44,900 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,900 shares of the real estate investment trust’s stock, valued at approximately $1,268,000.

Other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $40,000. Financial Gravity Asset Management Inc. increased its stake in Vornado Realty Trust by 8,355.6% in the third 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. Global Retirement Partners LLC increased its stake in Vornado Realty Trust by 49.8% in the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 556 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $50,000. Institutional investors own 90.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vornado Realty Trust Stock Performance

Shares of VNO opened at $26.59 on Tuesday. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The firm has a fifty day simple moving average of $26.56 and a 200 day simple moving average of $25.58. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 115.61 and a beta of 1.57. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82.

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

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.