Raymond James Financial Inc. Invests $11.36 Million in Vornado Realty Trust (NYSE:VNO)

Raymond James Financial Inc. bought a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 270,146 shares of the real estate investment trust's stock, valued at approximately $11,357,000. Raymond James Financial Inc. owned about 0.14% of Vornado Realty Trust at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Vornado Realty Trust during the 4th quarter valued at $32,000. UMB Bank n.a. lifted its position in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 872 shares during the period. Quarry LP purchased a new stake in shares of Vornado Realty Trust during the third quarter valued at $54,000. Finally, Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VNO. Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Truist Financial lifted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Finally, 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 research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and an average price target of $38.55.

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Vornado Realty Trust Stock Performance

Shares of NYSE VNO traded up $1.19 during midday trading on Monday, reaching $39.44. The company had a trading volume of 976,425 shares, compared to its average volume of 1,633,031. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The business's 50-day simple moving average is $40.48 and its 200 day simple moving average is $40.91. 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 cap of $7.53 billion, a P/E ratio of 985.88, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Profile

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