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2023-05-01 15:45:48 ET Summary ONL is an office REIT situated in 10 different states in the US. Quarter of their leases are going to expire in 2024 making 1.5-1.9 million square feet vacant. They have $175 million of debt due this year which might be difficult to refinance. ...
2023-05-01 08:23:58 ET Summary Vornado recently suspended its dividend after paying a consistently high dividend for 30 years. 28 office REIT dividends were evaluated for safety based on yield, coverage ratios, and price/book value. I recommend investors who own office REITs r...
2023-05-01 03:48:08 ET Storm clouds are brewing for the U.S. commercial property market, according to Berkshire Hathaway ( NYSE: BRK.A ) ( NYSE: BRK.B ) Vice Chairman Charlie Munger, who warned of a potential crash amid trouble in the U.S. financial system. "It's not nea...
2023-04-30 09:00:00 ET Summary U.S. equity markets extended their rebound this week as a strong slate of earnings reports clashed with renewed concerns over financial instability and economic data that provided fodder for both bulls and bears. Closing at its highest levels since e...
2023-04-28 03:30:09 ET Summary The resurgence of FRC fears may cause the Fed to think twice at their meeting next week – as to how hawkish they want to be. Updates on Alibaba and Vornado. Earning beats, major data inputs ahead of the next Fed meeting, and more. ...
2023-04-27 12:08:40 ET Summary The malaise in office space has been on the front pages for at least a year. Vornado Realty had two dividend cuts since the pandemic and then suspended it all together on April 26, 2023. The exodus of investors will keep VNO's common shares under...
2023-04-27 09:33:00 ET Vornado Realty Trust ( NYSE: VNO ) shares sank 7% in Thursday premarket trading after the office REIT delayed its dividend and authorized up to $200M in share repurchases, in a move that prompted Piper Sandler to downgrade VNO to Underweight from Neutr...
2023-04-27 09:00:00 ET Summary The Dividend Harvesting Portfolio is now generating $926.85 in annual dividends, yielding 8.28%. The Dividend Harvesting portfolio has a 66.96% record of finishing the week in the black since its inception, 75/112 weeks. In week 112, I added to S...
2023-04-27 08:33:26 ET Baudax Bio ( BXRX ) -55% on pricing $4M stock offering at $1.15/share. Impinj ( PI ) -28% after Q1 earning release . Wolfspeed ( WOLF ) -16% as delays from Mohawk Valley facility hurts guidance. Mobileye Global ( MBL...
2023-04-26 19:03:43 ET Vornado Realty Trust ( NYSE: VNO ) said Wednesday it will postpone dividends on its common shares until the end of 2023. Shares -9.5% at $13.52 after hours. The company said upon finalization of its 2023 taxable income, including the im...
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The newly completed Plaza33 is a pedestrian park filled with greenery, seating and lined with authentic New York restaurants, all atop New York’s most accessible transit hub See photos of the new plaza at www.vno.com/plaza33 NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) --...
2024-06-12 10:00:08 ET John Kim from BMO Capital issued a price target of $29.00 for VNO on 2024-06-12 07:51:00. The adjusted price target was set to $29.00. At the time of the announcement, VNO was trading at $23.76. The overall price target consensus is at $31.20 with ...
2024-06-12 09:30:04 ET BMO Capital analyst issues MARKET PERFORM recommendation for VNO on June 12, 2024 07:51AM ET. The previous analyst recommendation was Market Perform. VNO was trading at $23.76 at issue of the analyst recommendation. The overall analyst consensus : ...