Alacra Pulse Banner

Vornado Realty Trust (VNO)

Search Street Pulse:

Latest Analyst Comments on Vornado Realty Trust (VNO)

U.S. REITs Poised to Boost Dividends After Raising $33 Billion (BusinessWeek.com - Investing) - Jan 15, 2010

Vornado Realty Trust (VNO) - James Sullivan at Green Street Advisors

Vornado Realty Trust said this week it would resume paying its dividend fully in cash after a year of issuing it partially in stock "I do see the strongest companies perhaps increasing their dividends," said James Sullivan, an analyst with Green Street Advisors, a Newport Beach, California based real estate research company "They're going to have to be very careful about forging forward too soon and forging too far paying out more than they really can afford to" Dividend payments are the biggest draw for REIT investors, said Chris Henderson, a senior analyst at SNL Financial in Charlottesville, Virginia

James Sullivan

James Sullivan
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

Vornado Realty Trust (VNO) - Jim Sullivan at Green Street Advisors

Vornado Realty Trust said this week it would resume paying its dividend fully in cash after a year of issuing it partially in stock "I do see the strongest companies perhaps increasing their dividends," said James Sullivan, an analyst with Green Street Advisors, a Newport Beach, California based real estate research company "They're going to have to be very careful about forging forward too soon and forging too far paying out more than they really can afford to" Dividend payments are the biggest draw for REIT investors, said Chris Henderson, a senior analyst at SNL Financial in Charlottesville, Virginia

Jim Sullivan

Jim Sullivan

Share:

General Growth Attractive, But Not An Easy Buy (PE Hub (News)) - Dec 09, 2009

Vornado Realty Trust (VNO) - Jim Sullivan at Green Street Advisors

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.

Jim Sullivan

Jim Sullivan

Share:

Vornado Realty Trust (VNO) - James Sullivan at Green Street Advisors

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.

James Sullivan

James Sullivan
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

General Growth attractive but not an easy buy (Reuters) - Dec 09, 2009

Vornado Realty Trust (VNO) - Jim Sullivan at Green Street Advisors

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.

Jim Sullivan

Jim Sullivan

Share:

Vornado Realty Trust (VNO) - James Sullivan at Green Street Advisors

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.

James Sullivan

James Sullivan
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

DEALTALK-General Growth attractive but not an easy buy (Reuters Private Equity) - Dec 09, 2009

Vornado Realty Trust (VNO) - Jim Sullivan at Green Street Advisors

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.

Jim Sullivan

Jim Sullivan

Share:

Vornado Realty Trust (VNO) - James Sullivan at Green Street Advisors

Companies such as Westfield Group ( WDC.AX ), Blackstone Group LP ( BX.N ), Vornado Realty Trust ( VNO.N ), Unibail Rodamco SA ( (UNBP.PA) ), CBL & Associates Properties Inc ( CBL.N ), Macerich Co ( MAC.N ) and Taubman Centers Inc ( TCO.N ) may want a piece of the action as well, according to Green Street Advisors Managing Director Jim Sullivan.

James Sullivan

James Sullivan
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

REITs: Equities Trading With Total Disconnect to Financials (Minyanville) - Dec 09, 2009

Vornado Realty Trust (VNO) - Minyanville

Let me use Vornado's ( VNO ) financial statements as an example. As of first quarter 2007, VNO's Gross Real Estate Assets were shown with a value of $14.8 billion. Through the third quarter of 2009, net purchases/sales of real estate added $1.6 billion, and as of the third quarter '09, Gross Real Estate Assets are shown with a value of $18 billion, suggesting increase in value of some $1.6 billion.

Share:

Vornado’s Land Sale Deal Nixed (Zacks - Analyst Blog) - Dec 08, 2009

Vornado Realty Trust (VNO) - Zacks Investment Research

Vornado Realty Trust ( VNO , Analyst Report ), one of the largest real estate investment trusts (REITs) in the U.S., has recently announced the termination of a deal to sell an 8.6 acre parcel of land in the Pentagon City area of Arlington, Virginia. With the termination of the deal, the purchaser has forfeited depository fees of $27 million. Consequently, Vornado will record a termination income of $27 million in the fourth quarter of 2009.

Share:

Keefe, Bruyette & Woods Initiates Coverage on Vornado Realty Trust (VNO) with ... (StreetInsider.com (subscription)) - Dec 01, 2009

Vornado Realty Trust (VNO) - Keefe, Bruyette & Woods

Keefe analyst says, "We are initiating coverage of Vornado Realty Trust (Vornado), the third largest U.S equity real estate investment trust (REIT), with a Market Perform rating and a 12 month price target of $66.

Share:

Keefe, Bruyette & Woods Initiates Coverage on Vornado Realty Trust (VNO) with a Market Perform (StreetInsider.com - New Coverage) - Dec 01, 2009

Vornado Realty Trust (VNO) - Keefe, Bruyette & Woods

Keefe analyst says, "We are initiating coverage of Vornado Realty Trust (Vornado), the third largest U.S equity real estate investment trust (REIT), with a Market Perform rating and a 12 month price target of $66.

