Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04, Yahoo Finance reports. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same quarter in the prior year, the company posted $3.43 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.
Vornado Realty Trust (NYSE VNO) traded down $0.59 during midday trading on Tuesday, reaching $67.01. The company’s stock had a trading volume of 389,841 shares, compared to its average volume of 1,254,060. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $12,852.84, a P/E ratio of 16.33, a PEG ratio of 4.08 and a beta of 0.86. Vornado Realty Trust has a 12-month low of $65.49 and a 12-month high of $89.38.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, January 26th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s payout ratio is presently 60.87%.
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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.
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