Mackenzie Financial Corp Boosts Stake in Vornado Realty Trust (NYSE:VNO)

Mackenzie Financial Corp lifted its holdings in Vornado Realty Trust (NYSE:VNO) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,566 shares of the real estate investment trust’s stock after purchasing an additional 1,971 shares during the quarter. Mackenzie Financial Corp owned 0.19% of Vornado Realty Trust worth $9,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in Vornado Realty Trust during the fourth quarter valued at $26,000. Parkside Financial Bank & Trust increased its position in Vornado Realty Trust by 170.0% during the first quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 804 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at $40,000. Financial Gravity Asset Management Inc. increased its position in Vornado Realty Trust by 8,355.6% during 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. Finally, Global Retirement Partners LLC increased its position in Vornado Realty Trust by 49.8% during the third quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 556 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, February 22nd. TheStreet raised Vornado Realty Trust from a “d+” rating to a “c-” rating in a report on Thursday, December 28th. Barclays initiated coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They set an “underweight” rating and a $22.00 price target for the company. Evercore ISI cut 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, Morgan Stanley raised Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Reduce” and a consensus target price of $24.80.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $26.09 on Friday. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 113.43 and a beta of 1.57. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $26.56 and a 200-day moving average price of $25.52. Vornado Realty Trust has a twelve month low of $12.31 and a twelve month high of $32.21.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The business had revenue of $441.89 million during the quarter, compared to the consensus estimate of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. As a group, equities research analysts predict that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

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.