Vornado Realty Trust Company Profile (NYSE:VNO)

Vornado Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "VNO."

Vornado Realty Trust declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.60 per share on Friday, August 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, August 3rd. View Vornado Realty Trust's Dividend History.

Vornado Realty Trust (NYSE:VNO) issued its earnings results on Monday, July, 31st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.26 by $0.09. The firm had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. Vornado Realty Trust's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. View Vornado Realty Trust's Earnings History.

Vornado Realty Trust is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Vornado Realty Trust.

10 brokerages have issued 1 year price targets for Vornado Realty Trust's shares. Their forecasts range from $77.00 to $115.00. On average, they anticipate Vornado Realty Trust's share price to reach $94.70 in the next year. View Analyst Ratings for Vornado Realty Trust.

Here are some recent quotes from research analysts about Vornado Realty Trust stock:

• 1. According to Zacks Investment Research, "Shares of Vornado have outperformed its industry in the past three months. The company’s premium assets in high-rent, high barrier-to-entry markets and a diverse tenant base are likely to drive its growth. In a bid to improve its core business operations, the company has been aggressively disposing its non-strategic assets. In July, it completed the spin-off of its Washington, DC business. This made Vornado a New York-based office and retail REIT. The streamlining efforts are a strategic fit and are expected to propel growth over the long-term. However, the earnings dilutive impact cannot be bypassed in the near term. Further, stiff competition and hike in interest rates remain concerns." (10/17/2017)
• 2. Evercore ISI analysts commented, "We are updating our NAV est for VNO following several media reports last week on the 666 5th Avenue office condo which is 49.5% owned by VNO with the balance owned by the Kushner Companies. The asset is not stabilized, we do not believe is being re-leased as office, and has long been a candidate for redevelopment into residential/mixed use. Based on our updated valuation for the asset ($2.85bn as-is before construction costs), our NAV and forward NAV/sh ests increased just under +2% which drives a $1/sh increase in our PT to $114. VNO notably fell -4% last week, underperforming the office sector by 320bp and all REITs by 430bp." (3/27/2017)
• 3. UBS AG analysts commented, "We think the disclosures today provide a clearer road map as to how shareholders could benefit from the spin-merger of Vornado's Washington DC business into the new entity JBG Smith, targeted for 2Q17. Pro-forma Vornado will become a purer play on the NYC market at a time when sentiment is increasing for office leasing. We still have questions about where JBG will ultimately be valued (particularly how much credit the land pipeline will get), but on paper the spin appears to unlock some hidden value." (1/25/2017)
• 4. J P Morgan Chase & Co analysts commented, "We updated our VNO model and are lowering our 2016 and 2017 FFO estimates to account for the 3Q miss and a lower GAAP NOI run-rate coming out of the quarter. Note that our estimates do not strip out VNO’s planned DC spin-merger with JBG, which is expected to close in 2Q’17; we chose this approach so as to keep earnings multiples relevant until shares of the spin are distributed." (11/30/2016)

Some companies that are related to Vornado Realty Trust include Digital Realty Trust (DLR), Realty Income Corporation (O), Alexandria Real Estate Equities (ARE), Federal Realty Investment Trust (FRT), VEREIT (VER), Land Securities Group plc (LAND), Kilroy Realty Corporation (KRC), Douglas Emmett (DEI), British Land Company PLC (BLND), Liberty Property Trust (LPT), EPR Properties (EPR), DuPont Fabros Technology (DFT), SEGRO plc (SGRO), STORE Capital Corporation (STOR), Biomed Realty Trust (BMR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ) and PS Business Parks (PSB).

Vornado Realty Trust's management team includes the folowing people:

• Steven Roth, Chairman of the Board of Trustees, Chief Executive Officer
• Joseph Macnow, Interim Chief Financial Officer, Executive Vice President - Finance, Chief Administrative Officer
• David R. Greenbaum, President - New York City Office Division
• Mitchell N. Schear, President - Vornado/Charles E. Smith L.P.
• Matthew Iocco CPA, Executive Vice President, Chief Accounting Officer, Principal Accounting Officer
• Michael J. Franco, Executive Vice President, Chief Investment Officer
• Candace K. Beinecke, Lead Independent Trustee
• Michael D. Fascitelli, Trustee
• Robert P. Kogod, Independent Trustee
• Michael Lynne, Independent Trustee

Shares of Vornado Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Vornado Realty Trust stock can currently be purchased for approximately $78.28.