Vornado Realty Trust (VNO) Set to Announce Quarterly Earnings on Monday
Vornado Realty Trust (NYSE:VNO) will be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.83 per share for the quarter.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. The company had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. On average, analysts expect Vornado Realty Trust to post $4.09 EPS for the current fiscal year and $4.01 EPS for the next fiscal year.
Vornado Realty Trust (NYSE:VNO) opened at 74.50 on Monday. The stock’s 50 day moving average is $76.27 and its 200 day moving average is $76.96. Vornado Realty Trust has a 52 week low of $72.77 and a 52 week high of $111.72. The company has a market capitalization of $14.12 billion, a PE ratio of 16.09 and a beta of 1.00.
A number of equities analysts have recently weighed in on VNO shares. Argus raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Thursday, August 24th. Citigroup Inc. lowered their target price on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 19th. Sandler O’Neill reaffirmed a “buy” rating and set a $90.00 target price on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, October 17th. Finally, Barclays PLC lowered their target price on Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $93.67.
Vornado Realty Trust Company Profile
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.
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.