Vornado Realty Trust (NYSE:VNO) Posts Quarterly Earnings Results, Misses Estimates By $0.61 EPS

Vornado Realty Trust (NYSE:VNO) posted its earnings results on Monday. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61), Zacks reports. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.69%. The firm had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the previous year, the company posted $0.66 EPS. Vornado Realty Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year.

Vornado Realty Trust Trading Up 2.0 %

Shares of VNO stock opened at $42.76 on Wednesday. The stock’s fifty day moving average price is $38.90 and its two-hundred day moving average price is $31.31. The company has a market cap of $8.14 billion, a PE ratio of -147.45 and a beta of 1.64. Vornado Realty Trust has a fifty-two week low of $19.63 and a fifty-two week high of $44.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21.

Analyst Upgrades and Downgrades

VNO has been the topic of a number of analyst reports. Piper Sandler reissued a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Scotiabank increased their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Compass Point increased their price target on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Finally, Evercore ISI increased their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.80.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.