Previous Close | 27.48 |
Open | 27.90 |
Bid | 27.94 x 800 |
Ask | 29.00 x 1300 |
Day's Range | 27.90 - 28.81 |
52 Week Range | 12.31 - 32.21 |
Volume | |
Avg. Volume | 2,303,750 |
Market Cap | 5.965B |
Beta (5Y Monthly) | 1.54 |
PE Ratio (TTM) | 125.09 |
EPS (TTM) | 0.23 |
Earnings Date | May 06, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Dec 14, 2023 |
1y Target Est | 24.83 |
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Vornado Realty (VNO) is well-poised to gain from its high-quality assets. However, the overall choppy office real estate landscape and high interest rates are woes.
Commercial real estate is in dire straits. Skeptics don’t have to look further than “The Monthly Dividend Company,” Realty Income (NYSE:O), a perennial favorite among income and REIT investors for proof. Shares in the top commercial real estate stock are down more than 11% since Jan. 1st with limited upside in sight. The reasons run the gamut you’re no doubt familiar with — higher rates, work-from-home permanency, sluggish consumer sentiment and more. But Realty Income isn’t the only commercial
The Trump Organization owns 30% of two office buildings, in partnership with Vornado Realty Trust, and could possibly free up more than $300 million.