Jefferies Financial Group Inc. Takes Position in Vornado Realty Trust $VNO

Jefferies Financial Group Inc. bought a new stake in Vornado Realty Trust (NYSE:VNO) in the 4th quarter, Holdings Channel.com reports. The firm bought 17,100 shares of the real estate investment trust’s stock, valued at approximately $569,000.

Several other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Vornado Realty Trust by 4.8% in the fourth quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 351 shares during the period. Arjuna Capital boosted its holdings in shares of Vornado Realty Trust by 5.4% in the third quarter. Arjuna Capital now owns 6,942 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 358 shares during the period. Signaturefd LLC boosted its holdings in shares of Vornado Realty Trust by 2.0% in the fourth quarter. Signaturefd LLC now owns 19,976 shares of the real estate investment trust’s stock valued at $665,000 after acquiring an additional 389 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Vornado Realty Trust by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock valued at $1,504,000 after acquiring an additional 391 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Vornado Realty Trust by 15.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 400 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VNO shares. Barclays lowered their price objective on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Truist Financial lowered their price objective on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. JPMorgan Chase & Co. raised their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley dropped their price target on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Finally, Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.55.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock opened at $33.75 on Friday. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The business has a 50 day simple moving average of $29.02 and a 200-day simple moving average of $31.06. The stock has a market capitalization of $6.35 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The company had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $431.72 million. During the same quarter last year, the company earned $0.63 EPS. Vornado Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts predict that Vornado Realty Trust will post 2.33 earnings per share for the current year.

Vornado Realty Trust announced that its board has approved a stock buyback program on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Vornado Realty Trust Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.