$0.85 Earnings Per Share Expected for Vornado Realty Trust (VNO) This Quarter
Analysts expect Vornado Realty Trust (NYSE:VNO) to report earnings per share of $0.85 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Vornado Realty Trust’s earnings, with estimates ranging from $0.73 to $1.02. Vornado Realty Trust reported earnings per share of $0.39 during the same quarter last year, which would suggest a positive year over year growth rate of 117.9%. The company is expected to report its next earnings results on Monday, October 30th.
On average, analysts expect that Vornado Realty Trust will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.02 to $4.44. For the next year, analysts expect that the company will post earnings of $3.99 per share, with EPS estimates ranging from $3.77 to $4.20. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share.
Several brokerages have issued reports on VNO. Barclays PLC dropped their target price on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 target price (down from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Evercore ISI upgraded Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 target price for the company in a report on Monday, July 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Vornado Realty Trust has a consensus rating of “Hold” and a consensus price target of $95.73.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its holdings in shares of Vornado Realty Trust by 56.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 785 shares during the period. Toronto Dominion Bank grew its holdings in shares of Vornado Realty Trust by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 58,330 shares of the real estate investment trust’s stock worth $5,476,000 after purchasing an additional 11,899 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Vornado Realty Trust during the 2nd quarter worth $920,000. Koch Industries Inc. grew its holdings in shares of Vornado Realty Trust by 8,135.6% during the 2nd quarter. Koch Industries Inc. now owns 323,989 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 320,055 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of Vornado Realty Trust during the 2nd quarter worth $7,697,000. Institutional investors and hedge funds own 85.95% of the company’s stock.
Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.54% on Wednesday, hitting $76.88. 1,400,437 shares of the stock were exchanged. The company has a 50-day moving average price of $75.53 and a 200 day moving average price of $77.86. The company has a market cap of $14.57 billion, a PE ratio of 16.60 and a beta of 0.99. Vornado Realty Trust has a 12 month low of $72.77 and a 12 month high of $90.32.
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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