Wall Street brokerages predict that Vornado Realty Trust (NYSE:VNO) will post earnings of $0.98 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Vornado Realty Trust’s earnings, with estimates ranging from $0.95 to $1.02. Vornado Realty Trust reported earnings of $0.52 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 88.5%. The business is scheduled to report its next earnings results on Monday, October 29th.

According to Zacks, analysts expect that Vornado Realty Trust will report full year earnings of $3.83 per share for the current financial year, with EPS estimates ranging from $3.60 to $3.98. For the next financial year, analysts anticipate that the company will post earnings of $3.97 per share, with EPS estimates ranging from $3.83 to $4.13. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a net margin of 6.91% and a return on equity of 5.16%. The business had revenue of $541.80 million during the quarter, compared to analysts’ expectations of $539.78 million. During the same quarter in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis.

Several research analysts recently commented on the stock. SunTrust Banks restated a “buy” rating and issued a $85.00 price target on shares of Vornado Realty Trust in a report on Thursday, August 16th. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a research report on Monday, July 30th. Argus increased their price objective on shares of Vornado Realty Trust from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, July 3rd. Finally, Deutsche Bank lowered their price objective on shares of Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, June 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $80.10.

A number of large investors have recently modified their holdings of VNO. Advisors Asset Management Inc. grew its position in shares of Vornado Realty Trust by 37.5% during the second quarter. Advisors Asset Management Inc. now owns 5,661 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 1,543 shares in the last quarter. Andra AP fonden acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $5,152,000. Verition Fund Management LLC acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $418,000. Jane Street Group LLC grew its position in shares of Vornado Realty Trust by 768.6% during the second quarter. Jane Street Group LLC now owns 38,628 shares of the real estate investment trust’s stock worth $2,855,000 after buying an additional 34,181 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Vornado Realty Trust by 1.9% during the second quarter. California Public Employees Retirement System now owns 484,537 shares of the real estate investment trust’s stock worth $35,817,000 after buying an additional 9,172 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

NYSE VNO traded up $0.69 during mid-day trading on Friday, hitting $76.77. The company’s stock had a trading volume of 771,226 shares, compared to its average volume of 861,088. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $80.30. The company has a debt-to-equity ratio of 2.41, a quick ratio of 5.62 and a current ratio of 5.62. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 9.22 and a beta of 0.88.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Monday, August 6th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, August 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is 67.56%.

Vornado Realty Trust Company Profile

Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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Earnings History and Estimates for Vornado Realty Trust (NYSE:VNO)

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