Zacks: Analysts Anticipate Vornado Realty Trust (VNO) Will Announce Earnings of $0.88 Per Share

Analysts predict that Vornado Realty Trust (NYSE:VNO) will post earnings of $0.88 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Vornado Realty Trust’s earnings, with estimates ranging from $0.79 to $0.97. Vornado Realty Trust posted earnings of $1.08 per share during the same quarter last year, which would suggest a negative year over year growth rate of 18.5%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, April 30th.

On average, analysts expect that Vornado Realty Trust will report full-year earnings of $3.87 per share for the current financial year, with EPS estimates ranging from $3.69 to $4.02. For the next financial year, analysts forecast that the company will report earnings of $4.01 per share, with EPS estimates ranging from $3.88 to $4.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data 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 return on equity of 5.44% and a net margin of 9.10%. The company had revenue of $536.23 million for the quarter, compared to analyst estimates of $532.81 million. During the same period in the prior year, the company posted $3.43 EPS. The company’s revenue was up 4.3% compared to the same quarter last year.



A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of Vornado Realty Trust from $83.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, March 26th. BMO Capital Markets assumed coverage on Vornado Realty Trust in a report on Friday, March 16th. They set an “outperform” rating and a $85.00 target price for the company. Sandler O’Neill set a $76.00 target price on Vornado Realty Trust and gave the stock a “buy” rating in a report on Thursday, March 15th. Argus lowered their target price on Vornado Realty Trust from $83.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, March 14th. Finally, Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.15.

VNO opened at $66.75 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Vornado Realty Trust has a 12 month low of $64.13 and a 12 month high of $82.68. The firm has a market capitalization of $12,784.02, a P/E ratio of 17.12 and a beta of 0.86.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at approximately $100,000. Assetmark Inc. grew its stake 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 buying an additional 1,375 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $134,000. West Oak Capital LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $138,000. Finally, Huntington National Bank grew its stake 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 buying an additional 1,191 shares during the last quarter. Institutional investors own 88.82% of the company’s stock.

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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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Earnings History and Estimates for Vornado Realty Trust (NYSE:VNO)

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