The Dividend Winners and Losers From 5% Treasury Yields
When the 30-year Treasury topped 5%, two dividend stocks moved in completely opposite directions on the same day, and the reason has nothing to do with their yields.
Headquartered in New York, NY Fiscal year ends December NYSE: VNO vno.com
Vornado Realty Trust is a fully-integrated equity real estate investment trust (REIT) focused on owning, managing, and developing premier office and retail properties. The company's portfolio is concentrated in New York City, where it operates Class A office buildings and street-level retail properties across Manhattan, including prominent locations on Park Avenue, Fifth Avenue, Madison Avenue, Times Square, and the Penn District. Major tenants include Meta Platforms, Omnicom, New York University, Bloomberg, Madison Square Garden, Google/Motorola Mobility, Apple, Amazon, and numerous financial services and law firms. Vornado also owns and operates THE MART in Chicago, a 3.7 million square foot commercial building anchored by Motorola Mobility and Allscripts Healthcare, and 555 California Street, a trophy office complex in San Francisco tenanted by Bank of America, Dodge & Cox, Goldman Sachs, and other prominent firms. The company maintains interests in partially owned entities including Alexander's, Inc. (32.4% interest), numerous joint ventures spanning office, retail, residential, and media studio properties such as Sunset Pier 94 Studios, and holds a substantial development pipeline across approximately 4.8 million zoning square feet. Vornado trades on the New York Stock Exchange under the ticker VNO. Updated
When the 30-year Treasury topped 5%, two dividend stocks moved in completely opposite directions on the same day, and the reason has nothing to do with their yields.
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Monday's top analyst upgrades and downgrades included Emerson Electric, Estee Lauder, KeyCorp, Lam Research, New Relic, Palantir Technologies, PagSeguro Digital, Planet Fitness, ServiceNow, Snowflake, Truist Financial, Unity Software and Vornado Realty Trust.
Wednesday's top analyst upgrades and downgrades included Amgen, Canadian Pacific Kansas City, Carvana, Coinbase Global, Etsy, First Horizon, GE Healthcare Technologies, Gilead Sciences, Home Depot, Mosaic, Royal Caribbean Cruises, Vornado Realty Trust,…
Friday's top analyst upgrades and downgrades included Boston Scientific, Charles Schwab, eBay, Electronic Arts, FedEx, Meta Platforms, Norfolk Southern, Progressive, Roku, ServiceNow, Viking Therapeutics, Vornado Realty Trust and Wolfspeed.
Wednesday's top analyst upgrades and downgrades included Alphabet, Danaher, Emerson Electric, Foot Locker, GoDaddy, Harley-Davidson, Meta Platforms, New York Community Bancorp, Nvidia, Prologis, Rio Tinto, Simon Property and Vornado Realty Trust.
A premier real estate investment trust and a security software provider are on deck to report quarterly earnings after U.S. markets close on Monday.
Thursday's top analyst upgrades and downgrades included Baidu, Bank of New York Mellon, Charles Schwab, Corning, Livent, Merck, Meta Platforms, Microsoft, Nucor, Okta, Pfizer, Rivian Automotive, Snap, Target and Vornado Realty Trust.
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Vornado Realty Trust is a fully-integrated equity real estate investment trust (REIT) focused on owning, managing, and developing premier office and retail properties.
The Wall Street consensus 12-month price target for VNO is $39.38.