Vornado Realty Trust $VNO Stock Position Raised by Vestcor Inc

Vestcor Inc lifted its position in Vornado Realty Trust (NYSE:VNO) by 19.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,092 shares of the real estate investment trust’s stock after acquiring an additional 22,292 shares during the quarter. Vestcor Inc owned approximately 0.07% of Vornado Realty Trust worth $4,496,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VNO. Norges Bank purchased a new stake in shares of Vornado Realty Trust in the 4th quarter valued at approximately $579,709,000. Resolution Capital Ltd purchased a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at approximately $49,565,000. GRS Advisors LLC purchased a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at approximately $32,082,000. Candriam S.C.A. lifted its position in shares of Vornado Realty Trust by 173.8% in the 3rd quarter. Candriam S.C.A. now owns 785,413 shares of the real estate investment trust’s stock valued at $31,833,000 after acquiring an additional 498,564 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Vornado Realty Trust by 44.9% in the 2nd quarter. Sei Investments Co. now owns 1,067,333 shares of the real estate investment trust’s stock valued at $40,815,000 after acquiring an additional 330,942 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

VNO has been the topic of a number of research reports. Scotiabank upped their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st. Mizuho reduced their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings lowered shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Truist Financial reduced their price target on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Finally, Piper Sandler reduced their price target on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.55.

Vornado Realty Trust Price Performance

NYSE VNO opened at $35.26 on Friday. The company has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $31.02. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 1.78 and a beta of 1.56. 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 posted its quarterly 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). The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.72 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.Vornado Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. Equities research analysts predict that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its board has approved a share repurchase program on Wednesday, April 29th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.