California Public Employees Retirement System Has $14.59 Million Position in Vornado Realty Trust (NYSE:VNO)

California Public Employees Retirement System decreased its holdings in Vornado Realty Trust (NYSE:VNO) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 347,024 shares of the real estate investment trust’s stock after selling 15,306 shares during the period. California Public Employees Retirement System’s holdings in Vornado Realty Trust were worth $14,589,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VNO. UMB Bank n.a. lifted its stake in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 268 shares during the period. Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 286 shares during the period. CIBC Asset Management Inc boosted its stake in Vornado Realty Trust by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 324 shares in the last quarter. GAMMA Investing LLC grew its position in Vornado Realty Trust by 8.1% in the fourth quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 356 shares during the period. Finally, Arizona State Retirement System raised its stake in Vornado Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust’s stock worth $1,976,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Ratings Changes

VNO has been the topic of several recent analyst reports. Compass Point boosted their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley raised their price objective 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. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Finally, StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Trading Down 2.8 %

Shares of VNO opened at $32.96 on Friday. The stock’s fifty day simple moving average is $39.71 and its 200-day simple moving average is $40.99. The firm has a market capitalization of $6.29 billion, a PE ratio of 823.98, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (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%. As a group, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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