Mackenzie Financial Corp Has $12.97 Million Stock Holdings in Vornado Realty Trust (NYSE:VNO)

Mackenzie Financial Corp lowered its position in Vornado Realty Trust (NYSE:VNO - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,615 shares of the real estate investment trust's stock after selling 14,532 shares during the quarter. Mackenzie Financial Corp owned 0.16% of Vornado Realty Trust worth $12,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNO. Assetmark Inc. increased its holdings in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 324 shares during the last quarter. Vident Advisory LLC increased its holdings in Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after buying an additional 344 shares during the last quarter. Arizona State Retirement System increased its holdings in Vornado Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 46,995 shares of the real estate investment trust's stock valued at $1,976,000 after buying an additional 373 shares during the last quarter. Finally, Mariner LLC increased its holdings in Vornado Realty Trust by 0.9% in the fourth quarter. Mariner LLC now owns 45,274 shares of the real estate investment trust's stock valued at $1,903,000 after buying an additional 404 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

VNO traded down $1.00 during trading on Friday, reaching $37.66. The stock had a trading volume of 1,324,147 shares, compared to its average volume of 1,611,515. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 941.50, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 1-year low of $23.50 and a 1-year high of $46.63. The stock has a 50 day moving average of $36.38 and a two-hundred day moving average of $39.58.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The firm had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Activity

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president now owns 30,000 shares in the company, valued at approximately $1,139,400. This represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.42% of the company's stock.

Analyst Upgrades and Downgrades

VNO has been the subject of several recent research reports. Morgan Stanley upped their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Piper Sandler upped their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Finally, Barclays upped their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $38.09.

Vornado Realty Trust Profile

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