New York State Teachers Retirement System Trims Position in Vornado Realty Trust (NYSE:VNO)

New York State Teachers Retirement System cut its position in Vornado Realty Trust (NYSE:VNO) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,600 shares of the real estate investment trust’s stock after selling 1,344 shares during the period. New York State Teachers Retirement System owned about 0.09% of Vornado Realty Trust worth $7,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNO. JPMorgan Chase & Co. increased its stake in shares of Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after acquiring an additional 2,286,997 shares during the last quarter. Bamco Inc. NY bought a new stake in Vornado Realty Trust in the 3rd quarter valued at $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after acquiring an additional 955,071 shares during the last quarter. Finally, Heitman Real Estate Securities LLC increased its holdings in Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after acquiring an additional 947,562 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Down 1.3 %

NYSE:VNO opened at $41.29 on Thursday. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. 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 firm has a market cap of $7.88 billion, a P/E ratio of 1,032.15 and a beta of 1.62. The firm has a 50-day simple moving average of $41.87 and a 200-day simple moving average of $39.89.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.17%. The ex-dividend date was Monday, December 16th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is 1,850.00%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Scotiabank lifted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Barclays lifted their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Truist Financial lifted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $37.98.

Vornado Realty Trust Profile

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