Vornado Realty Trust (VNO) to Release Earnings on Monday

Vornado Realty Trust (NYSE:VNO - Get Free Report) will issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.55). The firm had revenue of $441.89 million during the quarter, compared to analysts' expectations of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.72 earnings per share. 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 Stock Performance

Vornado Realty Trust stock traded up $0.73 during trading hours on Monday, reaching $26.99. 1,433,455 shares of the stock were exchanged, compared to its average volume of 2,206,597. The stock has a market cap of $5.14 billion, a P/E ratio of 117.35 and a beta of 1.57. The firm's 50 day moving average is $26.68 and its 200 day moving average is $25.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. Vornado Realty Trust has a 52-week low of $12.31 and a 52-week high of $32.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VNO shares. Evercore ISI reduced their price objective on shares of Vornado Realty Trust from $28.00 to $26.00 and set an "underperform" rating for the company in a research report on Thursday, February 15th. Barclays assumed coverage on Vornado Realty Trust in a research note on Wednesday, March 27th. They issued an "underweight" rating and a $22.00 price target on the stock. Morgan Stanley upgraded Vornado Realty Trust from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Vornado Realty Trust from $24.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, February 22nd. Six research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $24.80.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.