Vornado Realty Trust (NYSE:VNO) will be announcing its earnings results after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). Vornado Realty Trust had a return on equity of 2.96% and a net margin of 161.97%. The company had revenue of $444.50 million during the quarter, compared to the consensus estimate of $432.86 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, analysts expect Vornado Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:VNO opened at $34.52 on Friday. Vornado Realty Trust has a 12-month low of $27.64 and a 12-month high of $68.68. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $6.60 billion, a P/E ratio of 2.26, a P/E/G ratio of 3.86 and a beta of 1.40. The stock’s fifty day simple moving average is $37.45 and its 200-day simple moving average is $45.51.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Monday, August 10th will be given a $0.53 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.12 annualized dividend and a dividend yield of 6.14%. Vornado Realty Trust’s dividend payout ratio is currently 75.64%.
Several research analysts have recently issued reports on VNO shares. ValuEngine upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Citigroup downgraded Vornado Realty Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $73.00 to $35.00 in a research note on Tuesday, April 7th. Piper Sandler dropped their price objective on Vornado Realty Trust from $67.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Stifel Nicolaus downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research note on Tuesday, May 5th. Finally, Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating and set a $36.00 price objective on the stock. in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.33.
Vornado Realty Trust Company Profile
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. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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