Vornado Realty Trust (VNO) News
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VNO News Highlights
- VNO's 30 day story count now stands at 6.
- Over the past 6 days, the trend for VNO's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- PAY, DEC and PRE are the most mentioned tickers in articles about VNO.
Latest VNO News From Around the Web
Below are the latest news stories about VORNADO REALTY TRUST that investors may wish to consider to help them evaluate VNO as an investment opportunity.
Envista cut to Sell at Goldman Sachs, CRISPR to Underperform: 4 big analyst cutsHere is your Pro Recap of the biggest analyst cuts you may have missed today: downgrades at Envista, CRISPR Therapeutics, Super Micro Computer, and Vornado Realty Trust. Envista (NYSE:NVST) shares dropped more than 2% pre-market today after Goldman Sachs downgraded the company to Sell from Neutral with a price target of $22.00. |
Vornado’s Debt Rating Downgraded to Junk Category by Moody’sVornado Realty Trust (VNO)’s debt and preferred stock ratings plunged into junk territory after a downgrade from Moody’s this week. Vornado’s earnings have fallen in proportion to its fixed charges, reaching a coverage ratio of 2.3 at the end of the third quarter of 2023, according to Moody’s. The new Ba1 rating indicates Vornado’s debt obligations pose “substantial credit risk,” and Moody’s predicted its coverage ratio will remain weak for the next one to two years. |
Vornado (VNO) Cuts Dividend by 20%, to Pay One Dividend in 2024Vornado (VNO) cuts its fourth-quarter dividend by 20% to 30 cents per common share, to focus on maintaining its retained cashflows and balance sheet strength. It expects to pay a single dividend in 2024. |
Moody’s downgrades Vornado’s debt rating to junkVornado’s Steven Roth with the Farley Building (Getty, Vornado Realty)Vornado Realty has been hit with a rating downgrade. Moody’s downgraded Vornado’s debt rating from investment grade to junk over the firm’s ability to make debt payments over the next two years, on Monday. Moody’s pointed to Vornado’s fixed charge coverage ratio, or its ability to pay debt costs, declining to […] |
Vornado Declares Common Dividend of $.30 Per ShareNEW 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 December 27, 2023 to shareholders of record on December 15, 2023. Together with the $.375 per share common dividend already paid in the first quarter of 2023, this results in an aggregate 2023 common dividend of $.675 per common share. Vornado anticipates that its common share dividend policy for 2 |
SL Green (SLG) Strikes Leases, Boosts Manhattan's Office MarketWith these recent leasing activities, SL Green Realty (SLG) continues to demonstrate its prowess in securing high-profile tenants and revitalizing prime office spaces. |
SL Green and Vornado Announce 270,000-Square-Foot Lease with a Premier Financial Services Tenant at 280 Park AvenueNEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), and Vornado Realty Trust (NYSE: VNO) today announced that they have signed a 15-year renewal and expansion lease with a premier financial services tenant covering 269,905 square feet on six floors at 280 Park Avenue. Spanning the entire block front of Park Avenue between 48th and 49th Streets, 280 Park Avenue is a best-in-class 1.25 million-square-foot Midtown Manhattan office building owned in joint venture between S |
Why Is Host Hotels (HST) Up 7.2% Since Last Earnings Report?Host Hotels (HST) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. |
Vornado (VNO) Surges 61% in 6 Months: Will the Trend Last?Despite a choppy macroeconomic scenario, Vornado's (VNO) ability to offer top-class office assets in key markets is likely to drive its performance. Portfolio-repositioning efforts are encouraging. |
Vornado (VNO) Up 21.1% Since Last Earnings Report: Can It Continue?Vornado (VNO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. |