270,146 Shares in Vornado Realty Trust (NYSE:VNO) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 270,146 shares of the real estate investment trust’s stock, valued at approximately $11,357,000.

A number of other institutional investors have also added to or reduced their stakes in VNO. Franklin Resources Inc. boosted its position in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 11,107,586 shares of the real estate investment trust’s stock valued at $444,859,000 after acquiring an additional 592,412 shares during the last quarter. Principal Financial Group Inc. raised its stake in Vornado Realty Trust by 126.8% in the fourth 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. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Vornado Realty Trust by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after buying an additional 39,147 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vornado Realty Trust by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,801,260 shares of the real estate investment trust’s stock worth $110,370,000 after buying an additional 149,017 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on VNO shares. Compass Point upped their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Barclays raised their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Truist Financial boosted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Down 0.2 %

Shares of Vornado Realty Trust stock opened at $38.61 on Friday. The company has a 50-day simple moving average of $40.47 and a two-hundred day simple moving average of $40.78. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market capitalization of $7.37 billion, a PE ratio of 965.18, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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