Vornado Realty Trust (NYSE:VNO) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its position in shares of Vornado Realty Trust (NYSE:VNO) by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,416 shares of the real estate investment trust’s stock after purchasing an additional 4,986 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Vornado Realty Trust were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VNO. Thrivent Financial for Lutherans lifted its position in shares of Vornado Realty Trust by 1.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 30,379 shares of the real estate investment trust’s stock valued at $869,000 after buying an additional 330 shares in the last quarter. Greenleaf Trust lifted its position in shares of Vornado Realty Trust by 2.8% during the 3rd quarter. Greenleaf Trust now owns 19,064 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 516 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Vornado Realty Trust by 49.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 556 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Vornado Realty Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 46,439 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 628 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its position in shares of Vornado Realty Trust by 1.9% during the 3rd quarter. Wealthspire Advisors LLC now owns 33,928 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 638 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.5 %

NYSE VNO opened at $25.83 on Friday. Vornado Realty Trust has a 52 week low of $12.31 and a 52 week high of $32.21. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The business’s fifty day simple moving average is $26.56 and its 200-day simple moving average is $25.49. The firm has a market cap of $4.92 billion, a PE ratio of 112.30 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The company had revenue of $441.89 million for the quarter, compared to analysts’ expectations of $453.82 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TheStreet upgraded Vornado Realty Trust from a “d+” rating to a “c-” rating in a research report on Thursday, December 28th. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. The Goldman Sachs Group decreased their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, February 22nd. Evercore ISI decreased their price objective on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th. Finally, Barclays began coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price objective on the stock. Six analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.