Streetbeat News

VNO

Vornado Realty Trust

https://www.vno.com

Industry

REIT - Office

Vornado's portfolio is concentrated in the nation's key market "New York City" along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.

Open

41.46

Mkt cap

7.7B

Volume

2.2M

High

41.59

P/E Ratio

-145.04

52-wk high

46.63

Low

39.89

Div yield

0.01

52-wk low

21.16

Vornado Realty Trust is benefiting from a strong leasing environment in Manhattan, with expectations of increased portfolio occupancy. The office-to-residential conversions are reducing office space supply, potentially boosting the value of Vornado's Series O Preferreds.

Portfolio Pulse from

November 13, 2024 | 3:00 pm

Vornado Realty Trust's Q3 results met estimates but showed year-over-year declines in revenue and FFO/share, highlighting challenges in the office real estate market due to weak demand and high vacancy rates.

Portfolio Pulse from

November 06, 2024 | 5:30 am

Vornado Realty Trust held its Q3 2024 earnings call, discussing financial performance and strategic initiatives. Key executives and analysts participated, providing insights into the company's operations and market outlook.

Portfolio Pulse from

November 05, 2024 | 9:30 pm

Vornado Realty Trust (VNO) reported Q3 results with revenues and FFO surpassing estimates due to strong leasing activity. However, the same-store Net Operating Income (NOI) declined across its portfolio.

Portfolio Pulse from

November 05, 2024 | 5:30 pm

Vornado (VNO) reported Q3 funds from operations (FFO) of $0.52 per share, surpassing the Zacks Consensus Estimate of $0.51. However, this is a decrease from the $0.66 per share reported a year ago.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Vornado (VNO) released its Q3 earnings for the quarter ended September 2024. The report provides insights into the company's performance, comparing key metrics against Wall Street estimates and the previous year's results.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Barclays analyst Ross Smotrich maintains an Underweight rating on Vornado Realty (NYSE:VNO) but raises the price target from $27 to $34.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:48 pm

Scotiabank analyst Nicholas Yulico maintains a Sector Perform rating on Vornado Realty (NYSE:VNO) and raises the price target from $33 to $38.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 2:37 pm

Analysts have provided a range of ratings for Vornado Realty (NYSE:VNO) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 23.76% to $32.66. Vornado Realty faces challenges with a revenue decline of -4.68% but maintains strong profitability and financial metrics.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 8:00 pm

Analysts have provided mixed evaluations of Vornado Realty (NYSE:VNO) over the past three months, with a notable increase in the average 12-month price target from $26.39 to $32.66. Despite a decline in revenue growth, Vornado Realty shows strong profitability and effective asset utilization, though it carries a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 1:00 pm

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