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

With interest rates at their highest in over two decades, investors are increasingly turning to corporate bonds, seeking higher yields and diversification from equities. Investment-grade bonds, issued by stable companies, offer safer investment options compared to high-yield bonds from riskier firms. Companies like Nvidia, Amazon, Apple, Eli Lilly, and Walt Disney are rated as investment grade, while AMC Entertainment, Office Property Income Trust, and Navient Corporation are considered speculative grade. The article lists the top 10 investment-grade corporate bonds with the highest yields as of April 2024, including issuers like Prospect Capital, Piedmont Office Realty Trust, Td Synnex Corp, Charter Communications, Vornado Realty Trust, Ford Motor Co, Monsanto (owned by Bayer A.G.), Vici Properties, Ally Financial, and Concentrix Corp.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 4:24 pm

Vornado Realty Trust has filed for a mixed shelf offering, though the size of the offering has not been disclosed.

Portfolio Pulse from Charles Gross

April 01, 2024 | 8:30 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Robinhood, Carnival Corporation, Citigroup, Goldman Sachs, Estée Lauder, KB Home, DraftKings, RH, Vornado Realty Trust, and Braze. These changes reflect analysts' latest views on these stocks, with most companies seeing an increase in their price targets.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:26 pm

Analysts have mixed views on Vornado Realty (NYSE:VNO), with recent ratings ranging from indifferent to bearish. The average 12-month price target is $24.75, down from $26.50, indicating a 6.6% decrease. Vornado faces revenue challenges with a -1.13% decline over 3 months, but has strong net margin and ROE. Its debt-to-equity ratio is high at 2.08, suggesting financial leverage concerns.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:01 pm

Morgan Stanley analyst Ronald Kamdem upgraded Vornado Realty (VNO) from Underweight to Equal-Weight and increased the price target from $24 to $26.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:46 am

The Federal Reserve's indication of potential interest rate cuts in 2024 and 2025 has sparked a rally in the real estate sector, particularly benefiting stocks with high debt levels or exposure to the office industry. The Vanguard Real Estate ETF (VNQ) and the VanEck Office And Commercial Real Estate ETF (DESK) saw increases, along with significant gains for City Office REIT (CIO), Compass Inc. (COMP), Office Properties Income Trust (OPI), Anywhere Real Estate Inc. (HOUS), and Vornado Realty Trust (VNO).

Portfolio Pulse from Piero Cingari

March 21, 2024 | 9:29 pm

Over the past three months, 7 analysts have provided diverse opinions on Vornado Realty (NYSE:VNO), with recent ratings showing a shift towards a more bearish outlook. The average 12-month price target has been raised to $26.71, indicating an 8.27% increase from the previous target. Analyst actions include both downgrades and upgrades, reflecting varying perspectives on the company's performance. Vornado Realty, a REIT with properties in key U.S. cities, faces revenue challenges and a high debt-to-equity ratio, despite strong net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:00 pm

Truist Securities analyst Michael Lewis maintains a Hold rating on Vornado Realty (VNO) and lowers the price target from $30 to $26.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:23 pm

REIT shares are trading lower due to an increase in Treasury yields, potentially causing investors to rotate out of income-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:46 pm

Vornado Realty Trust's shares saw an increase following the announcement of mixed financial results for Q4.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

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