Vornado Realty Trust (NYSE:VNO) is scheduled to be releasing its earnings data after the market closes on Monday, April 30th. Analysts expect Vornado Realty Trust to post earnings of $0.87 per share for the quarter.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The firm had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same period in the previous year, the firm posted $3.43 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect Vornado Realty Trust to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
VNO opened at $65.42 on Monday. Vornado Realty Trust has a 1-year low of $64.13 and a 1-year high of $82.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $12,428.75, a price-to-earnings ratio of 17.54 and a beta of 0.86.
Several research firms have weighed in on VNO. SunTrust Banks raised 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. Barclays reaffirmed a “hold” rating and issued a $75.00 price target on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. 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. BMO Capital Markets began coverage on shares of Vornado Realty Trust in a research note on Friday, March 16th. They issued an “outperform” rating and a $85.00 price target for the company. Finally, Sandler O’Neill set a $76.00 price target on shares of Vornado Realty Trust and gave the company a “buy” rating in a research note on Thursday, March 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Vornado Realty Trust currently has an average rating of “Buy” and an average price target of $85.92.
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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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