|Bid||24.98 x 800|
|Ask||26.55 x 800|
|Day's Range||26.44 - 26.57|
|52 Week Range||19.50 - 26.72|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||1.76|
|Forward Dividend & Yield||1.31 (4.92%)|
|1y Target Est||N/A|
Historically, bull markets in stocks and real estate bubbles, especially in commercial property, go hand in hand. The same irrational exuberance that persuades mediocre stock investors that everything they touch turns to gold also infects developers who leverage themselves to the hilt with cheap money near the peak of a cycle. In the past, the completion of record-high skyscrapers has been the proverbial bell that rings at the top of the market.
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
Altus Realty has acquired the Park Place office building next to Dark Star Park in Rosslyn, the District-based firm's third buy in 16 months. The $66.5 million acquisition, from an affiliate of Tishman Speyer, closed Friday. The property at 1655 Fort Myer Drive is assessed at about $44 million.The purchase follows the firm's $128.8 million acquisition of International Place, also in Rosslyn, and the former Ibiza nightclub site in NoMa for $10.5 million for conversion into a citizenM Hotel.
Vornado Realty Trust (NYSE: VNO) has sold 3040 M St. NW, one of the last local properties it withheld from the spin-merge into JBG Smith Properties (NYSE: JBGS), to an affiliate of Lincoln Property Co. The 44,000-square-foot building, which is anchored by a Nike store, traded for a total consideration amount of for $83.9 million, or about $1,907 per square foot, according to a deed recorded with the District on Thursday. A representative for Vornado could not be immediately reached for comment. A spokeswoman for Lincoln confirmed the sale and added Lincoln acquired the property in partnership with Cara Real Estate, an affiliate of Frankfort, Germany-based Cara Investment.
Investors are spooked by concerns that the Manhattan market will become overwhelmed by supply additions coming from the Hudson Yards megaproject, Midtown Manhattan, and Lower Manhattan. Indeed, Hudson Yards represents one of the largest development projects in the United States and is scheduled to add more than 10 million square feet of mostly Class A office space to the Manhattan market once completed.
Vornado Realty Trust NYSE:VNOView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for VNO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding VNO are favorable, with net inflows of $8.70 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. VNO credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Philip Green's fashion empire Arcadia Group said on Tuesday it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs). Arcadia said the challenges to the CVAs, which were approved in June by the majority of creditors, were "without merit" and it would defend itself against them.
Green bonds have grown in popularity in line with a surge in globally-minded investors, but a lack of liquidity and moderate returns require consideration.
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
Abu Dhabi Investment Authority (ADIA) said on Wednesday it had bought a 25% stake in 330 Madison Avenue from Vornado Realty Trust, gaining full ownership of the office block close to New York's Grand Central Station. ADIA, which the Sovereign Wealth Fund Institute estimates manages nearly $700 billion in assets, has between 5% to 10% of its portfolio in real estate. The stake was bought by a subsidiary of ADIA, a spokesman of ADIA told Reuters, adding ADIA already owned 75% of the property for 30 years.
NEW YORK (AP) _ Vornado Realty Trust (VNO) on Monday reported a key measure of profitability in its first quarter. The results fell short of Wall Street expectations. The real estate investment trust, based in New York, said it had funds from operations of $149.9 million, or 79 cents per share, in the period.
NEW YORK/DUBAI (Reuters) - Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions said on Friday they were the unnamed investors in a deal with Vornado Realty Trust valued at $5.56 billion that involves a portfolio of prime New York retail properties. Vornado sold a non-controlling stake in its portfolio of properties along Fifth Avenue and Broadway in Times Square in a transaction that provided the firm cash proceeds of about $1.2 billion, the firm said on Thursday. Neither QIA, Qatar's sovereign wealth fund, or Crown Acquisitions were named on Thursday as the investors who contributed $1.31 billion in cash in a newly created joint venture with Vornado.