National Pension Service Boosts Stake in Vornado Realty Trust (NYSE:VNO)

National Pension Service lifted its stake in Vornado Realty Trust (NYSE:VNO) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 214,072 shares of the real estate investment trust’s stock after acquiring an additional 9,602 shares during the quarter. National Pension Service owned 0.11% of Vornado Realty Trust worth $14,615,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of Vornado Realty Trust by 1.7% in the 4th quarter. Legal & General Group Plc now owns 1,499,324 shares of the real estate investment trust’s stock valued at $93,003,000 after purchasing an additional 24,997 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Vornado Realty Trust by 156.9% in the fourth quarter. Jane Street Group LLC now owns 41,112 shares of the real estate investment trust’s stock worth $2,550,000 after acquiring an additional 25,110 shares during the last quarter. Northwood Liquid Management LP acquired a new stake in shares of Vornado Realty Trust in the fourth quarter worth approximately $13,749,000. Municipal Employees Retirement System of Michigan acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $288,000. Finally, Gotham Asset Management LLC acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $382,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

NYSE VNO traded up $0.80 on Friday, reaching $67.01. The company’s stock had a trading volume of 1,158,982 shares, compared to its average volume of 886,245. Vornado Realty Trust has a twelve month low of $59.48 and a twelve month high of $77.59. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 4.00 and a beta of 1.11.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.72). The business had revenue of $543.42 million during the quarter, compared to analyst estimates of $544.79 million. Vornado Realty Trust had a net margin of 20.22% and a return on equity of 8.15%. During the same period in the previous year, the company posted $1.10 earnings per share. As a group, research analysts predict that Vornado Realty Trust will post 3.88 earnings per share for the current year.

A number of research analysts have weighed in on VNO shares. Deutsche Bank reduced their price target on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $78.11.

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About Vornado Realty Trust

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

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