Vornado Realty Trust (NYSE:VNO) Issues Earnings Results, Misses Expectations By $0.61 EPS

Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings results on Monday. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61), Zacks reports. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.69%. Vornado Realty Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $42.76 on Wednesday. The stock has a 50-day simple moving average of $38.90 and a 200-day simple moving average of $31.31. The stock has a market capitalization of $8.14 billion, a PE ratio of -147.45 and a beta of 1.64. Vornado Realty Trust has a 1 year low of $19.63 and a 1 year high of $44.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial lifted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Bank of America lifted their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Compass Point increased their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Finally, Piper Sandler reissued a “neutral” rating and issued a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. 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 stock. According to data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and an average price target of $32.80.

Vornado Realty Trust Company Profile

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