What is Zacks Research's Forecast for VNO Q3 Earnings?

Key Points

• Zacks Research raised its Q3 2026 earnings per share (EPS) estimate for Vornado Realty Trust to $0.58, up from a previous forecast of $0.56.
• Vornado Realty Trust reported $0.56 EPS for the last quarter, exceeding analysts' estimates, but its revenue of $441.44 million fell short of the $468.79 million expected.
• The company's stock has seen price target adjustments from various analysts, with a consensus rating of "Hold" and an average target price of $37.80.

Vornado Realty Trust (NYSE:VNO - Free Report) - Analysts at Zacks Research lifted their Q3 2026 EPS estimates for shares of Vornado Realty Trust in a report issued on Monday, August 18th. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings of $0.58 per share for the quarter, up from their previous forecast of $0.56. The consensus estimate for Vornado Realty Trust's current full-year earnings is $2.31 per share. Zacks Research also issued estimates for Vornado Realty Trust's FY2026 earnings at $2.36 EPS, Q1 2027 earnings at $0.62 EPS and FY2027 earnings at $2.61 EPS.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $441.44 million during the quarter, compared to analysts' expectations of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share.

Other equities analysts have also recently issued research reports about the company. Scotiabank upped their price target on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Evercore ISI dropped their price target on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Barclays upped their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday. Finally, Truist Financial lifted their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $38.22.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO traded up $1.8420 during trading on Wednesday, reaching $38.0120. 3,113,616 shares of the company's stock traded hands, compared to its average volume of 1,477,554. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a 50-day simple moving average of $38.29 and a 200-day simple moving average of $38.15. The firm has a market cap of $7.30 billion, a PE ratio of 9.41, a P/E/G ratio of 13.05 and a beta of 1.56.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in VNO. Twin Tree Management LP boosted its stake in Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock worth $29,000 after buying an additional 38,585 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 523 shares during the period. Assetmark Inc. raised its stake in Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 347 shares during the period. Friedenthal Financial acquired a new position in Vornado Realty Trust in the 1st quarter valued at about $75,000. Finally, Quarry LP grew its stake in shares of Vornado Realty Trust by 55.4% in the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 761 shares during the period. Institutional investors and hedge funds own 90.02% of the company's stock.

Insider Buying and Selling at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.42% of the company's stock.

About Vornado Realty Trust

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