Schwab Charles Investment Management Inc. boosted its position in shares of Vornado Realty Trust (NYSE:VNO) by 11.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,496,837 shares of the real estate investment trust’s stock after buying an additional 151,551 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Vornado Realty Trust were worth $140,553,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Levin Capital Strategies L.P. raised its position in Vornado Realty Trust by 2.8% in the first quarter. Levin Capital Strategies L.P. now owns 208,148 shares of the real estate investment trust’s stock worth $20,879,000 after buying an additional 5,610 shares in the last quarter. Clinton Group Inc. purchased a new position in Vornado Realty Trust during the first quarter worth $11,386,000. Dynamic Technology Lab Private Ltd purchased a new position in Vornado Realty Trust during the first quarter worth $841,000. FIL Ltd raised its position in Vornado Realty Trust by 34.2% in the first quarter. FIL Ltd now owns 82,623 shares of the real estate investment trust’s stock worth $8,288,000 after buying an additional 21,057 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in Vornado Realty Trust by 9.0% in the first quarter. Glen Harbor Capital Management LLC now owns 6,666 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 550 shares in the last quarter. 87.10% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust (NYSE VNO) opened at 75.73 on Friday. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 16.36 and a beta of 0.97. The company’s 50-day moving average is $79.61 and its 200 day moving average is $95.26. Vornado Realty Trust has a 12 month low of $74.42 and a 12 month high of $90.32.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The firm had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a net margin of 23.45% and a return on equity of 7.92%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share. On average, equities research analysts predict that Vornado Realty Trust will post $1.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, August 3rd. Vornado Realty Trust’s payout ratio is presently 51.72%.

WARNING: “Schwab Charles Investment Management Inc. Has $140.55 Million Position in Vornado Realty Trust (VNO)” was first reported by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/schwab-charles-investment-management-inc-has-140-55-million-position-in-vornado-realty-trust-vno/1477568.html.

VNO has been the subject of a number of analyst reports. TheStreet lowered shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, June 20th. Barclays PLC cut their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Evercore ISI raised shares of Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 price objective for the company in a research report on Monday, July 10th. Morgan Stanley reissued an “equal weight” rating and issued a $81.00 price objective on shares of Vornado Realty Trust in a research report on Saturday, July 22nd. Finally, Deutsche Bank AG cut their price objective on shares of Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $100.75.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO).

Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.