Vornado Realty Trust (VNO) Expected to Post Earnings of $0.98 Per Share
Wall Street analysts expect Vornado Realty Trust (NYSE:VNO) to announce earnings per share of $0.98 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Vornado Realty Trust’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.95. Vornado Realty Trust posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year-over-year growth rate of 226.7%. The business is scheduled to report its next quarterly earnings report on Monday, February 12th.
On average, analysts expect that Vornado Realty Trust will report full-year earnings of $3.89 per share for the current year, with EPS estimates ranging from $3.71 to $3.97. For the next financial year, analysts anticipate that the company will report earnings of $4.00 per share, with EPS estimates ranging from $3.86 to $4.19. Zacks Investment Research’s EPS calculations 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 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 firm had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year.
A number of research firms have weighed in on VNO. Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays PLC reissued a “hold” rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Morgan Stanley raised shares of Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $81.00 to $84.00 in a research report on Tuesday, October 10th. Sandler O’Neill reissued a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $86.00 to $77.00 in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $93.67.
Shares of Vornado Realty Trust (VNO) opened at $73.25 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $13.91 billion, a PE ratio of 18.15, a PEG ratio of 4.49 and a beta of 0.99. Vornado Realty Trust has a one year low of $71.89 and a one year high of $111.72.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 57.14%.
Several institutional investors have recently modified their holdings of VNO. BT Investment Management Ltd acquired a new stake in Vornado Realty Trust during the second quarter worth about $2,647,000. State of Wisconsin Investment Board raised its stake in Vornado Realty Trust by 3.2% during the second quarter. State of Wisconsin Investment Board now owns 175,374 shares of the real estate investment trust’s stock worth $16,468,000 after acquiring an additional 5,492 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Vornado Realty Trust by 521.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,177 shares of the real estate investment trust’s stock worth $2,646,000 after acquiring an additional 23,641 shares during the period. Andra AP fonden raised its stake in Vornado Realty Trust by 52.2% during the second quarter. Andra AP fonden now owns 47,800 shares of the real estate investment trust’s stock worth $4,488,000 after acquiring an additional 16,400 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in Vornado Realty Trust by 16.8% during the first quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.
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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