Vornado Realty Trust (VNO) to Release Quarterly Earnings on Monday

Vornado Realty Trust (NYSE:VNO) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The business had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same period last year, the firm earned $0.72 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts expect Vornado Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vornado Realty Trust Stock Up 0.2 %

NYSE VNO opened at $26.23 on Friday. Vornado Realty Trust has a 52 week low of $12.31 and a 52 week high of $32.21. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 1.82. The business’s fifty day simple moving average is $26.71 and its 200-day simple moving average is $25.86. The firm has a market cap of $5.00 billion, a PE ratio of 114.04 and a beta of 1.57.

Analyst Upgrades and Downgrades

VNO has been the topic of several research analyst reports. Evercore ISI reduced their price objective on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th. Barclays initiated coverage on shares of Vornado Realty Trust in a report on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price objective on the stock. Morgan Stanley upgraded shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Thursday, March 28th. Finally, The Goldman Sachs Group reduced their price objective on shares of Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, February 22nd. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $24.80.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.