
Current Price | $13.43 | Mkt Cap | $2.6B |
---|---|---|---|
Open | $13.53 | P/E Ratio | -6.04 |
Prev. Close | $13.56 | Div. (Yield) | $1.44 (10.6%) |
Daily Range | $12.94 - $13.57 | Volume | 644,491 |
52-Wk Range | $12.31 - $34.11 | Avg. Daily Vol. | 4,469,087 |
A fully integrated real estate investment trust that owns and operates office, retail and showroom properties with large concentrations of office and retail properties in the New York City metropolitan area and in the Washington, DC and Northern Virginia.
Current Price | $13.43 | Mkt Cap | $2.6B |
---|---|---|---|
Open | $13.53 | P/E Ratio | -6.04 |
Prev. Close | $13.56 | Div. (Yield) | $1.44 (10.6%) |
Daily Range | $12.94 - $13.57 | Volume | 644,491 |
52-Wk Range | $12.31 - $34.11 | Avg. Daily Vol. | 4,469,087 |
The best Bull and Bear pitches based on recency and number of recommendations.
Great properties and location, location, location!
I said short them at 70 last year they went to the 20'sI reco shorting them now. Just take a look at Tishman Speyer and their imminent default of a 6 billion dollar deal.Incredible Cash burn.VNO was just paying divis in stock..dilutingManhattan real… More
Read the most recent pitches from players about VNO.
Recs
New York will recover. VNO real estate is some of the most valuable in the world.
Recs
US-based REIT that owns approximately 24 million square feet of office, street retail, and multi-family space in New York City (“NYC”)—as well as nearly 5 million square feet of marquee properties through its ownership of the Merchandise Mart in Chicago and 555 California in San Francisco.
The portfolio is approximately 97% leased, generates nearly $1.0 billion of cash flow annually, with approximately 50% of the NYC value located in the Penn Station sub-market after a multi-year effort to divest non-core assets and spin-off its strip center and Washington, D.C. office platforms into separately-listed businesses (i.e., Urban Edge and JBG Smith Properties, respectively).
It is going to be a big winner from the migration of office tenants to
the west side of Manhattan.
Approximately 25 million square feet of commercial and residential space has been added to this area in recent years through the build out of Hudson Yards and Manhattan West. Further, the success of these projects has shifted the center of gravity in Manhattan, placing the Penn Station sub-market as a critical hub for decades to come—something that will be solidified further if NYC follows through with its announced plans of adding 8 tracks
to Penn Station increasing capacity by another 40%.
Key Holdings in the Penn Station area: Penn One, Penn Two, the Farley Post Office.
Other holdings within the area: Hotel Penn (a 3-star hotel in a 5-star location) that is adjacent to Penn Station and approved for more than 2 million square feet of office development should the right tenant materialize.
Recs
Good for dividend, but this REIT mostly trends sideways. Even though, as a New York City real estate pure play, it probably does have the potential to grow, I think rising interest rates will keep Vornado's stock price down. Underperform for now.
Find the members with the highest scoring picks in VNO.
epc53 (27.10) Score: +553.16
The Score Leader is the player with the highest score across all their picks in VNO.
Top Pick |
Member Name |
Member Rating |
Start Date |
Call |
Time Frame |
Start Price |
Stock Gain |
Index Gain |
Score | Commentary |
---|---|---|---|---|---|---|---|---|---|---|
epc53 | 27.10 | 3/9/2009 |
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NS | $15.99 | -17.00% | +517.46% | +534.46 | 0 Comment | |
jester112358 | 27.00 | 3/5/2009 |
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3M | $15.87 | -16.33% | +517.82% | +534.15 | 0 Comment | |
jesusfreakinco | 27.06 |
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5Y | $17.79 | -25.36% | +486.70% | +512.06 | 0 Comment | |
EcklandCapital | 25.56 | 11/21/2008 |
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NS | $21.79 | -39.08% | +463.53% | +502.61 | 0 Comment | |
outoffocus | 24.81 | 2/25/2009 |
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NS | $20.77 | -36.10% | +451.49% | +487.59 | 0 Comment | |
clhornsby | < 20 | 3/17/2009 |
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3Y | $19.63 | -32.37% | +451.98% | +484.34 | 0 Comment | |
GavshireHathaway | 26.99 | 11/20/2008 |
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5Y | $26.39 | -49.70% | +434.54% | +484.24 | 0 Comment | |
TMcNasty | 79.92 | 11/20/2008 |
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1Y | $24.68 | -46.21% | +435.28% | +481.49 | 0 Comment | |
srk85 | < 20 | 2/19/2009 |
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3Y | $22.14 | -40.05% | +433.36% | +473.41 | 1 Comment | |
zoperz | 39.43 | 1/22/2009 |
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3M | $27.35 | -51.47% | +418.23% | +469.69 | 0 Comment |
See what the Wall Street professionals think, according to their public statements and filings.