Vornado Realty's most recent trend suggests a bullish bias. One trading opportunity on Vornado Realty is a Bull Put Spread using a strike $45.00 short put and a strike $35.00 long put offers a potential 9.89% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $9.10 would be incurred if the stock dropped below the $35.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Vornado Realty is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Vornado Realty is bullish.
The RSI indicator is at 71.49 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Vornado Realty
Vornado Realty Trust's (NYSE:VNO) Shareholders Are Down 24% On Their Investment Over The Past Five Years.
Wed, 03 Mar 2021 09:10:25 +0000
The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have…
Vornado (VNO) Boosts Strength With $525M Loan Refinancing
Mon, 01 Mar 2021 17:12:05 +0000
Vornado (VNO) refinanced a previous $300-million LIBOR plus 1.75% loan with a $525-million LIBOR plus 1.107% one, receiving net proceeds of nearly $105 million.
Vornado Completes $525 Million Refinancing of One Park Avenue
Fri, 26 Feb 2021 21:29:00 +0000
NEW YORK, Feb. 26, 2021 (GLOBE NEWSWIRE) — VORNADO REALTY TRUST (NYSE: VNO) announced today that its 55% owned joint venture has completed a $525 million refinancing of One Park Avenue, a 943,000 square foot Manhattan office building. The interest only loan carries a rate of LIBOR plus 1.107% (currently 1.222%) and matures in February 2026, as fully extended. The loan replaces the previous $300 million loan that bore interest at LIBOR plus 1.75% and was scheduled to mature in March 2021. Vornado’s share of the net proceeds was approximately $105 million. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Michael Franco(212) 894-7000 Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 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, 2020. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors. Currently, one of the most significant factors is the ongoing adverse effect of the COVID-19 pandemic on our business, financial condition, results of operations, cash flows, operating performance and the effect it has 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. The extent of the impact of the COVID-19 pandemic will depend on future developments, including the duration of the pandemic, which are highly uncertain at this time but that impact could be material. Moreover, you are cautioned that the COVID-19 pandemic will heighten many of the risks identified in “Item 1A. Risk Factors” in Part I of our Annual Report on Form 10-K for the year ended December 31, 2020.
Stimulus: CEOs of Google, Zillow, BlackRock, Visa, and more back Biden's $1.9 trillion proposal
Wed, 24 Feb 2021 13:31:10 +0000
Among the executives who signed the letter included CEOs from Google, Goldman Sachs, Zillow, BlackRock, JetBlue and Visa.
6 Inexpensive Stocks for Market Contrarians
Tue, 23 Feb 2021 12:00:00 +0000
With many value-oriented stocks making a comeback in recent months, investors may want to check out an old-style approach to the discipline: buying stocks with low price/book ratios. Barron’s screened the S&P 500 with the help of FactSet for companies with low stock prices relative to tangible book value. Buying stocks based on low price/book ratios harks back to value-investing legend Benjamin Graham, who was the inspiration for a young Warren Buffett during the middle of the 20th century.
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