Illinois Municipal Retirement Fund Buys New Holdings in Vornado Realty Trust (NYSE:VNO)

Illinois Municipal Retirement Fund acquired a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,911 shares of the real estate investment trust's stock, valued at approximately $1,131,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNO. Principal Financial Group Inc. increased its stake in shares of Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after acquiring an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after purchasing an additional 2,468,652 shares during the period. Bamco Inc. NY bought a new stake in Vornado Realty Trust in the third quarter valued at approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Vornado Realty Trust by 381.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust's stock worth $47,492,000 after purchasing an additional 955,071 shares during the period. Finally, Heitman Real Estate Securities LLC boosted its position in shares of Vornado Realty Trust by 2,021.1% during the third quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust's stock worth $39,181,000 after purchasing an additional 947,562 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

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Vornado Realty Trust Stock Down 4.9 %

Shares of Vornado Realty Trust stock traded down $1.98 during trading hours on Thursday, reaching $38.33. 620,206 shares of the company's stock were exchanged, compared to its average volume of 1,274,270. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a 50 day moving average of $41.30 and a two-hundred day moving average of $40.54. The stock has a market cap of $7.31 billion, a P/E ratio of 958.00, a P/E/G ratio of 9.69 and a beta of 1.62. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on VNO shares. StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Evercore ISI lifted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Compass Point boosted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and a consensus target price of $38.55.

About Vornado Realty Trust

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