Zacks: Analysts Expect Vornado Realty Trust (NYSE:VNO) Will Post Earnings of $0.61 Per Share

April 8th, 2021 - By Scott Moore - Comments Off

Equities research analysts expect Vornado Realty Trust (NYSE:VNO) to post $0.61 earnings per share for the current quarter, Zacks reports. Nine analysts have made estimates for Vornado Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.70. Vornado Realty Trust reported earnings per share of $0.72 in the same quarter last year, which would suggest a negative year over year growth rate of 15.3%. The company is scheduled to report its next quarterly earnings report on Monday, May 3rd.

According to Zacks, analysts expect that Vornado Realty Trust will report full year earnings of $2.76 per share for the current financial year, with EPS estimates ranging from $2.59 to $3.11. For the next year, analysts forecast that the firm will post earnings of $3.15 per share, with EPS estimates ranging from $2.91 to $3.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Tuesday, February 16th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.63). Vornado Realty Trust had a return on equity of 2.31% and a net margin of 6.43%.

A number of equities research analysts have weighed in on VNO shares. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating and set a $46.00 target price on the stock in a report on Friday, February 26th. Argus raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Wednesday, December 30th. They noted that the move was a valuation call. Truist raised Vornado Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $46.00 in a report on Friday, January 22nd. Finally, Morgan Stanley lifted their target price on Vornado Realty Trust from $34.00 to $37.00 and gave the stock an “underweight” rating in a report on Monday, December 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.11.

Hedge funds have recently added to or reduced their stakes in the business. Vantage Consulting Group Inc acquired a new position in Vornado Realty Trust during the 4th quarter valued at about $38,000. Neo Ivy Capital Management boosted its stake in shares of Vornado Realty Trust by 49.6% in the 4th quarter. Neo Ivy Capital Management now owns 1,052 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 349 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Vornado Realty Trust by 36.6% in the 4th quarter. Meeder Asset Management Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 322 shares during the last quarter. Private Capital Group LLC lifted its stake in Vornado Realty Trust by 395.1% in the fourth quarter. Private Capital Group LLC now owns 1,317 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Ropes Wealth Advisors LLC purchased a new position in Vornado Realty Trust in the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 73.68% of the company’s stock.

Shares of VNO stock opened at $45.93 on Monday. The stock’s fifty day moving average price is $44.96 and its two-hundred day moving average price is $38.75. The company has a market cap of $8.79 billion, a PE ratio of 158.38 and a beta of 1.48. Vornado Realty Trust has a fifty-two week low of $29.79 and a fifty-two week high of $49.50. The company has a debt-to-equity ratio of 1.24, a quick ratio of 5.28 and a current ratio of 5.28.

The business also recently declared a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Monday, February 1st were paid a dividend of $0.53 per share. The ex-dividend date was Friday, January 29th. This represents a $2.12 dividend on an annualized basis and a yield of 4.62%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 60.74%.

About Vornado Realty Trust

Vornado's portfolio is concentrated in the nation's key market Â New York City Â 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 2019.

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Zacks: Analysts Expect Vornado Realty Trust (NYSE:VNO) Will Post Earnings of $0.61 Per Share