Police & Firemen s Retirement System of New Jersey Boosts Position in Vornado Realty Trust $VNO

Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,863 shares of the real estate investment trust’s stock after acquiring an additional 3,938 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Vornado Realty Trust were worth $2,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. US Bancorp DE raised its stake in Vornado Realty Trust by 1.3% during the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock valued at $786,000 after acquiring an additional 259 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Vornado Realty Trust by 48.0% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock valued at $55,044,000 after purchasing an additional 466,621 shares during the period. Truist Financial Corp raised its stake in shares of Vornado Realty Trust by 18.8% during the second quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 1,214 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Vornado Realty Trust during the first quarter worth $3,341,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Vornado Realty Trust by 208.8% during the first quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust’s stock worth $3,738,000 after purchasing an additional 68,324 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the subject of a number of analyst reports. Bank of America cut their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $42.00 in a report on Friday, September 12th. Scotiabank reduced their price objective on shares of 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their price target on Vornado Realty Trust from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.17.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.42% of the stock is currently owned by corporate insiders.

Vornado Realty Trust Price Performance

VNO stock opened at $33.32 on Wednesday. The firm has a 50 day moving average of $39.08 and a 200-day moving average of $38.75. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.57 and a beta of 1.57. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.52.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The firm 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%.Vornado Realty Trust’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. As a group, equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Profile

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