New York State Common Retirement Fund Has $26.74 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

New York State Common Retirement Fund decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 946,604 shares of the real estate investment trust’s stock after selling 17,011 shares during the quarter. New York State Common Retirement Fund’s holdings in Vornado Realty Trust were worth $26,742,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in Vornado Realty Trust during the 3rd quarter worth $132,326,000. Deutsche Bank AG increased its position in Vornado Realty Trust by 141.9% during the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock worth $96,128,000 after buying an additional 2,486,439 shares during the period. Rush Island Management LP bought a new position in Vornado Realty Trust during the 3rd quarter worth $27,901,000. Charles Schwab Investment Management Inc. increased its position in Vornado Realty Trust by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,546,176 shares of the real estate investment trust’s stock worth $57,747,000 after buying an additional 527,229 shares during the period. Finally, Tudor Investment Corp Et Al increased its position in Vornado Realty Trust by 1,382.3% during the 3rd quarter. Tudor Investment Corp Et Al now owns 450,749 shares of the real estate investment trust’s stock worth $10,223,000 after buying an additional 420,340 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on VNO shares. The Goldman Sachs Group lowered their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, February 22nd. Barclays started coverage on Vornado Realty Trust in a research report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price objective on the stock. Evercore ISI lowered their price objective on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, February 15th. Finally, Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $24.80.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $26.27 on Friday. The stock’s 50-day simple moving average is $26.66 and its 200 day simple moving average is $25.67. The firm has a market capitalization of $5.00 billion, a PE ratio of 114.22 and a beta of 1.57. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.55). The business had revenue of $441.89 million during the quarter, compared to analyst estimates of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. On average, analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Vornado Realty Trust Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.