Charles Schwab Investment Management Inc. Has $74.10 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Charles Schwab Investment Management Inc. increased its stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623,058 shares of the real estate investment trust's stock after purchasing an additional 76,882 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.38% of Vornado Realty Trust worth $74,101,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VNO. Contravisory Investment Management Inc. acquired a new stake in Vornado Realty Trust during the fourth quarter worth approximately $26,000. Financial Gravity Asset Management Inc. lifted its position in Vornado Realty Trust by 8,355.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 1,504 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in Vornado Realty Trust in the fourth quarter valued at $40,000. Selway Asset Management purchased a new position in shares of Vornado Realty Trust during the third quarter worth about $45,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Up 0.0 %

Shares of NYSE:VNO traded up $0.01 during midday trading on Wednesday, hitting $25.41. 2,599,967 shares of the company's stock traded hands, compared to its average volume of 2,207,230. The firm's fifty day moving average price is $26.54 and its two-hundred day moving average price is $26.15. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.97 and a current ratio of 4.97. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21. The company has a market cap of $4.84 billion, a PE ratio of 169.41 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a return on equity of 3.02% and a net margin of 5.07%. The company had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same period last year, the firm posted $0.72 earnings per share. The business's revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VNO has been the subject of a number of research reports. Barclays assumed coverage on shares of Vornado Realty Trust in a report on Wednesday, March 27th. They issued an "underweight" rating and a $22.00 target price for the company. Piper Sandler decreased their price objective on Vornado Realty Trust from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Monday. Morgan Stanley raised Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Evercore ISI decreased their price target on Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating for the company in a report on Thursday, February 15th. Finally, Compass Point dropped their price objective on shares of Vornado Realty Trust from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $24.70.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.