California Public Employees Retirement System Reduces Stock Position in Vornado Realty Trust (NYSE:VNO)

California Public Employees Retirement System lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,024 shares of the real estate investment trust's stock after selling 15,306 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Vornado Realty Trust worth $14,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cerity Partners LLC boosted its stake in shares of Vornado Realty Trust by 61.5% in the 3rd quarter. Cerity Partners LLC now owns 17,093 shares of the real estate investment trust's stock valued at $673,000 after purchasing an additional 6,509 shares in the last quarter. FMR LLC lifted its stake in Vornado Realty Trust by 7.3% in the third quarter. FMR LLC now owns 37,506 shares of the real estate investment trust's stock worth $1,478,000 after purchasing an additional 2,536 shares during the last quarter. Captrust Financial Advisors boosted its position in Vornado Realty Trust by 22.0% during the third quarter. Captrust Financial Advisors now owns 21,873 shares of the real estate investment trust's stock valued at $862,000 after buying an additional 3,944 shares during the period. HighTower Advisors LLC grew its stake in shares of Vornado Realty Trust by 37.0% during the third quarter. HighTower Advisors LLC now owns 26,003 shares of the real estate investment trust's stock valued at $1,030,000 after buying an additional 7,025 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Vornado Realty Trust in the third quarter worth about $54,000. 90.02% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

VNO has been the subject of several analyst reports. Barclays increased their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Compass Point upped their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley raised their price target on shares of 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, StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $38.55.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO traded down $0.96 during midday trading on Friday, hitting $32.96. 3,228,931 shares of the company's stock traded hands, compared to its average volume of 1,691,357. The firm has a fifty day moving average of $39.71 and a 200 day moving average of $41.03. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 823.98, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 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%. On average, analysts forecast 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.