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 announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Monday, May 8th will be given a dividend of $0.71 per share on Friday, May 19th. This represents a $2.84 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Thursday, May 4th. View Vornado Realty Trust's Dividend History.

Vornado Realty Trust (NYSE:VNO) released its earnings results on Monday, May, 1st. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.49 by $0.64. The firm earned $620.85 million during the quarter, compared to analysts' expectations of $642 million. Vornado Realty Trust had a net margin of 42.35% and a return on equity of 6.84%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.61) EPS. View Vornado Realty Trust's Earnings History.

Vornado Realty Trust is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Vornado Realty Trust.

8 analysts have issued 12-month target prices for Vornado Realty Trust's stock. Their predictions range from $81.00 to $115.00. On average, they anticipate Vornado Realty Trust's share price to reach $99.00 in the next twelve months. 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 underperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. Also, the second quarter 2017 funds from operations (FFO) per share estimates declined in the last 30 days. In May, Vornado came out with lower-than-expected first-quarter 2017 FFO per share, reflecting a fall in occupancy in the Washington DC portfolio. As part of its portfolio-repositioning efforts, the company is aggressively disposing its assets, which has earnings dilutive effects. Further, stiff competition and hike in interest rates remain its concerns. Nevertheless, Vornado has Class A office assets located in high-rent, high barrier-to-entry markets and a diverse tenant base. Also, strategic acquisitions and divestitures including spin-offs and a decent New York business have the capability to drive long-term growth." (6/14/2017)
• 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), British Land Company PLC (BLND), Liberty Property Trust (LPT), Douglas Emmett (DEI), EPR Properties (EPR), Biomed Realty Trust (BMR), Hammerson plc (HMSO), Dupont Fabros Technology (DFT), SEGRO plc (SGRO), STORE Capital Corporation (STOR), Cousins Properties Incorporated (CUZ) and Intu Properties PLC (INTU).

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

Vornado Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include APG Asset Management US Inc. (2.73%), Bank of Montreal Can (0.12%), National Pension Service (0.08%), Chevy Chase Trust Holdings Inc. (0.08%), Real Estate Management Services LLC (0.04%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Vornado Realty Trust stock include Daniel R Tisch, Joseph Macnow, Mitchell N Schear, Russell B Wight Jr and Russell B Wight, Jr. View Institutional Ownership Trends for Vornado Realty Trust.

Vornado Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including Exxonmobil Investment Management Inc. TX, Nisa Investment Advisors LLC, US Bancorp DE, Aperio Group LLC, Northstar Group Inc., State of Alaska Department of Revenue, Gateway Investment Advisers LLC and Oakbrook Investments LLC. Company insiders that have sold Vornado Realty Trust stock in the last year include Joseph Macnow and Mitchell N Schear. View Insider Buying and Selling for Vornado Realty Trust.

Vornado Realty Trust's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Forsta AP Fonden, Mn Services Vermogensbeheer B.V., Bedrijfstakpensioenfonds Voor DE Media PNO, Quantitative Systematic Strategies LLC, National Pension Service, Denali Advisors LLC and Exane Asset Management. Company insiders that have bought Vornado Realty Trust stock in the last two years include Daniel R Tisch, Russell B Wight Jr and Russell B Wight, Jr. View Insider Buying and Selling for Vornado Realty Trust.

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 $78.69.