Vornado Realty Trust (VNO) Expected to Post Earnings of $0.88 Per Share
Equities analysts predict that Vornado Realty Trust (NYSE:VNO) will announce earnings per share of $0.88 for the current quarter, according to Zacks. Eight analysts have issued estimates for Vornado Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.97. Vornado Realty Trust reported earnings of $1.08 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.5%. The firm is expected to report its next earnings results after the market closes on Monday, April 30th.
On average, analysts expect that Vornado Realty Trust will report full-year earnings of $3.85 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $4.02. For the next fiscal year, analysts expect that the firm will report earnings of $3.97 per share, with EPS estimates ranging from $3.88 to $4.10. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $536.23 million during the quarter, compared to analyst estimates of $532.81 million. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $3.43 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in VNO. Bank of New York Mellon Corp lifted its holdings in Vornado Realty Trust by 49.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,668,962 shares of the real estate investment trust’s stock valued at $286,841,000 after buying an additional 1,211,798 shares in the last quarter. Long Pond Capital LP lifted its holdings in Vornado Realty Trust by 57.6% during the 4th quarter. Long Pond Capital LP now owns 1,319,340 shares of the real estate investment trust’s stock valued at $103,146,000 after buying an additional 482,190 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Vornado Realty Trust by 1,186.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 208,412 shares of the real estate investment trust’s stock valued at $16,293,000 after buying an additional 192,212 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Vornado Realty Trust by 4.4% during the 4th quarter. Franklin Resources Inc. now owns 4,000,880 shares of the real estate investment trust’s stock valued at $312,788,000 after buying an additional 169,835 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Vornado Realty Trust by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 2,175,657 shares of the real estate investment trust’s stock valued at $169,792,000 after buying an additional 113,478 shares in the last quarter. Institutional investors own 88.80% of the company’s stock.
Shares of Vornado Realty Trust stock traded up $0.75 during trading on Monday, hitting $67.25. The stock had a trading volume of 669,513 shares, compared to its average volume of 1,180,553. The firm has a market capitalization of $12,633.93, a PE ratio of 18.03 and a beta of 0.86. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 12 month low of $64.13 and a 12 month high of $82.68.
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About Vornado Realty Trust
Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.
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