Brokerages predict that Vornado Realty Trust (NYSE:VNO) will report earnings per share (EPS) of $0.96 for the current quarter, according to Zacks. Eight analysts have issued estimates for Vornado Realty Trust’s earnings. The lowest EPS estimate is $0.91 and the highest is $1.02. Vornado Realty Trust posted earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 220%. The company is scheduled to announce its next quarterly earnings report on Monday, February 12th.
According to Zacks, analysts expect that Vornado Realty Trust will report full-year earnings of $3.92 per share for the current fiscal year, with EPS estimates ranging from $3.86 to $3.98. For the next year, analysts expect that the company will post earnings of $3.92 per share, with EPS estimates ranging from $3.61 to $4.12. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business had revenue of $528.76 million during the quarter, compared to analysts’ expectations of $545.53 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis.
Several equities analysts have weighed in on VNO shares. Zacks Investment Research upgraded Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 13th. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $84.00 in a research note on Tuesday, October 10th. Barclays reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research note on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $91.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VNO. BlackRock Inc. grew its stake in Vornado Realty Trust by 2.9% during the 2nd quarter. BlackRock Inc. now owns 16,394,729 shares of the real estate investment trust’s stock worth $1,539,465,000 after buying an additional 461,768 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 23.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock worth $558,195,000 after buying an additional 1,352,088 shares during the last quarter. Northern Trust Corp grew its stake in Vornado Realty Trust by 1.3% during the 2nd quarter. Northern Trust Corp now owns 2,763,777 shares of the real estate investment trust’s stock worth $259,519,000 after buying an additional 35,361 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vornado Realty Trust by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,456,239 shares of the real estate investment trust’s stock worth $188,837,000 after acquiring an additional 55,423 shares during the period. Finally, Franklin Resources Inc. lifted its position in Vornado Realty Trust by 767.3% during the 2nd quarter. Franklin Resources Inc. now owns 2,126,678 shares of the real estate investment trust’s stock worth $199,694,000 after acquiring an additional 1,881,473 shares during the period. Institutional investors own 86.00% of the company’s stock.
Vornado Realty Trust (NYSE:VNO) traded up $0.11 during trading hours on Thursday, hitting $78.18. The company had a trading volume of 527,674 shares, compared to its average volume of 1,147,915. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26. Vornado Realty Trust has a 12-month low of $71.89 and a 12-month high of $111.72. The stock has a market capitalization of $14,844.66, a PE ratio of 19.16, a P/E/G ratio of 4.70 and a beta of 0.99.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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