SunTrust Banks Comments on Vornado Realty Trust’s Q3 2017 Earnings (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO) – Stock analysts at SunTrust Banks cut their Q3 2017 earnings per share estimates for shares of Vornado Realty Trust in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $0.75 per share for the quarter, down from their previous estimate of $1.34. SunTrust Banks also issued estimates for Vornado Realty Trust’s Q4 2017 earnings at $0.95 EPS, FY2017 earnings at $4.06 EPS, Q1 2018 earnings at $0.92 EPS, Q2 2018 earnings at $1.00 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.00 EPS, FY2018 earnings at $3.91 EPS, FY2019 earnings at $4.18 EPS, FY2020 earnings at $4.60 EPS and FY2021 earnings at $4.92 EPS.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.49 by $0.64. The company had revenue of $620.85 million for the quarter, compared to analyst estimates of $642 million. Vornado Realty Trust had a net margin of 42.35% and a return on equity of 6.84%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.61) EPS.

TRADEMARK VIOLATION NOTICE: This news story was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://baseballnewssource.com/markets/suntrust-banks-comments-on-vornado-realty-trusts-q3-2017-earnings-nysevno-updated-updated-updated/1254426.html.

A number of other research analysts have also issued reports on VNO. Evercore ISI lifted their target price on Vornado Realty Trust from $113.00 to $114.00 and gave the stock an “in-line” rating in a report on Monday, March 27th. Barclays PLC increased their price target on Vornado Realty Trust from $101.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 28th. Deutsche Bank AG decreased their price target on Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. BidaskClub upgraded Vornado Realty Trust from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price target (down previously from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $102.38.

Shares of Vornado Realty Trust (NYSE:VNO) opened at 78.69 on Thursday. Vornado Realty Trust has a 12 month low of $69.81 and a 12 month high of $90.32. The firm’s 50 day moving average is $76.18 and its 200 day moving average is $81.05. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 15.20 and a beta of 0.96.

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Vornado Realty Trust by 1.9% in the first quarter. Vanguard Group Inc. now owns 24,521,890 shares of the real estate investment trust’s stock worth $2,459,792,000 after buying an additional 457,208 shares during the last quarter. BlackRock Inc. raised its stake in shares of Vornado Realty Trust by 2,605.3% in the first quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock worth $1,598,235,000 after buying an additional 15,344,015 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Vornado Realty Trust by 14.2% in the first quarter. Daiwa Securities Group Inc. now owns 4,693,340 shares of the real estate investment trust’s stock worth $470,789,000 after buying an additional 582,843 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vornado Realty Trust by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 4,584,977 shares of the real estate investment trust’s stock worth $459,920,000 after buying an additional 367,657 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Vornado Realty Trust by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 4,053,337 shares of the real estate investment trust’s stock worth $406,591,000 after buying an additional 260,216 shares during the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.

About Vornado Realty Trust

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 & 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 companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.