Jefferies Financial Group Inc. Purchases New Position in Vornado Realty Trust (NYSE:VNO)

Jefferies Financial Group Inc. bought a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,231 shares of the real estate investment trust's stock, valued at approximately $514,000.

Several other large investors also recently modified their holdings of VNO. Norges Bank bought a new position in shares of Vornado Realty Trust during the 4th quarter worth $729,073,000. Principal Financial Group Inc. raised its holdings in 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. Invesco Ltd. boosted its holdings in shares of Vornado Realty Trust by 111.3% in 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 during the period. Deutsche Bank AG lifted its holdings in Vornado Realty Trust by 180.7% during the 4th quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust's stock worth $102,373,000 after purchasing an additional 1,567,742 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Vornado Realty Trust by 98.3% in the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust's stock worth $115,237,000 after purchasing an additional 1,358,498 shares during the period. Hedge funds and other institutional investors own 90.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VNO. Compass Point upped their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Barclays raised their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Morgan Stanley upped their price target 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. The Goldman Sachs Group lifted their price objective 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. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.00.

Vornado Realty Trust Price Performance

NYSE VNO traded down $0.19 during trading hours on Thursday, reaching $37.05. 133,263 shares of the stock traded hands, compared to its average volume of 1,611,459. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a 50 day simple moving average of $36.51 and a two-hundred day simple moving average of $39.91. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 924.33, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47.

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

Vornado Realty Trust Company Profile

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