Analysts expect that Vornado Realty Trust (NYSE:VNO) will post sales of $543.17 million for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Vornado Realty Trust’s earnings, with estimates ranging from $523.12 million to $594.30 million. Vornado Realty Trust reported sales of $528.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 29th.

On average, analysts expect that Vornado Realty Trust will report full-year sales of $2.16 billion for the current year, with estimates ranging from $2.12 billion to $2.22 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.21 billion per share, with estimates ranging from $2.14 billion to $2.32 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a net margin of 6.91% and a return on equity of 5.16%. The company had revenue of $541.80 million during the quarter, compared to analyst estimates of $539.78 million. During the same quarter last year, the business posted $1.25 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis.

VNO has been the subject of several research reports. SunTrust Banks lifted their target price on shares of Vornado Realty Trust to $81.00 and gave the company an “average” rating in a report on Wednesday, June 27th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a report on Monday, July 30th. Argus lifted their target price on shares of Vornado Realty Trust from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 3rd. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Deutsche Bank dropped their target price on shares of Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, June 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $80.44.

A number of hedge funds have recently modified their holdings of VNO. Point72 Hong Kong Ltd purchased a new position in Vornado Realty Trust in the 2nd quarter valued at approximately $122,000. Federated Investors Inc. PA boosted its position in Vornado Realty Trust by 5,125.0% in the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 2,050 shares during the period. Linscomb & Williams Inc. purchased a new position in Vornado Realty Trust in the 2nd quarter valued at approximately $211,000. Quantum Capital Management purchased a new position in Vornado Realty Trust in the 2nd quarter valued at approximately $213,000. Finally, Fieldpoint Private Securities LLC boosted its position in Vornado Realty Trust by 95.5% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 3,225 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 1,575 shares during the period. 79.04% of the stock is owned by institutional investors.

Vornado Realty Trust stock traded down $0.53 during trading on Thursday, hitting $74.72. The company had a trading volume of 713,800 shares, compared to its average volume of 1,026,553. Vornado Realty Trust has a 1-year low of $64.13 and a 1-year high of $80.30. The company has a debt-to-equity ratio of 2.41, a quick ratio of 5.62 and a current ratio of 5.62. The company has a market capitalization of $14.27 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 9.00 and a beta of 0.90.

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 2017.

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Earnings History and Estimates for Vornado Realty Trust (NYSE:VNO)

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