Kentucky Retirement Systems Makes New Investment in Vornado Realty Trust $VNO

Kentucky Retirement Systems purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) during the first quarter, HoldingsChannel.com reports. The fund purchased 14,362 shares of the real estate investment trust’s stock, valued at approximately $373,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at approximately $579,709,000. Resolution Capital Ltd raised its holdings in Vornado Realty Trust by 34.1% during the 1st quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust’s stock worth $193,885,000 after buying an additional 1,895,846 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 buying an additional 1,598,643 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vornado Realty Trust by 393,598.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust’s stock valued at $34,983,000 after buying an additional 1,050,908 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Vornado Realty Trust by 129.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,398,378 shares of the real estate investment trust’s stock valued at $36,344,000 after buying an additional 788,067 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Insider Buying and Selling

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. acquired 4,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director directly owned 13,000 shares in the company, valued at $220,220. This trade represents a 44.44% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the completion of the sale, the director directly owned 475,161 shares in the company, valued at approximately $17,400,395.82. This represents a 21.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.00% of the stock is owned by company insiders.

Vornado Realty Trust Stock Down 1.9%

Shares of Vornado Realty Trust stock opened at $39.39 on Friday. The firm has a market cap of $7.41 billion, a PE ratio of 10.82, a P/E/G ratio of 2.02 and a beta of 1.53. The business’s 50 day simple moving average is $37.92 and its 200 day simple moving average is $32.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. 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 released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. On average, 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 buyback program on Wednesday, April 29th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase 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 stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. BMO Capital Markets raised their price objective on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Piper Sandler boosted their price objective on shares of Vornado Realty Trust from $28.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Mizuho upped their target price on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Finally, Scotiabank increased their target price on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.17.

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.