Analysts Expect Vornado Realty Trust (NYSE:VNO) Will Post Earnings of $0.85 Per Share

Wall Street brokerages predict that Vornado Realty Trust (NYSE:VNO) will post earnings of $0.85 per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Vornado Realty Trust’s earnings, with estimates ranging from $0.79 to $0.93. Vornado Realty Trust reported earnings of $0.90 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 5.6%. The business is scheduled to report its next earnings results on Monday, February 10th.

According to Zacks, analysts expect that Vornado Realty Trust will report full year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.54. For the next financial year, analysts anticipate that the company will post earnings of $3.49 per share, with EPS estimates ranging from $3.22 to $3.67. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.46). Vornado Realty Trust had a net margin of 151.59% and a return on equity of 4.90%. The company had revenue of $465.96 million for the quarter, compared to the consensus estimate of $457.27 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis.

A number of analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, September 6th. SunTrust Banks set a $72.00 price target on shares of Vornado Realty Trust and gave the company a “buy” rating in a report on Monday, August 26th. Goldman Sachs Group started coverage on shares of Vornado Realty Trust in a research report on Friday, November 8th. They set a “neutral” rating and a $69.00 price objective on the stock. Argus lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Barclays set a $79.00 price objective on shares of Vornado Realty Trust and gave the stock a “hold” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $73.13.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNO. Steward Partners Investment Advisory LLC bought a new position in Vornado Realty Trust in the second quarter worth approximately $33,000. CSat Investment Advisory L.P. raised its holdings in Vornado Realty Trust by 73.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 620 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 263 shares during the last quarter. Ossiam purchased a new position in shares of Vornado Realty Trust during the 2nd quarter worth $45,000. Quantum Capital Management purchased a new position in shares of Vornado Realty Trust during the 3rd quarter worth $52,000. Finally, Employers Holdings Inc. acquired a new stake in shares of Vornado Realty Trust during the second quarter worth $58,000. Institutional investors own 76.44% of the company’s stock.

Shares of VNO stock traded up $0.49 during trading hours on Tuesday, reaching $63.86. The stock had a trading volume of 302,660 shares, compared to its average volume of 850,951. The stock’s fifty day simple moving average is $64.30 and its 200 day simple moving average is $64.11. The firm has a market capitalization of $12.32 billion, a PE ratio of 16.98, a PEG ratio of 5.90 and a beta of 0.96. Vornado Realty Trust has a 12 month low of $58.60 and a 12 month high of $72.50. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.10.

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, November 1st. Vornado Realty Trust’s dividend payout ratio is currently 70.21%.

About Vornado Realty Trust

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. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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

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