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

44.90

Mkt cap

8.7B

Volume

1.1M

High

45.90

P/E Ratio

-163.43

52-wk high

45.90

Low

44.73

Div yield

0.01

52-wk low

19.63

Rumors are circulating that a large activist investor may be getting involved with Vornado Realty Trust (VNO). The activist could be seeking board representation and may call for the company to explore a private takeover or a takeover from Activist Insight.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 1:42 pm

REIT stocks are trading higher due to a decline in Treasury yields and Prologis' acquisition of a $3.1 billion industrial property portfolio from Blackstone, potentially lifting industrial property stocks.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:40 pm

Rental prices in the US have dropped for the first time since the onset of the COVID-19 pandemic, with national median rents for 0-2 bedrooms in the 50 largest metropolitan areas dipping 0.5% in May. Despite relief for renters, affordability remains a challenge. Commercial real estate stocks, including Vornado Realty Trust (NYSE:VNO) and SL Green Realty Corp (NYSE:SLG), are seeing a rally.

Portfolio Pulse from AJ Fabino

June 26, 2023 | 4:48 pm

U.S. stocks traded mixed on Monday, with the Nasdaq Composite gaining around 60 points. Several stocks recorded significant gains, including MoonLake Immunotherapeutics, Acelyrin, ORIC Pharmaceuticals, Identiv, SL Green Realty, Lucid Group, PacWest Bancorp, and Wolfspeed.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 2:13 pm

US stocks are expected to start the week with a negative bias after major indices snapped multi-week winning streaks on Friday. Analyst Ryan Detrick advises not to worry, as weakness in the third week of June is historically normal. In premarket trading, SPY and QQQ ETFs slipped, while TSLA, AAPL, SPCE, and CCL stocks are in focus.

Portfolio Pulse from Shanthi Rexaline

June 26, 2023 | 10:06 am

The US commercial real estate industry is facing distress as troubled assets surge to $64 billion in Q1 2023, a 10% rise from the previous quarter. Retail properties and office buildings are the most troubled sectors, with Manhattan being the most active market for distressed asset sales. Five stocks with significant exposure to the commercial real estate market are SL Green Realty Corp. (SLG), Hudson Pacific Properties, Inc. (HPP), Vornado Realty Trust (VNO), Office Properties Income Trust (OPI), and Douglas Emmett Inc (DEI).

Portfolio Pulse from Piero Cingari

June 23, 2023 | 7:17 pm

The COVID-19 pandemic and the rise of remote work are causing turmoil in the commercial real estate market, with tech giants like Microsoft, Alphabet, Meta Platforms, and Amazon scaling back their real estate footprints. Office real estate prices have declined 15% over the past year, and short interest is rising in commercial real estate stocks such as SL Green Realty, Hudson Pacific Properties, Vornado Realty Trust, Office Properties Income Trust, and Douglas Emmet.

Portfolio Pulse from Piero Cingari

June 07, 2023 | 9:14 pm

REITs and real estate companies' shares are trading higher due to overall market strength after the Senate passed a debt limit bill.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:23 pm

Over the past 3 months, 9 analysts have published their opinion on Vornado Realty (NYSE:VNO) stock, with an average price target of $14.67, representing a 20.7% decrease from the previous average price target of $18.50.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 4:02 pm

Morgan Stanley analyst Ronald Josey maintains an Underweight rating on Vornado Realty (NYSE:VNO) and lowers the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 12:53 pm

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