Kentucky Retirement Systems Insurance Trust Fund Acquires Shares of 6,160 Vornado Realty Trust (NYSE:VNO)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Vornado Realty Trust (NYSE:VNO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,160 shares of the real estate investment trust’s stock, valued at approximately $259,000.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP raised its holdings in Vornado Realty Trust by 112.0% in the 3rd quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock valued at $5,132,000 after acquiring an additional 68,813 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $4,015,000. JPMorgan Chase & Co. increased its holdings in shares of Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Vornado Realty Trust by 38.5% during the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock worth $7,735,000 after buying an additional 54,539 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VNO. Evercore ISI raised their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Barclays raised their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Scotiabank increased their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $41.29 on Thursday. 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 52 week low of $22.42 and a 52 week high of $46.63. The stock has a market capitalization of $7.88 billion, a PE ratio of 1,032.15 and a beta of 1.62. The firm has a 50 day moving average of $41.87 and a two-hundred day moving average of $39.89.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.74 per share. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.17%. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s payout ratio is 1,850.00%.

Vornado Realty Trust Profile

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