Charles Schwab Investment Management Inc. Sells 35,077 Shares of Vornado Realty Trust (NYSE:VNO)

Charles Schwab Investment Management Inc. decreased its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,766,183 shares of the real estate investment trust's stock after selling 35,077 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.45% of Vornado Realty Trust worth $116,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VNO. US Bancorp DE grew its holdings in shares of Vornado Realty Trust by 1.8% during the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock worth $691,000 after buying an additional 311 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 665 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Vornado Realty Trust by 10.1% during the 3rd quarter. Van ECK Associates Corp now owns 77,794 shares of the real estate investment trust's stock worth $3,335,000 after acquiring an additional 7,144 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock valued at $111,146,000 after purchasing an additional 2,286,997 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 661 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho raised shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. StockNews.com upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Compass Point boosted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust has a consensus rating of "Hold" and a consensus price target of $38.55.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded up $0.95 during mid-day trading on Wednesday, hitting $37.35. 717,200 shares of the company's stock traded hands, compared to its average volume of 1,306,360. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a 50 day simple moving average of $41.00 and a two-hundred day simple moving average of $40.71. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 934.65, a P/E/G ratio of 9.69 and a beta of 1.60.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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