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

Vornado Realty Trust (NYSE:VNO) is anticipated to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect Vornado Realty Trust to post earnings of ($0.05) per share and revenue of $447.45 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. 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 Trading Up 1.6 %

Shares of NYSE:VNO opened at $43.24 on Monday. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The company has a market capitalization of $8.24 billion, a P/E ratio of -149.11 and a beta of 1.62. The company has a 50-day simple moving average of $42.24 and a 200 day simple moving average of $38.76.

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.85%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently -255.17%.

Analyst Ratings Changes

VNO has been the topic of a number of recent analyst reports. Compass Point boosted their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Barclays raised their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Evercore ISI upped their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler restated a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Company Profile

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