Mutual of America Capital Management LLC Sells 5,252 Shares of Vornado Realty Trust (NYSE:VNO)

Mutual of America Capital Management LLC cut its stake in Vornado Realty Trust (NYSE:VNO) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,778 shares of the real estate investment trust’s stock after selling 5,252 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Vornado Realty Trust worth $2,790,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VNO. Contravisory Investment Management Inc. purchased a new stake in shares of Vornado Realty Trust in the 4th quarter worth about $26,000. Financial Gravity Asset Management Inc. grew its position in shares of 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 worth $35,000 after buying an additional 1,504 shares during the period. Global Retirement Partners LLC grew its position in shares of Vornado Realty Trust by 49.8% in the 3rd quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 556 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Vornado Realty Trust in the 4th quarter worth about $40,000. Finally, Selway Asset Management purchased a new stake in shares of Vornado Realty Trust in the 3rd quarter worth about $45,000. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $25.83 on Friday. The firm’s 50-day moving average price is $26.56 and its 200-day moving average price is $25.49. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The company has a market cap of $4.92 billion, a PE ratio of 112.30 and a beta of 1.57. Vornado Realty Trust has a 52-week low of $12.31 and a 52-week high of $32.21.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $441.89 million for the quarter, compared to analysts’ expectations of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. As a group, analysts anticipate that Vornado Realty Trust will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on VNO. TheStreet raised shares of Vornado Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 28th. Evercore ISI cut their price objective on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, February 15th. Barclays began coverage on shares of Vornado Realty Trust in a research report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price objective on the stock. The Goldman Sachs Group cut their price objective on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, February 22nd. Finally, Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. Six analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust 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.