Vornado Realty Trust (NYSE:VNO) Releases Its 2013 Q3 Earnings Report Today


Dallas, Texas 11/04/2013 (Financialstrend) – Vornado Realty Trust (NYSE:VNO) is slated to release its 2013 Q3 earnings data today. Analysts are projecting Vornado Realty Trust to report earnings of $1.10/ share and revenue of $665.71M for the quarter. Recently, Vornado Realty Trust (NYSE:VNO) declared a quarterly-dividend. This dividend is slated for Friday 22 November.  Investors of record on Tuesday, 12 November will be given this dividend of $0.73/ share. This represents a $2.92 dividend on the annualized-basis and a yield of 3.28 percent. The ex-dividend date is Thursday, 7 November.

Friday’s trading

In Friday’s trading, Vornado Realty Trust (NYSE:VNO) rose by 1.02%. The opening price of the shares was $89.66, which climbed to an intraday high of $90.24 and dipped to a close of $89.97. Approximately 0.839 million shares were traded on Friday while an average volume of 0.755 million shares were traded over a 30 day period. The 52-week low of Vornado Realty Trust (NYSE:VNO) shares is $72.64 and its 52-week high is $91.20. The company has a market capitalization of $16.82 billion.

About the company

Vornado Realty Trust (NYSE:VNO) is an integrated Real Estate Investment-Trust.  It conducts its business via and almost all interests in various properties are held by, Vornado Realty L.P. This is a limited partnership. As of 31 December 2011, Vornado Realty Trust (NYSE:VNO) was the only general partner of, & owned around 93.5% of the common-limited partnership interest in this Operating Partnership. Vornado Realty Trust (NYSE:VNO) operates in 5  business segments: 1- New York Office Properties, Washington,2- DC Office Properties, 3- Retail Properties, 4- Merchandise Mart Properties and 5- Toys R Us.

In 2013 April 2013, the company completed sale of The Plant, a power-strip shopping center located in San Jose, California. In 2013 April, it announced the sale of a site situated in the Downtown-Crossing district in Boston. In 2013 October, Vornado Realty Trust (NYSE:VNO) sold a segment of land called Harlem Park situated at 1800 Park Avenue in New York City.

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