Previous close | 45.03 |
Open | 45.32 |
Bid | 0.00 x 800 |
Ask | 0.00 x 1000 |
Day's range | 43.68 - 45.82 |
52-week range | 27.64 - 52.53 |
Volume | 2,194,889 |
Avg. volume | 2,538,620 |
Market cap | 8.508B |
Beta (5Y monthly) | 1.41 |
PE ratio (TTM) | N/A |
EPS (TTM) | -1.83 |
Earnings date | 03 May 2021 |
Forward dividend & yield | 2.12 (4.71%) |
Ex-dividend date | 29 Jan 2021 |
1y target est | 40.82 |
Vornado (VNO) refinanced a previous $300-million LIBOR plus 1.75% loan with a $525-million LIBOR plus 1.107% one, receiving net proceeds of nearly $105 million.
Fed sounds CRE alarm, Texas biz climate takes a beating, a look ahead for Vornado, a loss for Marriott, and an extension for opportunity zone tax breaks. A new Federal Reserve report says that CRE prices "appear susceptible to sharp declines" from historically high levels, especially if distressed sales pick up or if the pandemic leads to longer-term declines in demand. This Bloomberg report evokes memories of the "irrational exuberance" then-Fed Chair Alan Greenspan warned of a quarter-century ago.
Vornado Realty Trust (NYSE: VNO) has undergone many changes over the years. The diversified real estate investment trust (REIT) has reduced its retail sector presence by selling its stakes in retail REITs PREIT (NYSE: PEI) and Urban Edge Properties (NYSE: UE). It also exited the Washington, D.C., market by spinning off and merging those properties with JBG SMITH Properties (NYSE: JBGS).