Vornado Realty Trust (NYSE:VNO) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 40.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,335 shares of the real estate investment trust’s stock after purchasing an additional 30,217 shares during the period. Oppenheimer Asset Management Inc. owned 0.05% of Vornado Realty Trust worth $2,743,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VNO. Private Advisor Group LLC increased its position in shares of Vornado Realty Trust by 29.5% during the fourth quarter. Private Advisor Group LLC now owns 15,287 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 3,479 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $58,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $1,819,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Vornado Realty Trust by 1.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 96,587 shares of the real estate investment trust’s stock valued at $2,635,000 after acquiring an additional 1,144 shares during the period. Finally, Beacon Pointe Advisors LLC increased its position in shares of Vornado Realty Trust by 21.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 33,882 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 5,935 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Up 0.3 %

Vornado Realty Trust stock opened at $37.60 on Wednesday. The stock has a market capitalization of $7.16 billion, a PE ratio of 250.67 and a beta of 1.65. Vornado Realty Trust has a 12 month low of $18.36 and a 12 month high of $38.09. The business has a 50 day simple moving average of $31.72 and a 200-day simple moving average of $27.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The business had revenue of $450.27 million during the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. On average, analysts anticipate that Vornado Realty Trust will post 2.15 EPS for the current fiscal year.

Insider Activity

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the sale, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.14% of the company’s stock.

Analysts Set New Price Targets

VNO has been the topic of several research reports. Truist Financial upped their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. The Goldman Sachs Group upped their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Evercore ISI upped their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Finally, Bank of America upped their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $30.43.

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.