California State Teachers Retirement System Sells 8,394 Shares of Vornado Realty Trust (VNO)

California State Teachers Retirement System reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 285,680 shares of the real estate investment trust’s stock after selling 8,394 shares during the period. California State Teachers Retirement System owned about 0.15% of Vornado Realty Trust worth $17,721,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Vornado Realty Trust by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 27,339,046 shares of the real estate investment trust’s stock valued at $1,995,751,000 after purchasing an additional 69,443 shares during the last quarter. Vanguard Group Inc lifted its holdings in Vornado Realty Trust by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 27,339,046 shares of the real estate investment trust’s stock valued at $1,995,751,000 after purchasing an additional 69,443 shares during the last quarter. BlackRock Inc. lifted its holdings in Vornado Realty Trust by 0.3% during the 4th quarter. BlackRock Inc. now owns 16,934,287 shares of the real estate investment trust’s stock valued at $1,050,433,000 after purchasing an additional 55,484 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in Vornado Realty Trust by 178.0% during the 3rd quarter. Cohen & Steers Inc. now owns 4,433,521 shares of the real estate investment trust’s stock valued at $323,647,000 after purchasing an additional 2,838,504 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Vornado Realty Trust by 2.9% during the 4th quarter. Northern Trust Corp now owns 2,825,569 shares of the real estate investment trust’s stock valued at $175,269,000 after purchasing an additional 78,779 shares during the last quarter. Institutional investors and hedge funds own 79.38% of the company’s stock.

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 126,074 shares of the business’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $64.23, for a total value of $8,097,733.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.04% of the company’s stock.

Several brokerages recently issued reports on VNO. Barclays reissued a “hold” rating and set a $68.00 price target on shares of Vornado Realty Trust in a report on Friday, December 21st. Zacks Investment Research reissued a “hold” rating on shares of Vornado Realty Trust in a report on Saturday, November 17th. Sandler O’Neill downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from a “neutral” rating to an “underweight” rating and cut their price target for the company from $74.00 to $72.00 in a report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $78.89.

Shares of NYSE VNO opened at $67.29 on Friday. Vornado Realty Trust has a 1-year low of $59.48 and a 1-year high of $77.59. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 4.08 and a beta of 1.11. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.33.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 11th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.72). Vornado Realty Trust had a return on equity of 8.15% and a net margin of 20.22%. The company had revenue of $543.42 million during the quarter, compared to the consensus estimate of $544.79 million. During the same period in the prior year, the firm posted $1.10 earnings per share. On average, equities research analysts anticipate that Vornado Realty Trust will post 3.92 earnings per share for the current year.

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Vornado Realty Trust Company Profile

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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