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Vornado’s Q1 FFO Rises, Beating View (VNO)

Posted: 5/7/2012 4:58:00 PM
Referenced Stocks: 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 DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .