Office properties REIT Vornado Realty Trust (
) late Monday posted first quarter earnings results that beat
The New York-based company reported first quarter FFO, or funds
from operators, of $1.81 per share. On average, Wall Street
analysts expected a smaller FFO of $1.77 per share.
Vornado shares closed up $1.26, or +1.5%, in Monday trading.
The Bottom Line
Shares of Vornado Realty Trust (
) have a 3.15% dividend yield, based on today's closing stock price
of $87.54. The stock has technical support in the $80 price area.
If the shares can firm up, we see overhead resistance around the
$90-$91 price levels.
Vornado Realty Trust (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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