Raymond James Financial Services Advisors Inc. Raises Stock Position in Vornado Realty Trust (NYSE:VNO)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of VNO. Raymond James & Associates grew its stake in Vornado Realty Trust by 39.3% in the 1st quarter. Raymond James & Associates now owns 8,627 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 2,432 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Vornado Realty Trust by 11.1% in the 1st quarter. US Bancorp DE now owns 10,522 shares of the real estate investment trust’s stock worth $477,000 after acquiring an additional 1,052 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth approximately $208,000. Natixis Advisors L.P. lifted its holdings in shares of Vornado Realty Trust by 24.5% in the 1st quarter. Natixis Advisors L.P. now owns 23,245 shares of the real estate investment trust’s stock worth $1,053,000 after acquiring an additional 4,575 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Vornado Realty Trust by 24.1% in the 1st quarter. MetLife Investment Management LLC now owns 43,587 shares of the real estate investment trust’s stock worth $1,975,000 after acquiring an additional 8,459 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.5 %

Shares of NYSE VNO opened at $25.83 on Friday. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $32.21. The firm has a market capitalization of $4.92 billion, a PE ratio of 112.30 and a beta of 1.57. The firm has a fifty day simple moving average of $26.56 and a two-hundred day simple moving average of $25.49.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $453.82 million. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts expect that Vornado Realty Trust will post 2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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