Vornado Realty Trust (VNO) Posts Earnings Results, Beats Expectations By $0.90 EPS
Vornado Realty Trust (NYSE:VNO) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.90, Bloomberg Earnings reports. The firm had revenue of $528.76 million for the quarter, compared to analyst estimates of $545.53 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 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.
Vornado Realty Trust (VNO) opened at 72.38 on Tuesday. The firm has a market cap of $13.71 billion, a P/E ratio of 15.63 and a beta of 1.00. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $111.72. The firm has a 50 day moving average of $76.05 and a 200-day moving average of $76.49.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.32%. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 51.72%.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/30/vornado-realty-trust-vno-announces-earnings-results.html.
Several equities research analysts have commented on the stock. Barclays PLC lowered their price target 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. Evercore ISI raised shares of Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 price target on the stock in a report on Monday, July 10th. BidaskClub lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Tuesday, October 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $81.00 price target on shares of Vornado Realty Trust in a report on Saturday, July 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price 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.