Charles Schwab Investment Management Inc. Boosts Stake in Vornado Realty Trust (NYSE:VNO)

Charles Schwab Investment Management Inc. grew its stake in shares of Vornado Realty Trust (NYSE:VNO) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,801,260 shares of the real estate investment trust’s stock after buying an additional 149,017 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vornado Realty Trust were worth $110,370,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VNO. Price T Rowe Associates Inc. MD increased its position in Vornado Realty Trust by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,196,145 shares of the real estate investment trust’s stock worth $178,264,000 after purchasing an additional 44,147 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Vornado Realty Trust by 9.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,187 shares of the real estate investment trust’s stock worth $351,000 after buying an additional 1,013 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of Vornado Realty Trust during the first quarter worth about $1,429,000. Cetera Advisors LLC acquired a new position in shares of Vornado Realty Trust in the first quarter valued at approximately $219,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,018 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on VNO. Scotiabank lifted their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Bank of America increased their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a report on Thursday, September 12th. Finally, Truist Financial upped their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $43.07 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a 1-year low of $21.16 and a 1-year high of $46.63. The firm has a market capitalization of $8.21 billion, a P/E ratio of -148.52 and a beta of 1.64. The business’s 50-day simple moving average is $41.07 and its 200-day simple moving average is $32.82.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Vornado Realty Trust’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Company Profile

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