Vornado Realty Trust (NYSE:VNO – Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37), Zacks reports. Vornado Realty Trust had a net margin of 5.07% and a return on equity of 3.02%. The firm had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year.
Vornado Realty Trust Trading Down 2.3 %
VNO stock traded down $0.72 during trading on Wednesday, hitting $30.00. The company had a trading volume of 1,993,679 shares, compared to its average volume of 2,013,020. The firm has a 50-day moving average price of $26.71 and a 200-day moving average price of $26.41. Vornado Realty Trust has a 12 month low of $18.36 and a 12 month high of $32.21. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 205.53 and a beta of 1.64.
Insiders Place Their Bets
In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the transaction, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.14% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on VNO
Vornado Realty Trust Company Profile
Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.
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