Vornado Realty Trust (NYSE:VNO) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its stake in shares of Vornado Realty Trust (NYSE:VNO) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,917 shares of the real estate investment trust’s stock after acquiring an additional 2,050 shares during the period. Texas Permanent School Fund Corp’s holdings in Vornado Realty Trust were worth $4,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Vornado Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock valued at $554,726,000 after acquiring an additional 116,504 shares during the period. Norges Bank acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth approximately $489,922,000. Putnam Investments LLC raised its position in shares of Vornado Realty Trust by 3.0% during the 4th quarter. Putnam Investments LLC now owns 9,978,649 shares of the real estate investment trust’s stock worth $281,897,000 after purchasing an additional 288,952 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Vornado Realty Trust by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,623,058 shares of the real estate investment trust’s stock worth $74,101,000 after purchasing an additional 76,882 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in shares of Vornado Realty Trust by 131.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,007,733 shares of the real estate investment trust’s stock worth $28,468,000 after purchasing an additional 572,955 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vornado Realty Trust

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the sale, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.14% of the company’s stock.

Wall Street Analysts Forecast Growth

VNO has been the subject of several research reports. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Friday. Scotiabank cut their price objective on Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Barclays lowered their target price on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Friday, May 24th. Finally, BMO Capital Markets lowered their target price on shares of Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.27.

Vornado Realty Trust Trading Up 0.5 %

VNO stock opened at $28.87 on Friday. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 192.48 and a beta of 1.64. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $25.09 and a 200-day simple moving average of $26.25. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $32.21.

About Vornado Realty Trust

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.