What is Zacks Research’s Estimate for VNO FY2024 Earnings?

Vornado Realty Trust (NYSE:VNO) – Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for Vornado Realty Trust in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $2.13 for the year, down from their prior forecast of $2.14. The consensus estimate for Vornado Realty Trust’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Vornado Realty Trust’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.07 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.56 EPS, Q3 2026 earnings at $0.57 EPS and FY2026 earnings at $2.29 EPS.

Other analysts have also recently issued reports about the company. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Barclays lifted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Scotiabank lifted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Bank of America lifted their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Down 0.8 %

Vornado Realty Trust stock opened at $40.29 on Monday. Vornado Realty Trust has a 1-year low of $21.16 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The stock has a market cap of $7.68 billion, a PE ratio of -138.97 and a beta of 1.64. The stock’s fifty day moving average is $40.41 and its two-hundred day moving average is $32.26.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors have recently added to or reduced their stakes in VNO. Principal Financial Group Inc. boosted its holdings in Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Bamco Inc. NY purchased a new stake in Vornado Realty Trust in the 3rd quarter valued at approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after purchasing an additional 955,071 shares in the last quarter. Heitman Real Estate Securities LLC boosted its holdings in Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after purchasing an additional 947,562 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Vornado Realty Trust by 2,229.1% in the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock valued at $22,502,000 after purchasing an additional 818,838 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.