Vornado Realty Trust (NYSE:VNO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in shares of Vornado Realty Trust (NYSE:VNO) by 2.5% in the first quarter, Holdings Channel.com reports. The fund owned 2,698,093 shares of the real estate investment trust’s stock after selling 68,090 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vornado Realty Trust were worth $99,802,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VNO. Deutsche Bank AG boosted its position in shares of Vornado Realty Trust by 180.7% during the 4th quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust’s stock worth $102,373,000 after purchasing an additional 1,567,742 shares during the period. Northern Trust Corp lifted its stake in Vornado Realty Trust by 98.3% during the fourth quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust’s stock worth $115,237,000 after purchasing an additional 1,358,498 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Vornado Realty Trust during the fourth quarter worth $28,651,000. Centersquare Investment Management LLC grew its stake in shares of Vornado Realty Trust by 32.2% in the first quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock valued at $96,022,000 after buying an additional 632,721 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of Vornado Realty Trust by 27.8% in the 4th quarter. Bamco Inc. NY now owns 2,443,712 shares of the real estate investment trust’s stock valued at $102,734,000 after buying an additional 531,353 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Up 2.6%

NYSE VNO opened at $36.83 on Wednesday. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.63. The firm has a 50 day moving average of $38.83 and a two-hundred day moving average of $38.40. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $7.07 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 12.99 and a beta of 1.56.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to analysts’ expectations of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. As a group, research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VNO shares. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Evercore ISI lowered their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Piper Sandler lifted their price objective on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Scotiabank increased their target price on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, July 14th. Finally, Mizuho decreased their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and an average target price of $37.80.

Insider Transactions at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president owned 30,000 shares in the company, valued at approximately $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.42% of the stock is owned by company insiders.

Vornado Realty Trust Company Profile

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