Kentucky Retirement Systems Insurance Trust Fund Takes $259,000 Position in Vornado Realty Trust (NYSE:VNO)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,160 shares of the real estate investment trust's stock, valued at approximately $259,000.

Several other hedge funds have also added to or reduced their stakes in VNO. ORG Wealth Partners LLC acquired a new stake in Vornado Realty Trust during the 4th quarter valued at $32,000. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 872 shares during the last quarter. Blue Trust Inc. lifted its holdings in Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 844 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 661 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Stock Down 2.2 %

Vornado Realty Trust stock traded down $0.88 during trading on Friday, hitting $38.82. 607,238 shares of the company were exchanged, compared to its average volume of 1,234,827. The business's 50 day moving average is $41.77 and its 200 day moving average is $39.89. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a market capitalization of $7.41 billion, a P/E ratio of 970.25, a PEG ratio of 10.08 and a beta of 1.62. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 annualized dividend and a yield of 7.62%. This is a boost from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's payout ratio is currently 1,850.00%.

Analyst Ratings Changes

VNO has been the topic of several recent research reports. Evercore ISI increased their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Barclays increased their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a research report on Monday, October 28th. Compass Point increased their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Mizuho upgraded Vornado Realty Trust from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.98.

Vornado Realty Trust Company Profile

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