Van ECK Associates Corp Decreases Stake in Vornado Realty Trust by 4.0% in Q1
August 13, 2023
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Vornado Realty Trust ($NYSE:VNO) is a leading real estate investment trust that owns, manages, and develops office, retail, and residential properties in major markets in the United States. It is involved in a variety of real estate activities, including leasing space to tenants, constructing buildings, buying and selling property, and providing mortgage financing. The company’s portfolio includes office buildings, shopping centers, supermarkets, hotels, apartment buildings, and industrial and commercial properties.
Van ECK Associates Corp recently decreased its stake in Vornado Realty Trust’s shares by 4.0% during the first quarter, as revealed in its most recent filing with the SEC. This reduction was part of Van ECK Associates’ strategy to diversify its portfolio and minimize its exposure to a single issuer.
Analysis
We looked at a variety of financial and business aspects and determined that it is a safe investment. However, we did detect one risk warning in the balance sheet, so it’s important to keep that in mind if you’re considering investing in VORNADO REALTY TRUST. If you’d like to learn more about the risk warning and what it might mean for your potential investment, please register on GoodWhale.com to check it out. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VNO. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | -433.96 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VNO. More…
| Operations | Investing | Financing |
| 743.06 | -38.63 | -508.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VNO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.44k | 9.96k | 23.89 |
Key Ratios Snapshot
Some of the financial key ratios for VNO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 17.1% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
Vornado owns and operates office, retail, and hotel properties in the United States. The company was founded in 1959 and became a public company in 1971. As of December 31, 2019, Vornado owned and operated 97 million square feet of real estate. The company’s portfolio is focused on high-density urban markets in New York City, Washington, DC, and San Francisco. Vornado’s primary competitors are KBS Real Estate Investment Trust III Inc, Boston Properties Inc, and Broadstone Net Lease Inc. These companies are all based in the United States and are focused on office, retail, and hotel properties.
– KBS Real Estate Investment Trust III Inc ($OTCPK:KBSR)
KBS Real Estate Investment Trust III Inc is a real estate investment trust that owns and operates a portfolio of properties in the United States. The company’s portfolio includes office, retail, industrial, and hotel properties. KBS Real Estate Investment Trust III Inc is headquartered in Newport Beach, California.
– Boston Properties Inc ($NYSE:BXP)
Boston Properties Inc is a real estate investment trust that owns, manages, and develops properties in the United States. As of December 31, 2020, it owned or had an interest in 171 properties, totaling approximately 51.4 million square feet. The company was founded in 1970 and is headquartered in Boston, Massachusetts.
– Broadstone Net Lease Inc ($NYSE:BNL)
The company’s market cap is 2.79B as of 2022. The company focuses on providing net lease financing solutions to tenants and landlords in the United States.
Summary
Vornado Realty Trust is a real estate investment trust (REIT) that specializes in owning, managing, and developing commercial properties. Recently, Van Eck Associates Corp decreased its position in Vornado Realty Trust by 4.0% during the first quarter. Despite this, the stock price moved up the same day.
This could be taken as an indication of positive investor sentiment towards Vornado Realty Trust. Analysts suggest that investors should keep a close eye on the company’s financial performance, future growth initiatives, and dividend payout policies to make informed investment decisions.
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