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

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Vornado Realty Trust (NYSE:VNO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,160 shares of the real estate investment trust’s stock, valued at approximately $259,000.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth $32,000. UMB Bank n.a. raised its stake 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 worth $32,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc raised its stake 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 worth $40,000 after acquiring an additional 872 shares in the last quarter. Blue Trust Inc. raised its stake 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 worth $43,000 after acquiring an additional 844 shares in the last quarter. Finally, Assetmark Inc. raised its stake 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 worth $47,000 after acquiring an additional 661 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Scotiabank lifted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Stock Down 1.3 %

Shares of NYSE:VNO opened at $41.29 on Thursday. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 1,032.15 and a beta of 1.62. The firm’s 50-day simple moving average is $41.87 and its 200-day simple moving average is $39.89. 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 fifty-two week low of $22.42 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share 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%. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

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

About Vornado Realty Trust

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