Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in Vornado Realty Trust (NYSE:VNO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Vornado Realty Trust (NYSE:VNO) by 39.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,731 shares of the real estate investment trust’s stock after purchasing an additional 26,548 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Vornado Realty Trust were worth $3,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. increased its stake in Vornado Realty Trust by 5.6% in the third quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock worth $444,859,000 after purchasing an additional 592,412 shares during the period. Principal Financial Group Inc. increased its stake in shares of Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after buying an additional 3,575,593 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares during the period. Geode Capital Management LLC increased its stake in shares of Vornado Realty Trust by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock valued at $122,417,000 after buying an additional 39,147 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Vornado Realty Trust by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock valued at $110,370,000 after buying an additional 149,017 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VNO. The Goldman Sachs Group raised their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Morgan Stanley raised their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Price Performance

Shares of VNO stock opened at $38.26 on Monday. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 956.40, a PEG ratio of 9.69 and a beta of 1.60. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock’s 50-day simple moving average is $40.48 and its 200-day simple moving average is $40.91.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. As a group, equities analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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