Vornado Realty Trust (VNO)

35.55
NYSE
Prev Close 35.22
Day Low/High 34.55 / 35.57
52 Wk Low/High 27.64 / 68.67
Exchange NYSE
Shares Outstanding 191.15B
Market Cap 6.73B
P/E Ratio 2.34
Div & Yield N.A. (N.A)

Latest News

Why the Markets Could Be Vulnerable

* Fundamental concerns and weakening technical signs might be converging now In the last few weeks and days I have eliminated all my equity investments in my personal pension plan, I have personally shorted S&P futures (at 3202 Monday night), I have...

A Midday Market Review

With the exception of a short and an elimination of my holdings - I have done little this morning. * Breadth is still a strong 3.5:1. * Ss (S&P) over Ns (Nasdaq), again, and despite strong gains in Tesla and Amazon . * Bonds are quiet. (I covered my...

Kass: 1968 Redux?

Kass: 1968 Redux?

Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.

2020 Is Looking a Lot Like 1968, Without the Good Music

We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...

My Tactical Approach and Current Positioning

* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...

Yesterday Came Suddenly

* I don't yearn or expect another yesterday, today. * Let it be... "Yesterday All my troubles seemed so far away Now it looks as though they're here to stay Oh, I believe in yesterday Suddenly I'm not half the man I used to be There's a shadow hangi...

This Market Tests The Trader and Investor

To succeed in this market requires a bold and unemotional process, a sense of "fair market value," a contrarian flare and nerves of steel. I reduced my long exposure today on an extraordinary, but not unexpected, gap higher in the averages. As I wro...

It's Time to Begin Reducing Longs

* The top end of my trading range (2950) has been reached this morning * I have moved down to between small to medium-sized net long With the S&P spot (cash) market now at the top end of my trading range (2950), I have to stick to my discipline and ...

Playing Bullishly... For Now

* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...

My Day

I slightly increased my net long exposure today - with new investment/trades in Boeing and Vornado   , as well as some add-ons to existing long positions. Breadth deteriorating a bit late in the day (1600/1350). Smails said I can leave early. Thanks...

VNO Position

Repurchased a small position in Vornado at $33.93, a leader owner of high-end non residential real estate. Given a paradigm shift away from the office, this is a speculative buy.

Time to Revisit Hilton?

I am again considering my former speculative basket of Hilton Hyatt and Vornado -- that I previously profited from in a short-term trading rental. The next leg lower I will be a buyer.

Waiting to Reestablish These Longs

, , and - all recent sales - are very close to or are under my buy levels this morning. I have not yet reestablished these longs - and will await some market stabilization. However, I have increased my holdings.

Managing Risk

My large put position has a lot of gamma - so as stocks decline, I get shorter. I plan to buy back a number of stocks that I sold out (e.g., , , , etc.) into a further drop in order to maintain close to a market neutral exposure.

VNO Not

First bad sale from yesterday - Vornado . I suspect there will be more bad sales if the market continues to rebound.

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

A Day to Stay Disciplined, Focused and Unemotional

* I reduced my net long exposure today from large to medium-sized * I based my move on the large (+19%) and abrupt 10-day market advance from the lows that has taken the S&P close to its "fair market value" and that had reduced the upside/downside e...

Upside Reward Narrows - Reducing Portfolio Net Long Exposure

In response to the S&P Index approaching my "fair market value" (of 2800), and in light of the magnitude of the move from about 2185 to 2750, I have made the following moves this morning: * I have reduced my very large position to medium-sized * I h...

Excess Return Opportunity?

On Friday I added to my speculative lodging/real estate theme ( , and ). Though certainly not without risk (!), there may be a lot of excess return opportunity at current prices in this package. The average of these are about +10% in today's trading...

My Trades This Afternoon

This afternoon (and on weakness) I have made the following trades: * I have added to my new investment long Morgan Stanley . * I am bidding for my speculative package of stocks that will benefit mightily from a sooner-than-expected containment of Co...

Long Adds

On the opening I added to my , and longs.

Less Pontification, More Bottom-Up Ideas

* Will be forthcoming... At all times, but particularly during a crisis, circulating bottom-up investment ideas is of paramount importance. Don't get me wrong, a market view is very important - and so is the analytical discussion surrounding that ma...

Three Speculations With Large Potential Upside

* If Covid-19 is contained reasonably soon * There is a place in most portfolios for some speculation Speculation takes many forms. Sometimes speculative stocks are small caps that trade their float every few days. Sometimes speculative stocks are f...

Earnings to Watch After the Bell

After the closing bell for the U.S. equity markets rings today, investors will be besieged by a barrage of corporate earnings reports. Given the news of the day, we can expect investors will continue to pay close attention to any and all coronavirus...

6 Attractive REITs for Growth and Income

6 Attractive REITs for Growth and Income

These top picks include the REIT redeveloping New York's Penn Station and one that is smack dab in the middle of the 5G revolution.

Santa's Got Two Hot Dividend Stocks in His Bag

Santa's Got Two Hot Dividend Stocks in His Bag

Here we unpack the year-end promises of MSC Industrial Direct and Vornado Realty Trust.

Food for Thought

After the market close, we have a number of earnings reports coming at us, and one of my standard practices is to make a list as to which companies are reporting, and what's expected. This way, as the results hit the tape, I can perform a quick tria...

Vornado Realty Trust Could Rally Nicely in the Months Ahead

Vornado Realty Trust Could Rally Nicely in the Months Ahead

The fundamentals must be sound so let's check the charts and indicators.