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


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Wall Street analysts forecast that Vornado Realty Trust (NYSE:VNO) will post earnings per share of $0.61 for the current quarter, Zacks Investment Research reports. Nine analysts have provided 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 of $0.72 per share during the same quarter last year, which indicates a negative year over year growth rate of 15.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 3rd.

On average, 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 fiscal year, analysts anticipate that the company will report earnings of $3.15 per share, with EPS estimates ranging from $2.91 to $3.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Tuesday, February 16th. The real estate investment trust reported $0.01 EPS for the quarter, missing the 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%.

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

Large investors have recently modified their holdings of the business. Vantage Consulting Group Inc bought a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $38,000. Neo Ivy Capital Management increased its stake in Vornado Realty Trust by 49.6% in the fourth quarter. Neo Ivy Capital Management now owns 1,052 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 349 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Vornado Realty Trust by 36.6% in the fourth quarter. Meeder Asset Management Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 322 shares in the last quarter. Private Capital Group LLC increased 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 in the last quarter. Finally, Ropes Wealth Advisors LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $75,000. 73.68% of the stock is owned by hedge funds and other institutional investors.

Shares of VNO opened at $45.93 on Monday. The company’s fifty day moving average price is $44.96 and its 200 day moving average price is $38.75. Vornado Realty Trust has a one year low of $29.79 and a one year high of $49.50. The company has a debt-to-equity ratio of 1.24, a current ratio of 5.28 and a quick ratio of 5.28. The company has a market capitalization of $8.79 billion, a PE ratio of 158.38 and a beta of 1.48.

The company also recently announced a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Monday, February 1st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 4.62%. The ex-dividend date was Friday, January 29th. Vornado Realty Trust’s payout ratio is presently 60.74%.

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 2019.

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

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