|Bid||67.18 x 1100|
|Ask||67.19 x 800|
|Day's Range||67.05 - 67.65|
|52 Week Range||58.60 - 70.54|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||4.27|
|Earnings Date||Feb 17, 2020|
|Forward Dividend & Yield||2.64 (3.92%)|
|Ex-Dividend Date||Jan 22, 2020|
|1y Target Est||70.08|
PARAMUS, N.J., Jan. 15, 2020 -- VORNADO REALTY TRUST (NYSE:VNO) announced today that its Board of Trustees has declared a regular quarterly dividend of $.66 per share payable.
NEW YORK, Jan. 15, 2020 -- VORNADO REALTY TRUST (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends: Series.
The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely regarded as the best gauge of large-cap U.S. equities. Some of the largest companies in the index include Microsoft Corp.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 […]
CBRE Global Investors is rolling out a series of upgrades to the Warner building in downtown D.C. to help it retain tenants and attract new ones after anchor law firm tenant Baker Botts LLC leaves early next year. It's not the first time the 600,000-square-foot building at 1299 Pennsylvania Ave. NW, famously shown in a scene from the John Grisham book-turned movie "The Pelican Brief," has faced adversity.
Solid dividend payouts remain the biggest attraction for REIT investors and Vornado (VNO) remains committed to that. Its special dividend results from dispositions and sale of interests in assets.
Shares of Vornado Realty Trust hiked up 1.9% in midday trading Wednesday, after the New York-based real estate investment trust declared a special dividend of $1.95 a share. The dividend, which is payable Jan. 15 to shareholders of record on Dec. 30 is the result of gains from the transfer of its 45.4% equity interest in its retail assets on Upper Fifth Avenue and Times Square, the sale of its 25% interest in 330 Madison Avenue and other asset sales, which was partially offset by a tax deduction from its former investment in Toys "R" Us. The special dividend is in addition to the current annual dividend of $2.64 a share. Including the special dividend, the implied dividend yield at current stock prices would be 6.93%. The yield on the SPDR Real Estate Select Sector ETF is 3.01% and the implied yield for the S&P 500 is 1.89%, according to FactSet.
NEW YORK, Dec. 18, 2019 -- VORNADO REALTY TRUST (NYSE: VNO) today announced that its Board of Trustees has declared a special dividend of $1.95 per share payable on January 15,.
(Bloomberg) -- New York City is waiting on Apple Inc.One year after the tech giant announced it would bring hundreds of jobs to New York, and on the heels of major Manhattan lease announcements by Facebook Inc. and Amazon.com Inc., the city’s real estate industry is wondering when the iPhone developer will make its move.“The absence is surprising,” Jim Underhill, chief executive officer of commercial-property firm Cresa.Apple, based in Cupertino, California, has a limited presence in New York beyond its popular retail stores. Facebook and Google, meanwhile, have become two of Manhattan’s biggest office tenants, a strong signal that technology companies are tapping into the educated workforce in a city long known as a media and finance stronghold. Even Amazon, which walked away from plans to build a new office hub in Queens early this year, recently signed a lease for 335,000 square feet near Hudson Yards.Apple is still hunting for office space in Manhattan, according to people with knowledge of the matter. The company is trying to figure out how much space it needs and could take more than 250,000 square feet, one of the people said.Apple was reported earlier this year to be in talks with Vornado Realty Trust for a lease at its James A. Farley Post Office Building, but Facebook may end up getting the prized space instead. The project is across Eighth Avenue from Pennsylvania Station, and just east of the buildings where Facebook and Amazon signed their new leases.As recently as two months ago, Apple looked at Essex Crossing, a Lower East Side development that will have 350,000 square feet of office space and more than 1,000 apartments, according to one of the people.Apple declined to comment on its real estate plans.In addition to its retail stores in New York, Apple has a small corporate office near Union Square where it has some marketing and software engineering staff and operates parts of Apple News.The company also keeps a large apartment in Tribeca for project demos and meetings with Apple developers. Occasional product launches have also been held in New York, such as the MacBook Air and iPad Pro updates in 2018.Last month, Apple announced it was starting construction on a $1 billion campus that will expand its presence in Austin, Texas. The company continues to grow at its Cupertino headquarters, home to executives, marketing teams and the majority of its software and hardware engineers. And it plans to add hundreds of jobs in cities across the U.S., including Seattle, San Diego, Pittsburgh and Boston.Then there’s New York, where the expectation is that Apple will eventually join other prominent technology companies with a major Manhattan lease.“It’s more a matter of when, not if,” said Danny Ismail, an office analyst at Green Street Advisors. “It takes a decent amount of work to bring these things to the finish line.”\--With assistance from Mark Gurman.To contact the reporter on this story: Natalie Wong in New York at email@example.comTo contact the editors responsible for this story: Craig Giammona at firstname.lastname@example.org, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Vornado (VNO) is the largest commercial landlord in New York City -- perhaps the best real estate location in the world, observes income investing expert John Freund, editor of The Bull Market Report.
