From MarketBeat:

Quantbot Technologies LP recently purchased a new position in Vornado Realty Trust, acquiring 51,044 shares valued at $1,158,000. Other hedge funds and institutional investors, such as Vanguard Group, BlackRock, and Norges Bank, have also increased their holdings in Vornado Realty Trust. 75.86% of the stock is now owned by institutional investors and hedge funds.

Vornado Realty Trust’s stock opened at $26.24 on Friday, down 1.9%. The company has a market capitalization of $4.99 billion and a dividend yield of 4.57%. The stock has ranged from a 12-month low of $12.31 to a high of $32.21.

Vornado Realty Trust recently cut its quarterly dividend to $0.30 per share, representing a dividend payout ratio of -59.41%. Several research firms have given the company various ratings, with six analysts rating the stock as “sell” and five rating it as “hold”.

In recent insider trading activity, Director Russell B. Wight, Jr. sold 20,000 shares of Vornado Realty Trust stock at an average price of $28.04. Another director, Michael D. Fascitelli, sold 262,945 shares at an average price of $29.54.

Vornado Realty Trust is a real estate investment trust with a portfolio in New York City, Chicago, and San Francisco. The company is also a leader in sustainability, with over 27 million square feet of LEED-certified buildings.

For those interested in Vornado Realty Trust, MarketBeat provides the latest 13F filings and insider trades. The company currently has a “Reduce” rating among analysts, but MarketBeat has also identified five stocks that top analysts are recommending as better buys.



Read more: Quantbot Technologies LP Takes $1.16 Million Position in Vornado Realty Trust (NYSE:VNO)