27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Barclays has cut its 2016 funds from operations (FFO) estimate for Vornado Realty Trust (NYSE: VNO) after lower-than-expected first quarter FFO.
Vornado's first-quarter reported FFO of $1.07 was $0.22 below Barclays estimate and $0.15 below the consensus. Core FFO of $1.08 (+0.9 percent year-over-year), which backs out certain items for comparability, was also missed Barclays estimate ($1.29) and the consensus as well.
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Vornado benefited from the New York office assets, while retail moderated. New York office and street retail saw positive rental spread gains, but occupancy declined year-over-year and sequentially.
As a result, the brokerage cut its 2016 FFO estimate to $4.94 a share from $5.24 a share. Consensus estimate for 2016 FFO is $4.98 a share.
"Our estimates imply +1% year-over-year operating FFO growth in 2016, +13% in 2017 and a five year average of +6%. Our five-year CAGR for CAD is 14%," analyst Ross Smotrich wrote in a note.
Smotrich has an Equal-Weight rating on the stock.
Meanwhile, Smotrich raised his price target on the stock by $4 to $103. Vornado shares were up 1.09 percent to $98.71.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.