Vornado Realty Trust (NYSE:VNO) Posts Earnings Results, Misses Expectations By $0.02 EPS

Vornado Realty Trust (NYSE:VNO) released its earnings results on Monday. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02), Briefing.com reports. The business had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.80%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share.

Vornado Realty Trust Trading Up 2.8%

NYSE:VNO opened at $31.87 on Wednesday. The stock has a market cap of $6.12 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 5.37 and a beta of 1.52. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $45.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 5.58 and a quick ratio of 5.58. The stock’s 50-day moving average is $33.27 and its two-hundred day moving average is $36.55.

Vornado Realty Trust Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.74 per share. This represents a yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s payout ratio is 17.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VNO. Scotiabank cut their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Mizuho reduced their target price on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Truist Financial decreased their price target on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VNO. Thrivent Financial for Lutherans lifted its position in Vornado Realty Trust by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock worth $1,504,000 after buying an additional 391 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Vornado Realty Trust by 15.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 400 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Vornado Realty Trust by 0.9% during the second quarter. Squarepoint Ops LLC now owns 73,497 shares of the real estate investment trust’s stock worth $2,811,000 after acquiring an additional 648 shares in the last quarter. Danske Bank A S acquired a new stake in Vornado Realty Trust during the third quarter valued at $28,000. Finally, Creative Planning grew its stake in Vornado Realty Trust by 1.8% in the third quarter. Creative Planning now owns 43,904 shares of the real estate investment trust’s stock valued at $1,779,000 after purchasing an additional 791 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.