Vestcor Inc Takes $4.57 Million Position in Vornado Realty Trust $VNO

Vestcor Inc purchased a new stake in Vornado Realty Trust (NYSE:VNO) in the third quarter, Holdings Channel.com reports. The firm purchased 112,800 shares of the real estate investment trust’s stock, valued at approximately $4,572,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in Vornado Realty Trust by 19.6% during the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 275 shares during the last quarter. Bfsg LLC raised its stake in shares of Vornado Realty Trust by 5.9% in the third quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 280 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Vornado Realty Trust by 4.7% in the second quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 330 shares during the last quarter. Arjuna Capital lifted its position in shares of Vornado Realty Trust by 5.4% during the third quarter. Arjuna Capital now owns 6,942 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 358 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Vornado Realty Trust by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock worth $1,504,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on VNO shares. Scotiabank lowered their price target on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a research note on Monday, November 24th. Finally, Mizuho dropped their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.00.

Vornado Realty Trust Stock Up 0.1%

Shares of NYSE VNO opened at $26.98 on Tuesday. The firm has a market capitalization of $5.14 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.53. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44. Vornado Realty Trust has a 1 year low of $25.71 and a 1 year high of $43.37. The firm’s 50-day moving average is $31.12 and its 200-day moving average is $35.36.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

About Vornado Realty Trust

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.