Vornado’s Q1 FFO Rises, Beating View (VNO)
Office properties REIT Vornado Realty Trust ( VNO ) late Monday posted first quarter earnings results that beat analysts' forecast.
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 ( VNO ) 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 ( VNO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.