(Top Pick Jul 02/15, Up 11.61%) He switched to names like Boston Properties. It is a good core holding, but he prefers other names in his global fund.
Very high quality office portfolio. They have properties in California and New York, which is an undersupplied market. You are going to see the combination of rent growth and occupancy growth really contributing to the dividend increasing over time. They have a very strong balance sheet. Dividend yield of 2.62%.
Vornado Realty Trust is a American stock, trading under the symbol VNO-N on the New York Stock Exchange (VNO). It is usually referred to as NYSE:VNO or VNO-N
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Vornado Realty Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Vornado Realty Trust.
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In the last year, there was no coverage of Vornado Realty Trust published on Stockchase.
On 2024-10-03, Vornado Realty Trust (VNO-N) stock closed at a price of $39.42.
Office REITs haven't recovered from Covid as workers resist returning to the office and rising interest rates are eating into revenues. 18% of their portfolio is retail, but it's mostly office space. Is down 33% YTD. Yesterday, it suffered one downgrade to sell, but also one upgrade. Its properties are good, and shares have been oversold.