Analysts Expect Vornado Realty Trust (VNO) Will Post Earnings of $0.96 Per Share

Equities research analysts expect Vornado Realty Trust (NYSE:VNO) to post $0.96 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Vornado Realty Trust’s earnings, with estimates ranging from $0.91 to $1.02. Vornado Realty Trust reported earnings per share of $0.30 in the same quarter last year, which would indicate a positive year-over-year growth rate of 220%. The firm is expected to report its next quarterly earnings results on Monday, February 12th.

On average, analysts expect that Vornado Realty Trust will report full year earnings of $3.92 per share for the current year, with EPS estimates ranging from $3.86 to $3.98. For the next financial year, analysts anticipate that the company will post earnings of $3.92 per share, with EPS estimates ranging from $3.61 to $4.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year.

A number of research firms recently issued reports on VNO. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. Sandler O’Neill restated a “buy” rating and issued a $90.00 price target on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. JPMorgan Chase & Co. downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research note on Friday, December 15th. Barclays restated a “hold” rating and issued a $80.00 price target on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC bought a new stake in Vornado Realty Trust during the 3rd quarter worth $100,000. Sun Life Financial INC grew its position in Vornado Realty Trust by 13,866.7% during the 2nd quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,248 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Vornado Realty Trust by 56.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 718 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Vornado Realty Trust by 56.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 785 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Vornado Realty Trust by 48.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,209 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 719 shares during the last quarter. 86.00% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust (NYSE:VNO) traded up $0.19 during trading hours on Thursday, reaching $77.76. The company’s stock had a trading volume of 422,000 shares, compared to its average volume of 1,138,277. The firm has a market capitalization of $14,730.00, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 4.64 and a beta of 0.99. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1 year low of $71.89 and a 1 year high of $89.38.

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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.

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