Vornado Realty Trust (NYSE:VNO) – Stock analysts at SunTrust Banks raised their Q3 2017 earnings per share estimates for Vornado Realty Trust in a report released on Monday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.79. SunTrust Banks also issued estimates for Vornado Realty Trust’s FY2017 earnings at $4.37 EPS.

VNO has been the topic of several other research reports. Morgan Stanley restated an “equal weight” rating and set a $78.00 price objective (down previously from $81.00) on shares of Vornado Realty Trust in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Bank of America Corporation restated a “buy” rating and set a $113.00 price objective (up previously from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Finally, Evercore ISI restated an “outperform” rating and set a $87.00 price objective (up previously from $86.00) on shares of Vornado Realty Trust in a research report on Wednesday, August 2nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $96.27.

COPYRIGHT VIOLATION NOTICE: “Vornado Realty Trust (VNO) Forecasted to Post Q3 2017 Earnings of $0.98 Per Share” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/12/vornado-realty-trust-vno-forecasted-to-post-q3-2017-earnings-of-0-98-per-share.html.

Shares of Vornado Realty Trust (NYSE VNO) opened at 79.36 on Wednesday. The stock has a 50 day moving average of $75.62 and a 200 day moving average of $77.10. Vornado Realty Trust has a one year low of $72.77 and a one year high of $111.72. The stock has a market cap of $15.04 billion, a P/E ratio of 17.14 and a beta of 1.00.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. Vornado Realty Trust’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of VNO. BlackRock Inc. raised its position in Vornado Realty Trust by 2,605.3% during the first quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock valued at $1,598,235,000 after acquiring an additional 15,344,015 shares in the last quarter. Franklin Resources Inc. raised its position in Vornado Realty Trust by 767.3% during the second quarter. Franklin Resources Inc. now owns 2,126,678 shares of the real estate investment trust’s stock valued at $199,694,000 after acquiring an additional 1,881,473 shares in the last quarter. JPMorgan Chase & Co. raised its position in Vornado Realty Trust by 28.0% during the second quarter. JPMorgan Chase & Co. now owns 5,869,084 shares of the real estate investment trust’s stock valued at $551,106,000 after acquiring an additional 1,284,107 shares in the last quarter. Bank of New York Mellon Corp raised its position in Vornado Realty Trust by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 4,577,899 shares of the real estate investment trust’s stock valued at $429,864,000 after acquiring an additional 524,562 shares in the last quarter. Finally, Numeric Investors LLC raised its position in Vornado Realty Trust by 1,397.9% during the second quarter. Numeric Investors LLC now owns 503,300 shares of the real estate investment trust’s stock valued at $47,260,000 after acquiring an additional 469,700 shares in the last quarter. 85.95% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

Receive News & Stock Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related stocks with our FREE daily email newsletter.