Vornado Realty Trust (VNO)

NYSE: VNO · IEX Real-Time Price · USD
26.30
+1.29 (5.16%)
Feb 29, 2024, 4:00 PM EST - Market closed
5.16%
Market Cap 5.19B
Revenue (ttm) 1.81B
Net Income (ttm) 43.38M
Shares Out 207.32M
EPS (ttm) 0.23
PE Ratio 113.57
Forward PE n/a
Dividend $1.20 (4.56%)
Ex-Dividend Date Dec 14, 2023
Volume 1,953,181
Open 25.51
Previous Close 25.01
Day's Range 25.39 - 26.71
52-Week Range 12.31 - 32.21
Beta 1.56
Analysts Sell
Price Target 23.00 (-12.55%)
Earnings Date Feb 12, 2024

About VNO

Vornado is a fully integrated real estate investment trust ("REIT") with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum. [Read more]

Industry REIT - Office
Sector Real Estate
CEO Steven Roth
Employees 2,935
Stock Exchange NYSE
Ticker Symbol VNO
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for VNO stock is "Sell." The 12-month stock price forecast is $23.0, which is a decrease of -12.55% from the latest price.

Price Target
$23.0
(-12.55% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Vornado Realty Trust Announces Famed Avra Group Will Open a New 20,000 SF Restaurant in THE PENN DISTRICT

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THE PENN DISTRICT, one of the most desir...

9 days ago - GlobeNewsWire

Vornado Announces Fourth Quarter 2023 Financial Results

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended December 31, 2023 Financial Results NET LOSS attributable to common shareholders for the quar...

17 days ago - GlobeNewsWire

G Squared's Victoria Green ranks Vornado Realty a sell, here's why

Victoria Green, G Squared Private Wealth CIO, joins 'The Exchange' to discuss how to trade Marriott, Vornado Realty Trust, and WM.

17 days ago - CNBC Television

Vornado Declares Quarterly Dividends On Preferred Shares

NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:

21 days ago - GlobeNewsWire

Vornado Announces Fourth Quarter Earnings Release Date, Conference Call Information and Anticipated Preferred Share Dividend Declaration Date

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2023 with the U.S. Securiti...

6 weeks ago - GlobeNewsWire

Vornado Realty Trust Names Cushman & Wakefield to Launch Leasing Program at Reinvented PENN 2 Office Tower in the Heart of Vornado's PENN DISTRICT Campus

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) today named Cushman & Wakefield as the exclusive leasing agent of PENN 2, its 1.8 million square-foot PENN DISTRICT office t...

7 weeks ago - GlobeNewsWire

Banks may continue to pull back from commercial real estate in 2024, says Northwind's Ran Eliasaf

Ran Eliasaf, Northwind Group founder and managing partner, joins 'The Exchange' to discuss the state of commercial real estate, the industry's outlook for 2024, and more.

Other symbols: BXPESRTSLG
2 months ago - CNBC Television

Vornado Declares Common Dividend of $.30 Per Share

NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a dividend of $.30 per common share. The dividend will be payable on...

3 months ago - GlobeNewsWire

REITs are cheap: 3 SWAN stocks I'm buying: SLG, VNO, SPG

Real Estate Investment Trusts (REITs) have been unloved, unwanted, and forgotten in 2023 amid a prolonged period of high-interest rates. Office property values in key American cities have dropped whil...

Other symbols: SLGSPG
3 months ago - Invezz

Bond market reflects jitters about wall of maturing office REIT debt

U.S. bonds have been reflecting growing unease about a wall of debt coming due for select owners of office buildings.

Other symbols: AREBXPHPPKRC
3 months ago - Market Watch

Vornado Announces Third Quarter 2023 Financial Results

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended September 30, 2023 Financial Results NET INCOME attributable to common shareholders for the q...

4 months ago - GlobeNewsWire

Vornado Announces Third Quarter Earnings Release Date and Conference Call Information

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 with the U.S. S...

4 months ago - GlobeNewsWire

Vornado reels in Blue Ribbon for Penn 1 mega-project in former dining wasteland

Market watchers attribute much of the success to food options that would have been unthinkable there just a few years ago.

4 months ago - New York Post

13 Unloved Stocks—and Why Wall Street Isn't Head Over Heels

Barron's looked for Russell 1000 companies that didn't have a single Buy recommendation.

Other symbols: AMCBENBHFCBSHDXCFHBHRL
5 months ago - Barrons

Vornado Names Jason Kirschner Executive Vice President – Head of Capital Markets

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced the appointment of Jason Kirschner, 47, as the Company's Executive Vice President – Head of Capital Markets. Mr. K...

5 months ago - GlobeNewsWire

Best office REIT stocks to buy as a golden cross forms

Office Real Estate Investment Trust (REIT) companies are facing numerous challenges this year. Interest rates have jumped to a 22-year high, lowering their appeal among income investors.

Other symbols: BXPKRC
6 months ago - Invezz

Vornado, Hudson Pacific and Blackstone to build $350M TV and film production studio on Manhattan's Pier 94

Vornado Realty Trust VNO, +5.54%, Hudson Pacific Properties HPP, +5.19% and Blackstone Inc. BX, +1.22% said Tuesday they plan to spend $350 million to build a TV and film production studio on Manhatta...

Other symbols: BXHPP
6 months ago - Market Watch

Vornado Realty Trust, Hudson Pacific, Blackstone, and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--Today, Vornado Realty Trust (NYSE: VNO), Hudson Pacific Properties (NYSE: HPP), Blackstone (NYSE: BX), the City of New York, and New York City Economic Develop...

Other symbols: BXHPP
6 months ago - Business Wire

5 Best Office REITs to Buy Now

Real estate investing isn't only for millionaires — retail investors can get a shot at investing in major commercial real estate endeavors by investing in REITs. Specialty REITs help investors refine ...

Other symbols: BXPHPPAREONL
7 months ago - MarketBeat

Vornado Announces Second Quarter 2023 Financial Results

NEW YORK, July 31, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended June 30, 2023 Financial Results NET INCOME attributable to common shareholders for the quarte...

7 months ago - GlobeNewsWire

Vornado to Sell Four Manhattan Retail Properties and The Armory Show for $124.4 Million

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has entered into an agreement to sell four Manhattan retail properties located at 510 Fifth Avenue, ...

7 months ago - GlobeNewsWire

Vornado Announces Second Quarter Earnings Release Date and Conference Call Information

NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2023 with the U.S. Securi...

8 months ago - GlobeNewsWire

Are Dividend-Paying Office REITs Finally Staging A Comeback?

If you haven't exactly been monitoring the performance of office-building investments, that's understandable. With offices sitting empty as employees prefer to work from home, the biggest real estate ...

Other symbols: AREBXPKRC
8 months ago - MarketBeat

Hayman Capital's Kyle Bass: Taking debt out of the equation is key to a value play in real estate

Kyle Bass, Hayman Capital management founder and CIO, joins 'The Exchange' to discuss repurposing office spaces, instability in Russia, and straining US-China relations.

Other symbols: BXPSLG
8 months ago - CNBC Television

Life Time's New York City Expansion Continues with Iconic Indoor Pickleball and Athletic Club Destination in the PENN DISTRICT

Waitlist available for 53,000-square-foot, three-floor Life Time located at Vornado Realty Trust's redeveloped PENN 1 NEW YORK , June 20, 2023 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premi...

Other symbols: LTH
9 months ago - PRNewsWire