Oppenheimer Asset Management Inc. acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO) during the first quarter, Holdings Channel reports. The fund acquired 16,001 shares of the real estate investment trust’s stock, valued at approximately $1,605,000.

A number of other large investors also recently added to or reduced their stakes in VNO. Harvest Fund Management Co. Ltd boosted its stake in Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 500 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Vornado Realty Trust by 1.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,404 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 20 shares during the period. Advisors Asset Management Inc. boosted its stake in Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 741 shares during the period. First Allied Advisory Services Inc. bought a new stake in Vornado Realty Trust during the fourth quarter valued at about $210,000. Finally, Global X Management Co. LLC boosted its stake in Vornado Realty Trust by 44.6% in the first quarter. Global X Management Co. LLC now owns 2,041 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 630 shares during the period. 91.92% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Shares of Vornado Realty Trust (NYSE VNO) traded down 1.60% during midday trading on Wednesday, hitting $91.88. 385,445 shares of the stock traded hands. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 17.74 and a beta of 0.96. The stock has a 50-day moving average of $93.59 and a 200-day moving average of $101.50. Vornado Realty Trust has a 52-week low of $86.35 and a 52-week high of $111.72.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.64. Vornado Realty Trust had a net margin of 42.35% and a return on equity of 6.84%. The business had revenue of $620.85 million during the quarter, compared to analyst estimates of $642 million. During the same quarter last year, the firm posted ($0.61) earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Vornado Realty Trust will post $1.50 earnings per share for the current fiscal year.

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Several brokerages have recently weighed in on VNO. Evercore ISI reaffirmed an “in-line” rating and issued a $107.00 price target (down previously from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. BidaskClub raised shares of Vornado Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Deutsche Bank AG upped their price target on shares of Vornado Realty Trust from $97.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, March 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 price target (down previously from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $107.79.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

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