|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||29.72 - 30.58|
|52 Week Range||27.35 - 47.26|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 02, 2022 - May 06, 2022|
|Forward Dividend & Yield||2.12 (6.98%)|
|Ex-Dividend Date||Aug 05, 2022|
|1y Target Est||32.50|
Vornado (VNO) is poised to gain from its high-quality assets and an improving U.S. office market. However, stiff competition from developers, owners and operators of office properties is a concern.
The U.S. inflation rate has surged to levels not seen since the early 1980s. This has had profound ramifications for investors. Sectors such as technology have slumped as folks demand profits and cash flow today rather than growth in the future. Meanwhile, out of favor industries such as energy and natural resources have roared back to life. Real estate investment trusts (or REITs) should find themselves among the winners in this transition. A large part of this is because of how REITs operate.
EQX, CCCS, and VNO have been added to the Zacks Rank #5 (Strong Sell) List on August 5, 2022.