Oppenheimer Asset Management Inc. Buys 30,217 Shares of Vornado Realty Trust (NYSE:VNO)

Oppenheimer Asset Management Inc. increased its holdings in Vornado Realty Trust (NYSE:VNO - Free Report) by 40.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,335 shares of the real estate investment trust's stock after buying an additional 30,217 shares during the period. Oppenheimer Asset Management Inc. owned 0.05% of Vornado Realty Trust worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Nomura Holdings Inc. lifted its holdings in shares of Vornado Realty Trust by 2,410.2% during the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust's stock worth $27,488,000 after acquiring an additional 934,271 shares during the period. Natixis bought a new stake in Vornado Realty Trust during the first quarter worth $21,564,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Vornado Realty Trust by 324.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust's stock valued at $20,292,000 after purchasing an additional 590,176 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Vornado Realty Trust by 131.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,007,733 shares of the real estate investment trust's stock valued at $28,468,000 after purchasing an additional 572,955 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Vornado Realty Trust in the 1st quarter valued at $12,824,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Insider Buying and Selling at Vornado Realty Trust

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the transaction, the director now directly owns 3,034 shares of the company's stock, valued at approximately $85,528.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.14% of the company's stock.

Vornado Realty Trust Trading Up 3.4 %

Shares of VNO traded up $1.28 during mid-day trading on Wednesday, reaching $38.88. 2,960,221 shares of the company were exchanged, compared to its average volume of 2,087,096. The business has a 50 day simple moving average of $31.72 and a two-hundred day simple moving average of $27.91. Vornado Realty Trust has a 52 week low of $18.36 and a 52 week high of $39.88. The stock has a market capitalization of $7.41 billion, a PE ratio of 253.62 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The firm had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same quarter last year, the firm posted $0.72 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that Vornado Realty Trust will post 2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on VNO shares. Compass Point lifted their target price on Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Piper Sandler upgraded shares of Vornado Realty Trust from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $22.00 to $30.00 in a research report on Thursday, August 8th. BMO Capital Markets raised shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Scotiabank boosted their target price on shares of Vornado Realty Trust from $23.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 4th. Finally, Truist Financial increased their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.43.

Vornado Realty Trust 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.