Public Employees Retirement System of Ohio Takes $10.28 Million Position in Vornado Realty Trust $VNO

Public Employees Retirement System of Ohio purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the second quarter, Holdings Channel.com reports. The fund purchased 261,666 shares of the real estate investment trust’s stock, valued at approximately $10,283,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Adelante Capital Management LLC purchased a new stake in Vornado Realty Trust in the 2nd quarter valued at about $27,030,000. Whitener Capital Management Inc. purchased a new position in shares of Vornado Realty Trust in the 2nd quarter worth approximately $201,000. Yoffe Investment Management LLC purchased a new position in shares of Vornado Realty Trust in the 2nd quarter worth approximately $212,000. Handelsbanken Fonder AB grew its holdings in shares of Vornado Realty Trust by 24.8% in the second quarter. Handelsbanken Fonder AB now owns 55,900 shares of the real estate investment trust’s stock valued at $2,197,000 after acquiring an additional 11,100 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Vornado Realty Trust by 106.1% in the second quarter. Versant Capital Management Inc now owns 1,750 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 901 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael D. Fascitelli sold 133,350 shares of the company’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 transaction, the director owned 475,161 shares of the company’s stock, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $16.94 per share, with a total value of $67,760.00. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. Company insiders own 9.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VNO shares. BMO Capital Markets lifted their price target on Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. LADENBURG THALM/SH SH upped their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Truist Financial raised their target price on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, June 26th. UBS Group cut Vornado Realty Trust to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.82.

Vornado Realty Trust Trading Down 2.1%

Shares of VNO stock opened at $37.40 on Tuesday. The company has a 50 day moving average of $39.20 and a 200-day moving average of $33.28. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. The firm has a market cap of $6.98 billion, a P/E ratio of 1,870.94, a PEG ratio of 1.76 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The firm had revenue of $462.24 million during the quarter, compared to analysts’ expectations of $454.46 million. During the same quarter in the previous year, the company posted $0.56 EPS. Vornado Realty Trust’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Vornado Realty Trust will post 2.35 earnings per share for the current year.

Vornado Realty Trust Company 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.