Equities analysts expect that Vornado Realty Trust (NYSE:VNO) will report sales of $542.58 million for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Vornado Realty Trust’s earnings, with the highest sales estimate coming in at $556.79 million and the lowest estimate coming in at $516.59 million. Vornado Realty Trust posted sales of $536.23 million during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings report on Monday, February 11th.

On average, analysts expect that Vornado Realty Trust will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.02 billion to $2.22 billion. For the next financial year, analysts expect that the firm will post sales of $2.21 billion, with estimates ranging from $2.13 billion to $2.28 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Vornado Realty Trust.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Vornado Realty Trust had a net margin of 16.89% and a return on equity of 8.55%. The company had revenue of $542.05 million for the quarter, compared to analyst estimates of $544.62 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Vornado Realty Trust’s revenue was up 2.5% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. SunTrust Banks reiterated a “buy” rating and set a $85.00 price target on shares of Vornado Realty Trust in a research report on Thursday, August 16th. Zacks Investment Research cut shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Scotiabank assumed coverage on shares of Vornado Realty Trust in a research report on Tuesday, October 16th. They set an “underperform” rating for the company. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Vornado Realty Trust in a research report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Vornado Realty Trust has an average rating of “Hold” and an average target price of $79.80.

Shares of VNO opened at $70.06 on Friday. Vornado Realty Trust has a 1-year low of $64.13 and a 1-year high of $79.56. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 4.58 and a beta of 0.90. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.36.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, November 2nd. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 67.56%.

Several hedge funds have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Vornado Realty Trust by 78.2% in the third quarter. FMR LLC now owns 211,099 shares of the real estate investment trust’s stock valued at $15,411,000 after purchasing an additional 92,640 shares in the last quarter. FIL Ltd grew its holdings in shares of Vornado Realty Trust by 1.5% in the third quarter. FIL Ltd now owns 226,714 shares of the real estate investment trust’s stock valued at $16,550,000 after purchasing an additional 3,248 shares in the last quarter. American International Group Inc. grew its holdings in shares of Vornado Realty Trust by 5.0% in the third quarter. American International Group Inc. now owns 76,458 shares of the real estate investment trust’s stock valued at $5,581,000 after purchasing an additional 3,666 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Vornado Realty Trust by 1.4% in the third quarter. BlackRock Inc. now owns 16,878,803 shares of the real estate investment trust’s stock valued at $1,232,153,000 after purchasing an additional 231,754 shares in the last quarter. Finally, Third Avenue Management LLC grew its holdings in shares of Vornado Realty Trust by 0.3% in the third quarter. Third Avenue Management LLC now owns 835,693 shares of the real estate investment trust’s stock valued at $61,006,000 after purchasing an additional 2,263 shares in the last quarter. Hedge funds and other institutional investors own 79.02% of the company’s stock.

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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