Jefferies Financial Group Inc. Makes New Investment in Vornado Realty Trust $VNO

Jefferies Financial Group Inc. purchased a new position in shares of Vornado Realty Trust (NYSE:VNO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,100 shares of the real estate investment trust’s stock, valued at approximately $569,000.

Other large investors also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in Vornado Realty Trust during the 3rd quarter worth about $28,000. Advisory Services Network LLC acquired a new stake in Vornado Realty Trust in the third quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. raised its holdings in Vornado Realty Trust by 512.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 718 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 443 shares in the last quarter. Finally, BOKF NA raised its holdings in Vornado Realty Trust by 1,257.1% in the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,056 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $33.75 on Friday. The firm has a market capitalization of $6.35 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.71 and a beta of 1.53. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The firm’s 50 day moving average is $29.02 and its two-hundred day moving average is $31.06.

Vornado Realty Trust (NYSE:VNO) last announced 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). The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.72 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. Research analysts forecast that Vornado Realty Trust will post 2.33 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VNO shares. Scotiabank raised their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st. Piper Sandler decreased their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Citigroup lifted their price objective on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Mizuho decreased their price objective on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $34.55.

Vornado Realty Trust Company 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.