Public Employees Retirement System of Ohio Decreases Stock Position in Vornado Realty Trust $VNO

Public Employees Retirement System of Ohio cut its position in Vornado Realty Trust (NYSE:VNO) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,662 shares of the real estate investment trust’s stock after selling 22,077 shares during the period. Public Employees Retirement System of Ohio owned 0.14% of Vornado Realty Trust worth $6,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Vornado Realty Trust in the 4th quarter valued at $579,709,000. Franklin Resources Inc. boosted its stake in Vornado Realty Trust by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock worth $416,139,000 after purchasing an additional 195,111 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Vornado Realty Trust by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after purchasing an additional 1,598,643 shares during the last quarter. State Street Corp boosted its stake in Vornado Realty Trust by 0.5% during the 2nd quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after purchasing an additional 39,767 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Vornado Realty Trust by 4.2% during the fourth quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock worth $201,168,000 after buying an additional 243,905 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on VNO. Morgan Stanley cut shares of Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 target price for the company. in a research report on Wednesday, July 22nd. Citigroup boosted their price target on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Truist Financial upped their price objective on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, June 26th. UBS Group downgraded shares of Vornado Realty Trust to an “underweight” rating in a report on Wednesday, July 22nd. Finally, Barclays raised their target price on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.17.

Vornado Realty Trust Stock Up 1.6%

Shares of NYSE:VNO opened at $40.15 on Wednesday. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The business has a fifty day moving average of $37.43 and a two-hundred day moving average of $32.15. The stock has a market cap of $7.55 billion, a P/E ratio of 11.03, a PEG ratio of 1.99 and a beta of 1.53. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The company had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.71 million. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.34 earnings per share for the current year.

Vornado Realty Trust announced that its Board of Directors has initiated a share buyback program on Wednesday, April 29th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of Vornado Realty Trust stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the transaction, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the acquisition, the director directly owned 13,000 shares in the company, valued at $220,220. The trade was a 44.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.00% of the company’s stock.

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.