Mackenzie Financial Corp Takes Position in Vornado Realty Trust (VNO)

Mackenzie Financial Corp acquired a new stake in Vornado Realty Trust (NYSE:VNO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,001 shares of the real estate investment trust’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of Vornado Realty Trust by 111.9% during the third quarter. Stifel Financial Corp now owns 39,599 shares of the real estate investment trust’s stock worth $3,046,000 after purchasing an additional 20,913 shares in the last quarter. Tredje AP fonden lifted its position in shares of Vornado Realty Trust by 15.3% during the third quarter. Tredje AP fonden now owns 30,814 shares of the real estate investment trust’s stock worth $2,369,000 after purchasing an additional 4,090 shares in the last quarter. Sarasin & Partners LLP lifted its position in shares of Vornado Realty Trust by 6.1% during the third quarter. Sarasin & Partners LLP now owns 133,417 shares of the real estate investment trust’s stock worth $10,257,000 after purchasing an additional 7,644 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Vornado Realty Trust by 10.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 35,630 shares of the real estate investment trust’s stock worth $2,739,000 after purchasing an additional 3,500 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Vornado Realty Trust by 3.6% during the third quarter. KBC Group NV now owns 66,668 shares of the real estate investment trust’s stock worth $5,125,000 after purchasing an additional 2,295 shares in the last quarter. 86.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Vornado Realty Trust (VNO) traded up $0.02 during trading on Tuesday, reaching $77.01. 892,800 shares of the company’s stock traded hands, compared to its average volume of 1,137,350. The stock has a market capitalization of $14,618.70, a price-to-earnings ratio of 18.87, a P/E/G ratio of 4.63 and a beta of 0.99. Vornado Realty Trust has a one year low of $71.89 and a one year high of $89.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.90. The company had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. sell-side analysts predict that Vornado Realty Trust will post 3.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.12%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 57.97%.

Several brokerages have recently issued reports on VNO. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $86.00 to $77.00 in a report on Wednesday, August 30th. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Thursday, August 24th. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Finally, Barclays reaffirmed a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Vornado Realty Trust currently has a consensus rating of “Buy” and an average target price of $91.73.

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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.

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

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