Vornado Realty Trust (NYSE:VNO) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in Vornado Realty Trust (NYSE:VNO) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 352,566 shares of the real estate investment trust’s stock after buying an additional 1,971 shares during the period. Mackenzie Financial Corp’s holdings in Vornado Realty Trust were worth $9,960,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Vornado Realty Trust by 7.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,337 shares of the real estate investment trust’s stock worth $5,321,000 after purchasing an additional 12,865 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Vornado Realty Trust in the 4th quarter worth $1,268,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Vornado Realty Trust in the 4th quarter worth $40,000. Allspring Global Investments Holdings LLC boosted its position in shares of Vornado Realty Trust by 12.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 242,970 shares of the real estate investment trust’s stock worth $6,864,000 after purchasing an additional 27,362 shares in the last quarter. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of Vornado Realty Trust in the 4th quarter worth $226,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $26.09 on Friday. The stock has a 50-day simple moving average of $26.56 and a two-hundred day simple moving average of $25.52. The firm has a market capitalization of $4.97 billion, a P/E ratio of 113.43 and a beta of 1.57. Vornado Realty Trust has a fifty-two week low of $12.31 and a fifty-two week high of $32.21. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95.

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 company had revenue of $441.89 million for the quarter, compared to analysts’ expectations of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. On average, equities analysts forecast that Vornado Realty Trust will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TheStreet upgraded Vornado Realty Trust from a “d+” rating to a “c-” rating in a research note on Thursday, December 28th. Barclays assumed coverage on Vornado Realty Trust in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 target price for the company. Evercore ISI reduced their target price on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, February 15th. The Goldman Sachs Group reduced their target price on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 22nd. Finally, Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $24.80.

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.