VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 35,600 Shares of Vornado Realty Trust $VNO

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 12.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 322,600 shares of the real estate investment trust’s stock after purchasing an additional 35,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Vornado Realty Trust were worth $10,736,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of VNO. Royal Bank of Canada increased its position in Vornado Realty Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock worth $1,017,000 after acquiring an additional 4,251 shares during the period. AQR Capital Management LLC increased its position in Vornado Realty Trust by 18.7% during the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after acquiring an additional 8,189 shares during the period. Goldman Sachs Group Inc. increased its holdings in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after buying an additional 112,956 shares during the period. Marshall Wace LLP bought a new position in Vornado Realty Trust in the 2nd quarter valued at about $763,000. Finally, California Public Employees Retirement System increased its holdings in Vornado Realty Trust by 9.6% in the 2nd quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock valued at $13,967,000 after buying an additional 32,028 shares during the period. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Down 1.8%

NYSE:VNO opened at $30.67 on Thursday. The firm’s 50 day simple moving average is $27.75 and its 200 day simple moving average is $31.48. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. Vornado Realty Trust has a one year low of $24.57 and a one year high of $43.37. The company has a market cap of $5.77 billion, a PE ratio of 8.42, a P/E/G ratio of 1.58 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate 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 business had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.72 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that Vornado Realty Trust will post 2.33 earnings per share for the current year.

Vornado Realty Trust announced that its board has approved a stock repurchase program on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on VNO. Morgan Stanley decreased their target price on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Citigroup raised their target price on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Scotiabank decreased their target price on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Weiss Ratings lowered shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.09.

About Vornado Realty Trust

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.