Share:

Vornado Reports Strong Quarter (Zacks - Analyst Blog) - Nov 03, 2009

Vornado Realty Trust (VNO) - Zacks Investment Research

Vornado Realty Trust ( VNO , Analyst Report ) reported strong third quarter 2009 results with FFO (funds from operations) of $234.2 million or $1.25 per share, compared to $159.8 million or 97 cents per share in the year earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non cash expenses to net income. After adjusting items for comparability, FFO during the quarter was $1.18 per share, compared to $1.17 in the prior year quarter.

Share:

UPDATE 2-Vornado offers to buy back $2.01 bln of bonds (Reuters Mergers & Acquisitions) - Nov 02, 2009

Vornado Realty Trust (VNO) - Sandler O'Neill & Partners

Last month, Sandler O'Neill analyst Alexander Goldfarb, initiated coverage on Vornado and said the company would likely use its "war chest" of cash to buy back its bonds instead of using it for opportunistic investments.

Share:

SmartMoney's 2009 Power 30: Real Estate (Magazine Cover) (SmartMoney.com) - Oct 18, 2009

Vornado Realty Trust (VNO) - Michael Knott at Green Street Advisors

The son of a tailor (and first in his family to attend college,) Fascitelli, 53, took over the corner office from industry titan Steven Roth in May just as the recession's full impact was being felt in commercial real estate. As the longtime No. 2, Fascitelli became known for his prolific deal making in recent years and transformed Vornado from a modest shopping mall owner into a massive collector of office and retail properties. "They have bets all over the table," says Michael Knott, an analyst with Green Street Advisors. The REIT remains well leveraged, but Fascitelli says he is already eyeing the bargain bin.

Michael Knott

Michael Knott
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

Vornado’s Asset Sale (Zacks - Analyst Blog) - Sep 02, 2009

Vornado Realty Trust (VNO) - Zacks Investment Research

Vornado Realty Trust ( VNO , Analyst Report ), a leading real estate investment trust (REIT), recently announced the sale of an office property in the CBD of Washington DC. However, Vornado will continue to manage the property on behalf of the new owner. The property spanning 25,000 square feet of space was sold to an institutional investor for $207.8 million or $830 per square foot at a cap rate of 6.3%.

Share:

Vornado's Private Equity Fund: Non-Traditional, Smart Solution for Tough Times (US Market Commentary from Seeking Alpha) - Jul 09, 2009

Vornado Realty Trust (VNO) - Michael Kirby at Green Street Advisors

The article wonders why a publicly traded REIT like Vornado would choose to raise money from private investors rather than in the public market. To do the former, the article argues, "risks dismaying shareholders who hoped Vornado would use its investing expertise to do deals on its own balance sheet," and quotes Mike Kirby of Green Street Advisors as follows: Most smart observers feel like the cheapest capital for the next few years is going to be in the public market, not the private market. I guess the real question is: cheapest capital for whom? For companies themselves ie existing investors or for new investors?

Michael Kirby

Michael Kirby
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

Vornado's New Private Equity Fund (The Investor's Consigliere) - Jul 08, 2009

Vornado Realty Trust (VNO) - Michael Kirby at Green Street Advisors

The article wonders why a publicly traded REIT like Vornado would choose to raise money from private investors rather than in the public market. To do the former, the article argues, "risks dismaying shareholders who hoped Vornado would use its investing expertise to do deals on its own balance sheet," and quotes Mike Kirby of Green Street Advisors as follows: Most smart observers feel like the cheapest capital for the next few years is going to be in the public market, not the private market. I guess the real question is: cheapest capital for whom? For companies themselves ie existing investors or for new investors?

Michael Kirby

Michael Kirby
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

Vornado Considers Private Fund (Zacks - Analyst Blog) - Jul 08, 2009

Vornado Realty Trust (VNO) - Zacks Investment Research

Vornado contemplates floating own private equity fund According to a report published in the Wall Street Journal, Vornado Realty Trust ( VNO , Analyst Report ), a real estate investment trust (REIT), is considering plans to create its own private equity fund. The company intends to float the fund to acquire bargain basement properties, primarily in the markets where it already has a presence. Based in New York, Vornado acquires, owns, and leases office properties, retail space, and temperature controlled logistics and refrigerated warehouses.

Share:

Mad Money Spotlight: Cramer on Boston Properties (TheStreet.com - Latest Headlines) - Jun 09, 2009

Vornado Realty Trust (VNO) - Jim Cramer at The Street.com

The offering is expected to close . Recently, new fewer than 20 REITs of more than $500 million in value have issued secondary offerings, including Vornado Realty Trust , as companies look to use cash to pay down debt, strengthen their balance sheets and prepare for future acquisitions. But investors are not paying attention to these deals, believing the hysteria that commercial real estate will be the next big crisis. Jim Cramer, on Monday's show, said he isn't buying the pessimism. Of these 20 trusts, 10 are up 10% or more since they made the offering, while six are trending slightly lower.

Jim Cramer

Jim Cramer
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Share:

Analyst Comment Ticker

Key:

Sell-side
Blog
Credit
Industry

Copyright © 2010 Alacra, Inc., 100 Broadway, Suite 1100, New York, NY 10005. All rights reserved.

Reproduction in whole or in part in any form or medium without express written permission is prohibited.