Wall Street analysts expect Vornado Realty Trust (NYSE: VNO) to post earnings per share (EPS) of $ 0.71 for the current quarter, according to Zacks Investment Research. Seven analysts have released earnings estimates for Vornado Realty Trust, with the lowest EPS estimate being $ 0.66 and the highest estimate being $ 0.74. Vornado Realty Trust reported earnings per share of $ 0.59 in the same quarter last year, indicating a positive year-over-year growth rate of 20.3%. The company is expected to publish its next quarterly results on Monday, November 1.
According to Zacks, analysts expect Vornado Realty Trust to report annual earnings of $ 2.77 per share for the current fiscal year, with EPS estimates ranging from $ 2.69 to $ 2.81. For the next fiscal year, analysts expect the company to report earnings of $ 3.20 per share, with EPS estimates ranging from $ 3.11 to $ 3.31. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who cover Vornado Realty Trust.
Vornado Realty Trust (NYSE: VNO) last reported its results on Monday, August 2. The real estate investment trust reported earnings per share (EPS) of $ 0.14 for the quarter, missing Zacks’ consensus estimate of $ 0.69 ($ 0.55). Vornado Realty Trust had a negative net margin of 2.95% and a positive return on equity of 2.44%. The company posted revenue of $ 378.94 million in the quarter, compared to a consensus estimate of $ 378.90 million. In the same quarter of the previous year, the company achieved EPS ($ 1.03). The company’s quarterly revenue grew 10.5% year-over-year.
VNO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased its price target on Vornado Realty Trust shares from $ 44.00 to $ 49.00 and gave the stock a “conservation” rating in a research report published on Friday, June 25. . Morgan Stanley increased its price target on Vornado Realty Trust from $ 41.00 to $ 42.00 and rated the company “underweight” in a report released on Wednesday, July 7. Three analysts gave the stock a sell rating, two issued a conservation rating, and two gave the stock a buy rating. According to data from MarketBeat.com, Vornado Realty Trust has an average “Hold” rating and an average target price of $ 43.71.
VNO stock opened at $ 41.49 on Wednesday. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt ratio of 1.51. Vornado Realty Trust has a one year minimum of $ 29.79 and a one year maximum of $ 50.91. The company has a market cap of $ 7.95 billion, a PE ratio of -76.83 and a beta of 1.42. The company has a 50-day moving average of $ 42.52 and a two-hundred-day moving average of $ 45.27.
The company also recently announced a quarterly dividend, which was paid on Friday, August 20. Shareholders of record on Monday, August 9, received a dividend of $ 0.53 per share. The ex-dividend date was Friday August 6. This represents an annualized dividend of $ 2.12 and a dividend yield of 5.11%. Vornado Realty Trust’s payout ratio is currently 83.79%.
Large investors have recently increased or reduced their stakes in the company. Bank of Montreal Can increased its stake in the shares of Vornado Realty Trust by 1,543.7% during the second quarter. Bank of Montreal Can now owns 2,081,760 Real Estate Investment Trust shares valued at $ 98,508,000 after purchasing an additional 1,955,107 shares in the last quarter. Franklin Resources Inc. increased its holdings in Vornado Realty Trust by 54.9% in the second quarter. Franklin Resources Inc. now owns 4,717,775 real estate investment trust shares valued at $ 220,179,000 after purchasing an additional 1,672,778 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Vornado Realty Trust by 40.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,254,656 real estate investment trust shares valued at $ 238,509,000 after purchasing an additional 1,522,686 shares last quarter. Nuveen Asset Management LLC increased its stake in Vornado Realty Trust by 112.8% in the 1st quarter. Nuveen Asset Management LLC now owns 2,425,345 real estate investment trust shares valued at $ 110,087,000 after purchasing an additional 1,285,736 shares in the last quarter. Finally, FIL Ltd increased its stake in Vornado Realty Trust shares by 1,496.3% during the first quarter. FIL Ltd now owns 1,277,104 Real Estate Investment Trust shares worth $ 57,968,000 after purchasing an additional 1,197,098 shares in the last quarter. Institutional investors and hedge funds hold 68.87% of the company’s shares.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a real estate investment trust. The company owns office buildings, retail businesses, merchandise stores and other related real estate and investments. Its office buildings include various office complexes and the Bank of America Center in San Francisco. The company’s commercial properties include shopping malls, regional shopping centers, single-tenant commercial assets.
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