Charles Schwab Investment Management Inc. Cuts Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Charles Schwab Investment Management Inc. lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,698,093 shares of the real estate investment trust's stock after selling 68,090 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.41% of Vornado Realty Trust worth $99,802,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VNO. Signaturefd LLC grew its position in Vornado Realty Trust by 1.4% in the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after acquiring an additional 282 shares in the last quarter. Fifth Third Bancorp grew its position in Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares in the last quarter. Vident Advisory LLC grew its position in Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after acquiring an additional 344 shares in the last quarter. Assetmark Inc. grew its position in Vornado Realty Trust by 23.3% in the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 347 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in Vornado Realty Trust by 1.0% in the first quarter. State of Michigan Retirement System now owns 39,700 shares of the real estate investment trust's stock worth $1,469,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the sale, the executive vice president owned 30,000 shares in the company, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.42% of the company's stock.

Vornado Realty Trust Stock Down 2.0%

Shares of NYSE VNO traded down $0.74 on Thursday, reaching $37.07. 718,941 shares of the company's stock traded hands, compared to its average volume of 1,522,701. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The business's 50 day simple moving average is $38.76 and its two-hundred day simple moving average is $38.36. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 13.68 and a beta of 1.56. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. During the same quarter last year, the firm earned $0.57 earnings per share. The business's revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler upped their target price on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Truist Financial upped their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Evercore ISI cut their price target on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Scotiabank upped their price objective on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the company a "sector perform" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.80.

About Vornado Realty Trust

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