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

Charles Schwab Investment Management Inc. trimmed its holdings in Vornado Realty Trust (NYSE:VNO) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,766,183 shares of the real estate investment trust’s stock after selling 35,077 shares during the period. Charles Schwab Investment Management Inc. owned about 1.45% of Vornado Realty Trust worth $116,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. UMB Bank n.a. grew its position in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Thrivent Financial for Lutherans lifted its stake in Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Vornado Realty Trust by 0.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 299 shares during the period. US Bancorp DE increased its position 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 acquiring an additional 311 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 324 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.77 on Friday. The firm has a market capitalization of $7.59 billion, a P/E ratio of 994.23, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm’s fifty day moving average price is $41.17 and its two-hundred day moving average price is $40.57. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VNO shares. The Goldman Sachs Group upped their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Compass Point upped their price objective 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. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial upped their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Company Profile

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