Vornado Realty Trust declares quarterly preferred dividends, payable July 1, 2025, for various series to eligible shareholders.
Quiver AI Summary
Vornado Realty Trust has announced the declaration of quarterly preferred dividends by its Board of Trustees, including varying amounts for Series A, L, M, N, and O shares, which will be paid on July 1, 2025, to shareholders recorded by June 16, 2025. The company emphasizes that it is a fully-integrated equity real estate investment trust and includes a disclaimer regarding forward-looking statements, highlighting that these statements may not guarantee future performance. Various factors, including interest rate fluctuations and inflation, could affect the company's future financial results and operations.
Potential Positives
- The declaration of a quarterly preferred dividend indicates financial stability and commitment to returning value to shareholders.
- Dividends are scheduled to be paid to shareholders on July 1, 2025, which underscores the company's positive cash flow and ability to meet its financial obligations.
- The preferred dividends cover multiple series, suggesting a broad base of investor support and confidence in varied financial instruments offered by the company.
Potential Negatives
- Declaring preferred dividends may indicate the company's reliance on such payments to attract and retain investors, potentially signaling underlying financial challenges.
- The forward-looking statements emphasize uncertainty and risks, particularly regarding interest rate fluctuations and inflation, which could negatively impact investors' confidence.
- The need to reference "Risk Factors" suggests the company may face significant challenges ahead that could affect its performance and stability.
FAQ
What are the preferred dividends declared by Vornado Realty Trust?
The dividends declared include Series A Convertible at $0.8125, Series L at $0.3375, Series M at $0.328125, Series N at $0.328125, and Series O at $0.278125.
When will the declared dividends be paid to shareholders?
The dividends will be payable on July 1, 2025, to shareholders of record on June 16, 2025.
Who should I contact for more information about Vornado Realty Trust?
For more information, you can contact Thomas J. Sanelli at (212) 894-7000.
What type of company is Vornado Realty Trust?
Vornado Realty Trust is a fully-integrated equity real estate investment trust (REIT).
What are forward-looking statements in Vornado's press release?
Forward-looking statements reflect Vornado's intentions, plans, and expectations but are subject to risks, uncertainties, and assumptions that may affect outcomes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VNO Insider Trading Activity
$VNO insiders have traded $VNO stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $VNO stock by insiders over the last 6 months:
- RUSSELL B JR WIGHT sold 2,000 shares for an estimated $89,727
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VNO Hedge Fund Activity
We have seen 181 institutional investors add shares of $VNO stock to their portfolio, and 183 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 1,651,819 shares (+111.3%) to their portfolio in Q4 2024, for an estimated $69,442,470
- DEUTSCHE BANK AG\ added 1,567,742 shares (+180.7%) to their portfolio in Q4 2024, for an estimated $65,907,873
- ALYESKA INVESTMENT GROUP, L.P. removed 1,441,338 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $60,593,849
- UBS GROUP AG added 1,366,866 shares (+436.0%) to their portfolio in Q4 2024, for an estimated $57,463,046
- NORTHERN TRUST CORP added 1,358,498 shares (+98.3%) to their portfolio in Q4 2024, for an estimated $57,111,255
- JPMORGAN CHASE & CO removed 889,226 shares (-25.2%) from their portfolio in Q4 2024, for an estimated $37,383,061
- CITADEL ADVISORS LLC removed 886,043 shares (-28.1%) from their portfolio in Q4 2024, for an estimated $37,249,247
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VNO Price Targets
Multiple analysts have issued price targets for $VNO recently. We have seen 2 analysts offer price targets for $VNO in the last 6 months, with a median target of $42.5.
Here are some recent targets:
- Michael Lewis from Truist Financial set a target price of $40.0 on 12/03/2024
- Steve Sakwa from Evercore ISI set a target price of $45.0 on 11/06/2024
Full Release
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) --
Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared the following quarterly preferred dividends:
| Series A Convertible | $ | .8125000 | per share | ||
| Series L Cumulative Redeemable | $ | .3375000 | per share | ||
| Series M Cumulative Redeemable | $ | .3281250 | per share | ||
| Series N Cumulative Redeemable | $ | .3281250 | per share | ||
| Series O Cumulative Redeemable | $ | .2781250 | per share | ||
In each case, dividends are payable on July 1, 2025 to shareholders of record on June 16, 2025.
Vornado Realty Trust is a fully-integrated equity real estate investment trust.
CONTACT
Thomas J. Sanelli
(212) 894-7000
Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this press release. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see “Risk Factors” in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2024. Currently, some of the factors are the interest rate fluctuations and effects of inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general.
