Mackenzie Financial Corp Boosts Stock Position in Vornado Realty Trust $VNO

Mackenzie Financial Corp lifted its position in Vornado Realty Trust (NYSE:VNO) by 15.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 354,829 shares of the real estate investment trust’s stock after purchasing an additional 46,213 shares during the quarter. Mackenzie Financial Corp’s holdings in Vornado Realty Trust were worth $13,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VNO. US Bancorp DE increased its holdings in Vornado Realty Trust by 1.3% in the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after buying an additional 259 shares during the period. Compound Planning Inc. increased its stake in shares of Vornado Realty Trust by 4.4% in the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 311 shares during the period. Amalgamated Bank increased its stake in shares of Vornado Realty Trust by 0.4% in the second quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock worth $2,933,000 after acquiring an additional 314 shares during the period. ProShare Advisors LLC raised its holdings in shares of Vornado Realty Trust by 4.7% during the second quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 330 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Vornado Realty Trust by 4.7% during the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Insider Activity

In related news, EVP Haim Chera sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.42% of the stock is currently owned by company insiders.

Vornado Realty Trust Trading Down 0.6%

Shares of VNO stock opened at $36.53 on Wednesday. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.52. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 4.57 and a beta of 1.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The stock has a 50 day simple moving average of $37.86 and a 200-day simple moving average of $38.52.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $435.19 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. On average, equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VNO shares. LADENBURG THALM/SH SH started coverage on Vornado Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $48.00 price target on the stock. Scotiabank lowered their target price on Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Truist Financial lifted their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Friday. Finally, Bank of America cut their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.31.

About Vornado Realty Trust

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