As the calendar turns to 2020, investors need to appraise the stock markets in a new light. 2019 came and went with three interest-rate cuts - not the hikes many suspected at the start of the year - and the longest economic recovery of the postwar era continued. The market has subsequently shot to sky-high prices, setting up a 2020 in which value stocks should be ... well, valued.The S&P; 500 trades at more than 23 times its trailing 12-month earnings - a level seen only a few times in the market's history. The index also trades at a sky-high 19 times analysts' estimates for future earnings. That's sustainable as long as investors have enough reasons to be bullish. But several things - another breakdown in trade relations, the U.S. entering recession and more - could spark an exodus from expensive stocks.It's not all bad. The market's best value stocks - which often have defensive qualities, including paying significant amounts of dividend income - would likely thrive in a flight to quality.Here are 10 of the best value stocks to buy heading into 2020. It's a short list, to be sure, as 2019's rally has driven a wide swath of stocks into frothy territory. But each of these stock picks offers value and a favorable fundamental outlook heading into the new year. SEE ALSO: 20 Best Retirement Stocks to Buy in 2020
Urban Edge Properties recently acquired the 16-acre Wonderland Marketplace shopping center in Revere for $24.1 million, marking the first of what could be several “substantial” investments in Greater Boston for the New York-based real estate company. Urban Edge (NYSE: UE) spun out of Vornado Realty Trust (NYSE: VNO) in early 2015, and the majority of its 15.2 million-square-foot retail portfolio is located in the New York metropolitan area.
A fund affiliated with JBG Smith Properties (NYSE: JBGS) has sold a Crystal City hotel about a mile from where the Bethesda-based developer is working with Amazon.com Inc. (NASDAQ: AMZN) to build the first of HQ2's planned buildings, according to Arlington County land records.
Vornado Realty (VNO) boosts financial strength by securing refinancing loan worth $800 million for its Manhattan office and retail property.
Is Vornado Realty Trust (NYSE:VNO) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their […]
NEW YORK, Dec. 02, 2019 -- VORNADO REALTY TRUST (NYSE: VNO) announced today that its 20.1% owned joint venture has completed an $800 million refinancing of 650 Madison Avenue,.
NEW YORK, Nov. 19, 2019 -- VORNADO REALTY TRUST (NYSE: VNO) announced today that for the tenth consecutive year it has been awarded the National Association of Real Estate.
The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely considered as the best gauge of large-cap U.S. equities. Some of the largest companies in the index include Microsoft Corporation (MSFT), Apple Inc.
A New York-based commercial real estate firm has acquired the aging Skyline office complex in Baileys Crossroads for about $215 million with plans to revitalize the 1970s-era property Vornado Realty Trust (NYSE: VNO) relinquished ownership of nearly three years ago. Somera Road Inc. closed on the acquisition last week and plans a series of common area improvements and other campus upgrades to the Leesburg Pike property in the near term. Further out, the company plans to seek approval from Fairfax County to convert three office buildings in the center of the campus into multifamily.
The real-estate investment trust said net operating income at its properties in the city increased just 0.5% year-over-year on a comparable basis last quarter.