Jefferies Financial Group Inc. Takes $514,000 Position in Vornado Realty Trust (NYSE:VNO)

Jefferies Financial Group Inc. purchased a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) during the 4th 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.

Several other large investors have also modified their holdings of VNO. Norges Bank acquired a new stake in Vornado Realty Trust during the 4th quarter valued at $729,073,000. Franklin Resources Inc. boosted its stake in shares of Vornado Realty Trust by 7.1% during the fourth 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 during the last quarter. Price T Rowe Associates Inc. MD increased its position in Vornado Realty Trust by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after purchasing an additional 278,409 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Vornado Realty Trust by 126.8% in 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 purchasing an additional 3,575,593 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of 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 buying an additional 1,651,819 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 1.0%

Shares of NYSE:VNO traded down $0.41 during mid-day trading on Tuesday, hitting $38.81. 746,166 shares of the company traded hands, compared to its average volume of 1,613,392. The firm's 50 day simple moving average is $36.43 and its 200 day simple moving average is $39.93. The firm has a market cap of $7.45 billion, a P/E ratio of 970.25, a PEG ratio of 9.69 and a beta of 1.47. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.

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

Analyst Upgrades and Downgrades

VNO has been the topic of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Morgan Stanley increased their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Piper Sandler lowered their price target on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.00.

Vornado Realty Trust Profile

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