$0.75 EPS Expected for Vornado Realty Trust (NYSE:VNO) This Quarter

Wall Street brokerages expect Vornado Realty Trust (NYSE:VNO) to post earnings of $0.75 per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Vornado Realty Trust’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.67. Vornado Realty Trust posted earnings per share of $0.66 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The company is expected to report its next earnings results on Tuesday, February 15th.

On average, analysts expect that Vornado Realty Trust will report full-year earnings of $2.79 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.90. For the next year, analysts forecast that the business will post earnings of $3.22 per share, with EPS estimates ranging from $3.09 to $3.33. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 1st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.58). Vornado Realty Trust had a positive return on equity of 1.79% and a negative net margin of 3.00%. The company had revenue of $409.21 million during the quarter, compared to the consensus estimate of $380.50 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis.

Several research analysts have recently issued reports on VNO shares. Citigroup raised their price target on Vornado Realty Trust from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 6th. Bank of America upgraded Vornado Realty Trust from an “underperform” rating to a “neutral” rating in a report on Friday, September 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.71.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at about $26,000. Quadrant Capital Group LLC boosted its position in Vornado Realty Trust by 66.1% during the second quarter. Quadrant Capital Group LLC now owns 661 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 263 shares during the last quarter. Federated Hermes Inc. bought a new position in Vornado Realty Trust in the 2nd quarter valued at about $32,000. NEXT Financial Group Inc lifted its position in Vornado Realty Trust by 388.4% in the 3rd quarter. NEXT Financial Group Inc now owns 928 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 738 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in Vornado Realty Trust by 49.0% in the 3rd quarter. MCF Advisors LLC now owns 934 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 307 shares in the last quarter. 68.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:VNO traded up $0.05 during midday trading on Thursday, hitting $44.11. The company had a trading volume of 936,731 shares, compared to its average volume of 1,671,961. Vornado Realty Trust has a 12 month low of $35.02 and a 12 month high of $50.91. The company has a current ratio of 6.70, a quick ratio of 6.70 and a debt-to-equity ratio of 1.60. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of -71.14 and a beta of 1.33. The firm has a fifty day simple moving average of $44.00 and a 200 day simple moving average of $44.62.

The company also recently declared a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Monday, November 8th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Friday, November 5th. Vornado Realty Trust’s dividend payout ratio is -341.93%.

About Vornado Realty Trust

Vornado Realty Trust is a real estate investment trust. The company owns office, retail, merchandise mart properties and other real estate and related investments. Its office properties include various building office complexes and Bank of America Center in San Francisco. The company’s retail properties include shopping centers, regional malls single tenant retail assets.

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

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