Jefferies Financial Group Inc. purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,231 shares of the real estate investment trust's stock, valued at approximately $514,000.
A number of other large investors have also recently bought and sold shares of VNO. Norges Bank bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $729,073,000. Franklin Resources Inc. increased its stake in shares of Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock valued at $500,263,000 after acquiring an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock valued at $373,672,000 after acquiring an additional 278,409 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after acquiring an additional 3,575,593 shares during the period. Finally, Invesco Ltd. boosted its stake in Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock worth $131,833,000 after acquiring an additional 1,651,819 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have weighed in on VNO. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Barclays raised their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Truist Financial upped their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $37.91.
View Our Latest Analysis on VNO
Insider Activity at Vornado Realty Trust
In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president now directly owns 30,000 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 8.42% of the stock is owned by corporate insiders.
Vornado Realty Trust Stock Performance
Shares of VNO stock traded up $0.33 during trading hours on Wednesday, hitting $39.14. 1,042,212 shares of the company were exchanged, compared to its average volume of 1,602,739. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 978.50, a P/E/G 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 firm has a fifty day simple moving average of $36.43 and a 200 day simple moving average of $39.55.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share 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 return on equity of 1.60% and a net margin of 3.94%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.
Vornado Realty Trust Profile
(
Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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