Brokerages Expect Vornado Realty Trust (NYSE:VNO) to Post $0.95 Earnings Per Share

Brokerages expect Vornado Realty Trust (NYSE:VNO) to announce earnings per share (EPS) of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for Vornado Realty Trust’s earnings. The lowest EPS estimate is $0.86 and the highest is $1.01. Vornado Realty Trust posted earnings of $1.10 per share in the same quarter last year, which suggests a negative year over year growth rate of 13.6%. The business is expected to issue its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that Vornado Realty Trust will report full-year earnings of $3.80 per share for the current year, with EPS estimates ranging from $3.62 to $4.06. For the next fiscal year, analysts forecast that the firm will post earnings of $3.83 per share, with EPS estimates ranging from $3.49 to $4.06. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). The business had revenue of $534.67 million for the quarter, compared to analysts’ expectations of $583.32 million. Vornado Realty Trust had a net margin of 28.76% and a return on equity of 10.19%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share.

VNO has been the subject of a number of research analyst reports. Morgan Stanley set a $72.00 price target on Vornado Realty Trust and gave the company a “buy” rating in a research report on Monday, April 22nd. SunTrust Banks decreased their price target on Vornado Realty Trust to $74.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and set a $82.00 price target on shares of Vornado Realty Trust in a research report on Wednesday, June 5th. Deutsche Bank decreased their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Finally, Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.11.

Large investors have recently added to or reduced their stakes in the business. Rational Advisors LLC increased its position in Vornado Realty Trust by 375.5% in the first quarter. Rational Advisors LLC now owns 718 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 567 shares during the last quarter. Pearl River Capital LLC purchased a new stake in Vornado Realty Trust in the first quarter worth $64,000. Whitener Capital Management Inc. increased its position in Vornado Realty Trust by 46.1% in the first quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 300 shares during the last quarter. Bessemer Group Inc. increased its position in Vornado Realty Trust by 33.3% in the fourth quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 247 shares during the last quarter. Finally, Next Capital Management LLC purchased a new stake in Vornado Realty Trust in the fourth quarter worth $64,000. 77.29% of the stock is owned by institutional investors and hedge funds.

Shares of VNO opened at $64.10 on Wednesday. The company has a quick ratio of 3.93, a current ratio of 3.93 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $12.04 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. The firm’s 50 day simple moving average is $66.69. Vornado Realty Trust has a 12 month low of $59.48 and a 12 month high of $77.59.

About Vornado Realty Trust

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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