Equities analysts expect that Vornado Realty Trust (NYSE:VNO) will post $0.88 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Vornado Realty Trust’s earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.79. Vornado Realty Trust reported earnings per share of $1.08 in the same quarter last year, which suggests a negative year-over-year growth rate of 18.5%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that Vornado Realty Trust will report full year earnings of $3.87 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $4.02. For the next year, analysts anticipate that the company will report earnings of $4.01 per share, with EPS estimates ranging from $3.88 to $4.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 5.44% and a net margin of 9.10%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.43 earnings per share.
A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price target on Vornado Realty Trust from $83.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, March 26th. BMO Capital Markets assumed coverage on Vornado Realty Trust in a research report on Friday, March 16th. They set an “outperform” rating and a $85.00 price target on the stock. Sandler O’Neill set a $76.00 price target on Vornado Realty Trust and gave the stock a “buy” rating in a research report on Thursday, March 15th. Argus lowered their price target on Vornado Realty Trust from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, March 14th. Finally, Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Vornado Realty Trust presently has a consensus rating of “Buy” and a consensus target price of $86.15.
Large investors have recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new stake in shares of Vornado Realty Trust during the third quarter worth approximately $100,000. Assetmark Inc. boosted its holdings in shares of 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 worth $109,000 after acquiring an additional 1,375 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth approximately $134,000. West Oak Capital LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth approximately $138,000. Finally, Huntington National Bank boosted its holdings in shares of 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 worth $149,000 after acquiring an additional 1,191 shares during the period. Institutional investors own 88.82% of the company’s stock.
Shares of NYSE VNO opened at $66.74 on Monday. The company has a market cap of $12,679.53, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 4.07 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $82.68.
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About Vornado Realty Trust
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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