Equities analysts expect Vornado Realty Trust (NYSE:VNO) to report earnings of $0.96 per share for the current quarter, according to Zacks. Twelve analysts have made estimates for Vornado Realty Trust’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.02. Vornado Realty Trust reported earnings of $1.35 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 28.9%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 30th.
On average, analysts expect that Vornado Realty Trust will report full year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.44 to $3.91. For the next year, analysts expect that the business will post earnings of $3.98 per share, with EPS estimates ranging from $3.82 to $4.43. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, April 30th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.59). The business had revenue of $536.43 million for the quarter, compared to analyst estimates of $533.54 million. Vornado Realty Trust had a return on equity of 5.04% and a net margin of 7.01%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS.
VNO has been the subject of several recent research reports. SunTrust Banks set a $78.00 price objective on Vornado Realty Trust and gave the company a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Argus lowered their price objective on Vornado Realty Trust from $83.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, March 14th. Sandler O’Neill set a $76.00 price objective on Vornado Realty Trust and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, BMO Capital Markets initiated coverage on Vornado Realty Trust in a research note on Friday, March 16th. They issued an “outperform” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $83.33.
Institutional investors have recently bought and sold shares of the business. Long Pond Capital LP lifted its holdings in shares of Vornado Realty Trust by 253.0% in the 1st quarter. Long Pond Capital LP now owns 4,657,274 shares of the real estate investment trust’s stock worth $313,435,000 after purchasing an additional 3,337,934 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Vornado Realty Trust by 15.7% during the 1st quarter. JPMorgan Chase & Co. now owns 10,098,699 shares of the real estate investment trust’s stock valued at $679,643,000 after purchasing an additional 1,367,593 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Vornado Realty Trust by 49.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,668,962 shares of the real estate investment trust’s stock valued at $286,841,000 after purchasing an additional 1,211,798 shares during the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of Vornado Realty Trust during the 1st quarter valued at $37,443,000. Finally, Franklin Resources Inc. increased its position in shares of Vornado Realty Trust by 10.0% during the 1st quarter. Franklin Resources Inc. now owns 4,399,878 shares of the real estate investment trust’s stock valued at $296,111,000 after purchasing an additional 398,998 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.
Vornado Realty Trust stock opened at $71.70 on Friday. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $80.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $13.72 billion, a PE ratio of 19.22, a PEG ratio of 7.88 and a beta of 0.88.
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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