Raymond James & Associates Grows Holdings in Vornado Realty Trust (NYSE:VNO)

Raymond James & Associates lifted its position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 38.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 196,307 shares of the real estate investment trust's stock after buying an additional 54,539 shares during the quarter. Raymond James & Associates owned approximately 0.10% of Vornado Realty Trust worth $7,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sei Investments Co. raised its position in Vornado Realty Trust by 5.7% during the first quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust's stock worth $13,501,000 after acquiring an additional 25,374 shares during the last quarter. National Bank of Canada FI raised its position in shares of Vornado Realty Trust by 7.9% during the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust's stock worth $26,385,000 after purchasing an additional 67,100 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Vornado Realty Trust in the 1st quarter valued at approximately $12,824,000. Bank of Montreal Can grew its holdings in Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust's stock valued at $22,502,000 after buying an additional 818,838 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Vornado Realty Trust by 33.3% during the 2nd quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust's stock valued at $12,553,000 after buying an additional 120,902 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Trading Down 2.6 %

Shares of NYSE VNO traded down $1.11 during trading on Thursday, hitting $41.41. 1,679,134 shares of the company traded hands, compared to its average volume of 2,033,933. The company has a 50-day moving average price of $38.30 and a 200-day moving average price of $30.83. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $44.05. 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 firm has a market capitalization of $7.89 billion, a P/E ratio of 460.11 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). The business had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. On average, equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Analyst Ratings Changes

VNO has been the subject of a number of analyst reports. Evercore ISI upped their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Scotiabank upped their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Compass Point lifted their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Bank of America boosted their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, August 22nd. Finally, Truist Financial raised their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.80.

Vornado Realty Trust Company Profile

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