Vornado Realty Trust (NYSE:VNO) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in shares of Vornado Realty Trust (NYSE:VNO) by 38.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,307 shares of the real estate investment trust’s stock after acquiring an additional 54,539 shares during the period. Raymond James & Associates owned about 0.10% of Vornado Realty Trust worth $7,735,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VNO. Blue Trust Inc. grew its stake in shares of Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares in the last quarter. Vert Asset Management LLC lifted its holdings in Vornado Realty Trust by 0.5% during the 3rd quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock worth $2,690,000 after buying an additional 324 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Vornado Realty Trust by 15.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,906 shares of the real estate investment trust’s stock worth $1,257,000 after acquiring an additional 4,219 shares in the last quarter. Verum Partners LLC acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $220,000. Finally, Prospect Financial Services LLC increased its holdings in shares of Vornado Realty Trust by 9.7% in the 3rd quarter. Prospect Financial Services LLC now owns 113,434 shares of the real estate investment trust’s stock valued at $4,469,000 after acquiring an additional 10,017 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VNO has been the subject of several recent analyst reports. Truist Financial boosted their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Compass Point upped their target price on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Bank of America raised their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $32.80.

Vornado Realty Trust Stock Down 0.6 %

VNO opened at $42.52 on Thursday. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $44.05. The business has a 50 day moving average price of $38.14 and a two-hundred day moving average price of $30.74. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The company has a market cap of $8.10 billion, a PE ratio of 472.44 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. During the same quarter last year, the company earned $0.72 EPS. Vornado Realty Trust’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Profile

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