Teachers Retirement System of The State of Kentucky Has $1.48 Million Holdings in Vornado Realty Trust (NYSE:VNO)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Vornado Realty Trust (NYSE:VNO) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,343 shares of the real estate investment trust’s stock after selling 2,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vornado Realty Trust were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VNO. Norges Bank acquired a new stake in Vornado Realty Trust during the 4th quarter valued at approximately $489,922,000. Kemnay Advisory Services Inc. acquired a new stake in Vornado Realty Trust during the 3rd quarter valued at approximately $132,326,000. Deutsche Bank AG increased its position in Vornado Realty Trust by 141.9% during the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock valued at $96,128,000 after purchasing an additional 2,486,439 shares during the period. Rush Island Management LP acquired a new stake in Vornado Realty Trust during the 3rd quarter valued at approximately $27,901,000. Finally, Nomura Holdings Inc. grew its position in shares of Vornado Realty Trust by 2,410.2% during the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock worth $27,488,000 after buying an additional 934,271 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $25.81 on Friday. The company has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $26.54. Vornado Realty Trust has a 12-month low of $14.46 and a 12-month high of $32.21. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a market cap of $4.92 billion, a P/E ratio of 172.08 and a beta of 1.59.

Analysts Set New Price Targets

VNO has been the subject of several recent analyst reports. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, June 18th. Scotiabank reduced their price objective on shares of Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. BMO Capital Markets reduced their price objective on shares of Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Finally, Compass Point reduced their price objective on shares of Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $24.27.

Vornado Realty Trust Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.