Vornado Realty Trust (NYSE:VNO) – Research analysts at SunTrust Banks lifted their Q3 2017 EPS estimates for shares of Vornado Realty Trust in a report released on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $0.98 per share for the quarter, up from their prior forecast of $0.79. SunTrust Banks also issued estimates for Vornado Realty Trust’s FY2017 earnings at $4.37 EPS.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The firm had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year.

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A number of other research firms also recently issued reports on VNO. Barclays PLC cut their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $95.00 price objective (down from $111.00) on shares of Vornado Realty Trust in a report on Tuesday, June 13th. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Evercore ISI raised shares of Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 price objective on the stock in a report on Monday, July 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $113.00 price objective (up from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Vornado Realty Trust currently has an average rating of “Buy” and a consensus price target of $96.27.

Shares of Vornado Realty Trust (NYSE:VNO) opened at 78.93 on Wednesday. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 17.05 and a beta of 1.00. The firm’s 50-day moving average is $75.45 and its 200 day moving average is $77.09. Vornado Realty Trust has a 52-week low of $69.81 and a 52-week high of $90.32.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNO. Stifel Financial Corp raised its stake in shares of Vornado Realty Trust by 2.2% during the 1st quarter. Stifel Financial Corp now owns 18,140 shares of the real estate investment trust’s stock worth $1,819,000 after purchasing an additional 382 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Vornado Realty Trust by 1.6% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,550 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 90 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Vornado Realty Trust by 16.8% during the 1st quarter. OppenheimerFunds Inc. now owns 3,338 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 480 shares during the period. Teachers Advisors LLC raised its stake in shares of Vornado Realty Trust by 77.7% during the 1st quarter. Teachers Advisors LLC now owns 497,457 shares of the real estate investment trust’s stock worth $49,900,000 after purchasing an additional 217,577 shares during the period. Finally, Cleararc Capital Inc. raised its stake in shares of Vornado Realty Trust by 0.8% during the 1st quarter. Cleararc Capital Inc. now owns 4,198 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 35 shares during the period. Institutional investors own 85.95% of the company’s stock.

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.

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

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