Vornado Realty Trust (VNO) Scheduled to Post Quarterly Earnings on Monday

Vornado Realty Trust (NYSE:VNO) is scheduled to post its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Vornado Realty Trust to post earnings of $0.55 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Vornado Realty Trust Stock Down 2.8 %

VNO opened at $28.49 on Friday. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $32.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.97 and a current ratio of 4.97. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 189.95 and a beta of 1.64. The company has a fifty day moving average of $26.48 and a two-hundred day moving average of $26.38.

Insider Buying and Selling at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the completion of the transaction, the director now owns 3,034 shares of the company’s stock, valued at approximately $85,528.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.14% of the company’s stock.

Analysts Set New Price Targets

VNO has been the topic of a number of research analyst reports. Scotiabank dropped their price target on shares of Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. BMO Capital Markets decreased their price objective on Vornado Realty Trust from $31.00 to $29.00 and set a “market perform” rating on the stock in a report on Wednesday, June 12th. Barclays dropped their target price on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Friday, May 24th. Piper Sandler decreased their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, May 13th. Finally, Compass Point dropped their price objective on shares of Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.27.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.