Jefferies Financial Group Inc. Buys New Shares in Vornado Realty Trust (NYSE:VNO)

Jefferies Financial Group Inc. purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,231 shares of the real estate investment trust's stock, valued at approximately $514,000.

A number of other institutional investors have also recently modified their holdings of VNO. FIL Ltd acquired a new position in Vornado Realty Trust in the fourth quarter valued at about $49,000. Assetmark Inc. increased its holdings in Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the period. Blue Trust Inc. raised its position in shares of Vornado Realty Trust by 61.6% in the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 677 shares in the last quarter. Quarry LP lifted its holdings in shares of Vornado Realty Trust by 55.4% during the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 761 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $124,000. 90.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the sale, the executive vice president now owns 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on VNO shares. The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Compass Point boosted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Piper Sandler increased their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley raised their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, March 14th. Finally, Barclays upped their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of "Hold" and an average target price of $38.09.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.09 during mid-day trading on Monday, reaching $37.76. 1,049,473 shares of the company traded hands, compared to its average volume of 1,609,260. The company's 50 day moving average price is $36.38 and its 200-day moving average price is $39.58. The firm has a market cap of $7.25 billion, a PE ratio of 944.00, a PEG ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a 52 week low of $23.50 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, equities analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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