Equities analysts predict that Vornado Realty Trust (NYSE:VNO) will post $537.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Vornado Realty Trust’s earnings. The lowest sales estimate is $515.69 million and the highest is $572.17 million. Vornado Realty Trust reported sales of $541.82 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.9%. The business is scheduled to issue its next earnings results on Monday, July 29th.
On average, analysts expect that Vornado Realty Trust will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $2.07 billion to $2.29 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.19 billion, with estimates ranging from $2.06 billion to $2.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.78). The company had revenue of $534.67 million during the quarter, compared to analysts’ expectations of $583.32 million. Vornado Realty Trust had a net margin of 28.76% and a return on equity of 10.19%. Vornado Realty Trust’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share.
Several hedge funds have recently made changes to their positions in the stock. Utah Retirement Systems grew its holdings in shares of Vornado Realty Trust by 0.4% in the fourth quarter. Utah Retirement Systems now owns 44,940 shares of the real estate investment trust’s stock valued at $2,789,000 after purchasing an additional 200 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Vornado Realty Trust by 5.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,390 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 224 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Vornado Realty Trust by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 26,175 shares of the real estate investment trust’s stock worth $1,624,000 after acquiring an additional 225 shares in the last quarter. Bessemer Group Inc. grew its holdings in Vornado Realty Trust by 33.3% during the 4th quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 247 shares in the last quarter. Finally, Tredje AP fonden grew its holdings in Vornado Realty Trust by 2.4% during the 4th quarter. Tredje AP fonden now owns 10,569 shares of the real estate investment trust’s stock worth $656,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 86.02% of the company’s stock.
Shares of Vornado Realty Trust stock traded down $0.36 on Tuesday, reaching $66.70. The company had a trading volume of 35,899 shares, compared to its average volume of 1,203,151. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 3.48 and a beta of 1.10. Vornado Realty Trust has a 52-week low of $59.48 and a 52-week high of $77.59. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.93 and a current ratio of 3.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Friday, May 3rd. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 70.21%.
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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