Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 22,092 Shares of Vornado Realty Trust $VNO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vornado Realty Trust (NYSE:VNO) by 22.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 120,319 shares of the real estate investment trust’s stock after acquiring an additional 22,092 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.06% of Vornado Realty Trust worth $3,127,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in Vornado Realty Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after purchasing an additional 4,251 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Vornado Realty Trust by 18.7% during the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after purchasing an additional 8,189 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after buying an additional 112,956 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at approximately $763,000. Finally, California Public Employees Retirement System grew its stake in shares of Vornado Realty Trust by 9.6% in the second quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock valued at $13,967,000 after buying an additional 32,028 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Morgan Stanley reduced their price target on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. JPMorgan Chase & Co. boosted their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Truist Financial upped their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, Piper Sandler cut their price objective on 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. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $39.85 on Thursday. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.97 and a beta of 1.53. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The stock’s 50 day moving average is $35.89 and its 200-day moving average is $31.76.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.71 million. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts expect that Vornado Realty Trust will post 2.34 EPS for the current year.

Vornado Realty Trust declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Vornado Realty Trust

In related news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average cost of $16.94 per share, with a total value of $67,760.00. Following the purchase, the director owned 13,000 shares of the company’s stock, valued at $220,220. This represents a 44.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 9.00% of the company’s stock.

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.