Teacher Retirement System of Texas Decreases Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Teacher Retirement System of Texas decreased its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,509 shares of the real estate investment trust’s stock after selling 29,539 shares during the period. Teacher Retirement System of Texas’ holdings in Vornado Realty Trust were worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VNO. Contravisory Investment Management Inc. purchased a new position in Vornado Realty Trust in the 4th quarter valued at $26,000. Financial Gravity Asset Management Inc. lifted its holdings in Vornado Realty Trust by 8,355.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,504 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Vornado Realty Trust in the 4th quarter valued at $40,000. Bruce G. Allen Investments LLC purchased a new position in Vornado Realty Trust in the 4th quarter valued at $50,000. Finally, Principal Securities Inc. purchased a new position in Vornado Realty Trust in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VNO. Scotiabank decreased their price objective on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. The Goldman Sachs Group cut their target price on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 22nd. Piper Sandler cut their target price on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, May 13th. Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Finally, Compass Point cut their target price on Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $24.55.

Vornado Realty Trust Stock Down 2.3 %

Shares of NYSE:VNO opened at $24.02 on Thursday. The business has a 50-day moving average price of $26.39 and a 200 day moving average price of $26.28. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 160.13 and a beta of 1.57. Vornado Realty Trust has a 12-month low of $12.82 and a 12-month high of $32.21.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.