Vornado Realty Trust VNO.L:NYSE Set Alert Options Streaming Charts Last Price $21.35 NYSE Closing Price as of 4:10PM ET 4/21/22
Full Answer
How much is Vornado refinancing 555 California Street?
Vornado's (VNO) $1.2-billion refinancing of 555 California Street results in net proceeds of nearly $454 million for the company's 70% stake in the partnership for the ownership of the campus.
Is remote work a REIT?
In fact, there's concern among office real estate investment trust (REIT) investors that remote work will evolve to become less of a trend and more so a long-term fixture. If that happens, leasing activity will continue to drop and office REIT values will continue to follow suit. Such may be a fear among investors in Vornado Realty Trust (NYSE: VNO), a REIT that, as of the end of 2020, derived 85% of its net operating income from New York City properties, 68% of which consist of office buildings.
Vornado Realty Trust (NYSE:VNO) Price Target and Consensus Rating
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy).
Vornado Realty Trust (NYSE:VNO) Consensus Price Target History
The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target.