Brokerages expect Vornado Realty Trust (NYSE:VNO) to report earnings per share (EPS) of $0.88 for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Vornado Realty Trust’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.97. Vornado Realty Trust reported earnings of $1.08 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 18.5%. The firm is expected to announce its next earnings results after the market closes on Monday, April 30th.
On average, analysts expect that Vornado Realty Trust will report full year earnings of $3.85 per share for the current financial year, with EPS estimates ranging from $3.69 to $4.02. For the next fiscal year, analysts forecast that the firm will report earnings of $3.97 per share, with EPS estimates ranging from $3.88 to $4.10. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.43 earnings per share.
Several research analysts have recently issued reports on VNO shares. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. SunTrust Banks upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Barclays reiterated a “hold” rating and issued a $75.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Finally, Sandler O’Neill set a $75.00 price objective on shares of Vornado Realty Trust and gave the company a “buy” rating in a research report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $86.15.
A number of institutional investors have recently modified their holdings of VNO. Fieldpoint Private Securities LLC bought a new position in Vornado Realty Trust during the third quarter valued at approximately $100,000. Assetmark Inc. increased its holdings in Vornado Realty Trust by 5,978.3% during the fourth quarter. Assetmark Inc. now owns 1,398 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,375 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at approximately $134,000. West Oak Capital LLC purchased a new stake in Vornado Realty Trust during the fourth quarter valued at approximately $138,000. Finally, Huntington National Bank increased its holdings in Vornado Realty Trust by 167.3% during the fourth quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,191 shares during the last quarter. Institutional investors own 88.80% of the company’s stock.
Shares of NYSE VNO traded up $0.75 during midday trading on Monday, hitting $67.25. The stock had a trading volume of 669,513 shares, compared to its average volume of 1,180,553. The company has a market cap of $12,633.93, a PE ratio of 18.03 and a beta of 0.86. Vornado Realty Trust has a 52 week low of $64.13 and a 52 week high of $82.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.
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Vornado Realty Trust Company Profile
Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.
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