$0.99 EPS Expected for Vornado Realty Trust (VNO) This Quarter

Wall Street analysts expect Vornado Realty Trust (NYSE:VNO) to announce $0.99 earnings per share for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Vornado Realty Trust’s earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $0.87. Vornado Realty Trust reported earnings per share of $0.91 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The company is expected to announce its next quarterly earnings report on Monday, April 29th.

According to Zacks, analysts expect that Vornado Realty Trust will report full-year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $3.79 to $6.81. For the next financial year, analysts forecast that the business will post earnings of $4.28 per share, with EPS estimates ranging from $3.93 to $5.76. Zacks Investment Research’s EPS averages 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, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.72). The company had revenue of $543.42 million during the quarter, compared to analysts’ expectations of $544.79 million. Vornado Realty Trust had a return on equity of 8.15% and a net margin of 20.22%. During the same quarter in the previous year, the company earned $1.10 EPS.

A number of brokerages have commented on VNO. Barclays restated a “hold” rating and issued a $68.00 price target on shares of Vornado Realty Trust in a research report on Friday, December 21st. Sandler O’Neill cut Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, December 3rd. Finally, JPMorgan Chase & Co. cut Vornado Realty Trust from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $74.00 to $72.00 in a research report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $78.89.

In related news, Director Michael D. Fascitelli sold 126,074 shares of the stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $64.23, for a total transaction of $8,097,733.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.04% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its stake in Vornado Realty Trust by 33.3% during the fourth quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 247 shares during the last quarter. Next Capital Management LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at approximately $64,000. Enlightenment Research LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at approximately $180,000. Federated Investors Inc. PA boosted its stake in Vornado Realty Trust by 22.1% during the third quarter. Federated Investors Inc. PA now owns 2,551 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 461 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Vornado Realty Trust during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 88.79% of the company’s stock.

Shares of VNO opened at $67.44 on Wednesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 3.69 and a beta of 1.11. Vornado Realty Trust has a 52 week low of $59.48 and a 52 week high of $77.59.

About Vornado Realty Trust

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. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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

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