50-day simple moving average of $38.58 and a 200-day simple moving average of $31.00.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The firm had revenue of $450.27 million during the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. Vornado Realty Trust’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Equities research analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current year.

About Vornado Realty Trust

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