Zacks: Analysts Anticipate Vornado Realty Trust (VNO) Will Announce Earnings of $0.97 Per Share

Equities analysts forecast that Vornado Realty Trust (NYSE:VNO) will announce earnings per share of $0.97 for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Vornado Realty Trust’s earnings. The highest EPS estimate is $1.02 and the lowest is $0.94. Vornado Realty Trust posted earnings per share of $1.35 in the same quarter last year, which suggests a negative year-over-year growth rate of 28.1%. The company is expected to announce its next earnings results on Monday, July 30th.

On average, analysts expect that Vornado Realty Trust will report full-year earnings of $3.77 per share for the current financial year, with EPS estimates ranging from $3.43 to $3.91. For the next year, analysts expect that the business will report earnings of $3.97 per share, with EPS estimates ranging from $3.82 to $4.43. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.04% and a net margin of 7.01%. The company had revenue of $536.23 million during the quarter, compared to analyst estimates of $532.81 million. During the same period in the previous year, the business earned $3.43 EPS. Vornado Realty Trust’s quarterly revenue was up 4.3% on a year-over-year basis.

Several equities research analysts have commented on the company. ValuEngine lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of Vornado Realty Trust in a research note on Monday, April 30th. JPMorgan Chase cut their price objective on Vornado Realty Trust from $92.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. Barclays reiterated a “hold” rating and set a $72.00 price objective on shares of Vornado Realty Trust in a research note on Tuesday, April 17th. Finally, Morgan Stanley cut their price objective on Vornado Realty Trust from $83.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, March 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $85.00.

NYSE:VNO traded down $0.46 during trading hours on Friday, hitting $65.79. 26,990 shares of the stock were exchanged, compared to its average volume of 1,120,964. Vornado Realty Trust has a 52-week low of $66.82 and a 52-week high of $67.92. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $12.67 billion, a P/E ratio of 17.76 and a beta of 0.85.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, May 7th will be given a $0.63 dividend. The ex-dividend date is Friday, May 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.83%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 67.56%.

Several hedge funds have recently bought and sold shares of the company. Global Endowment Management LP raised its position in shares of Vornado Realty Trust by 248.6% during the 4th quarter. Global Endowment Management LP now owns 12,900 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 9,200 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $4,171,000. Teacher Retirement System of Texas bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $3,625,000. Heitman Real Estate Securities LLC boosted its holdings in shares of Vornado Realty Trust by 5.1% in the fourth quarter. Heitman Real Estate Securities LLC now owns 829,993 shares of the real estate investment trust’s stock valued at $64,889,000 after acquiring an additional 40,334 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $304,000. Institutional investors and hedge funds own 88.79% of the company’s stock.

About Vornado Realty Trust

Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. 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.

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

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