Employees Retirement System of Texas Takes $1.47 Million Position in Vornado Realty Trust (NYSE:VNO)

Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,000 shares of the real estate investment trust's stock, valued at approximately $1,471,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of Vornado Realty Trust during the fourth quarter valued at approximately $4,015,000. JPMorgan Chase & Co. raised its position in Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock worth $139,045,000 after acquiring an additional 2,468,652 shares during the period. Principal Financial Group Inc. boosted its position in shares of Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after purchasing an additional 2,286,997 shares during the period. UMB Bank n.a. grew its stake in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Vornado Realty Trust during the fourth quarter valued at $235,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VNO shares. Compass Point upped their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Finally, Barclays upped their target price on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock traded up $0.31 during trading on Friday, reaching $33.19. The company's stock had a trading volume of 1,258,181 shares, compared to its average volume of 1,679,217. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 829.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The business's fifty day moving average price is $38.45 and its 200-day moving average price is $40.73. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully - integrated equity real estate investment trust.