Oppenheimer Asset Management Inc. Sells 1,802 Shares of Vornado Realty Trust (NYSE:VNO)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,533 shares of the real estate investment trust’s stock after selling 1,802 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.05% of Vornado Realty Trust worth $4,040,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Sei Investments Co. boosted its holdings in shares of Vornado Realty Trust by 5.7% in the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock valued at $13,501,000 after buying an additional 25,374 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Vornado Realty Trust by 7.9% during the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after buying an additional 67,100 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Vornado Realty Trust during the first quarter worth $12,824,000. Bank of Montreal Can lifted its holdings in shares of Vornado Realty Trust by 2,229.1% during the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after buying an additional 818,838 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Vornado Realty Trust by 33.3% during the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock worth $12,553,000 after buying an additional 120,902 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $40.61 on Friday. The business’s 50-day moving average price is $40.41 and its 200-day moving average price is $32.17. Vornado Realty Trust has a 12 month low of $21.16 and a 12 month high of $46.63. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of -140.03 and a beta of 1.64. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Vornado Realty Trust will post 2.15 EPS for the current year.

Wall Street Analyst Weigh In

VNO has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a report on Thursday, September 12th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Tuesday. Scotiabank raised their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Truist Financial raised their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Finally, Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.