Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04, Yahoo Finance reports. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same quarter in the prior year, the company posted $3.43 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.

Vornado Realty Trust (NYSE VNO) traded down $0.59 during midday trading on Tuesday, reaching $67.01. The company’s stock had a trading volume of 389,841 shares, compared to its average volume of 1,254,060. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $12,852.84, a P/E ratio of 16.33, a PEG ratio of 4.08 and a beta of 0.86. Vornado Realty Trust has a 12-month low of $65.49 and a 12-month high of $89.38.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, January 26th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s payout ratio is presently 60.87%.

A number of equities research analysts have weighed in on VNO shares. TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, October 17th. Barclays reissued a “hold” rating and issued a $75.00 price target on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $89.45.

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About Vornado Realty Trust

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.

Earnings History for Vornado Realty Trust (NYSE:VNO)

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