Brokerages expect that Vornado Realty Trust (NYSE:VNO) will report $523.52 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Vornado Realty Trust’s earnings, with estimates ranging from $483.00 million to $554.30 million. Vornado Realty Trust reported sales of $638.26 million in the same quarter last year, which indicates a negative year-over-year growth rate of 18%. The firm is expected to report its next quarterly earnings report on Monday, February 12th.

On average, analysts expect that Vornado Realty Trust will report full-year sales of $523.52 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.34 billion. For the next year, analysts anticipate that the business will post sales of $2.11 billion per share, with estimates ranging from $1.92 billion to $2.24 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.09 by $0.90. The firm had revenue of $528.76 million for the quarter, compared to analysts’ expectations of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS.

Several brokerages have recently commented on VNO. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Tuesday, October 17th. TheStreet raised Vornado Realty Trust from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $81.00 to $84.00 in a research report on Tuesday, October 10th. JPMorgan Chase & Co. cut Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a research report on Friday, December 15th. Finally, Barclays reaffirmed a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Hold” and a consensus target price of $91.75.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Vornado Realty Trust by 23.0% during the third quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock worth $558,195,000 after buying an additional 1,352,088 shares in the last quarter. Long Pond Capital LP acquired a new stake in Vornado Realty Trust during the third quarter worth about $64,360,000. American Century Companies Inc. acquired a new stake in Vornado Realty Trust during the third quarter worth about $47,992,000. Numeric Investors LLC grew its position in Vornado Realty Trust by 1,397.9% during the second quarter. Numeric Investors LLC now owns 503,300 shares of the real estate investment trust’s stock worth $47,260,000 after buying an additional 469,700 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Vornado Realty Trust by 136.5% during the second quarter. Renaissance Technologies LLC now owns 567,099 shares of the real estate investment trust’s stock worth $53,251,000 after buying an additional 327,300 shares in the last quarter. Institutional investors and hedge funds own 86.00% of the company’s stock.

Vornado Realty Trust (NYSE:VNO) traded down $0.71 on Tuesday, hitting $71.21. The stock had a trading volume of 953,300 shares, compared to its average volume of 867,610. The company has a market cap of $13,656.02, a price-to-earnings ratio of 17.20, a PEG ratio of 4.33 and a beta of 1.00. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1-year low of $71.14 and a 1-year high of $89.38.

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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.

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

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