Vornado Realty Trust Company Profile (NYSE:VNO)

About Vornado Realty Trust (NYSE:VNO)

Vornado Realty Trust logoVornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company's New York segment consisted of 28.3 million square feet in 86 properties. Its properties include 1290 Avenue of the Americas, Two Penn Plaza, 770 Broadway and 90 Park Avenue. As of December 31, 2016, the Company's Washington, DC segment consisted of 58 properties aggregating 14.7 million square feet, including 11.1 million square feet of office space in 44 properties, nine residential properties containing 3,156 units and a hotel property. Its properties include 2001 Jefferson Davis Highway, 223 23rd Street, 2221 South Clark Street and 1700 M Street. The Company's interests in properties are held by the Operating Partnership. As of December 31, 2016, the Company owned the 3.7 million square foot Mart (theMart) in Chicago.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial REITs
  • Sub-Industry: Diversified REITs
  • Symbol: NYSE:VNO
  • CUSIP: 92904210
  • Web: www.vno.com
  • Market Cap: $14.13 billion
  • Outstanding Shares: 189,465,000
Average Prices:
  • 50 Day Moving Avg: $76.26
  • 200 Day Moving Avg: $76.83
  • 52 Week Range: $72.77 - $111.72
  • Trailing P/E Ratio: 16.11
  • Foreward P/E Ratio: 55.65
  • P/E Growth: 2.50
Sales & Book Value:
  • Annual Revenue: $2.7 billion
  • Price / Sales: 5.23
  • Book Value: $31.03 per share
  • Price / Book: 2.40
  • Annual Dividend: $2.40
  • Dividend Yield: 3.2%
  • EBITDA: $1.4 billion
  • Net Margins: 37.96%
  • Return on Equity: 4.51%
  • Return on Assets: 1.39%
  • Debt-to-Equity Ratio: 0.13%
  • Current Ratio: 0.26%
  • Quick Ratio: 0.26%
  • Average Volume: 1.09 million shs.
  • Beta: 1
  • Short Ratio: 2.45

Frequently Asked Questions for Vornado Realty Trust (NYSE:VNO)

What is Vornado Realty Trust's stock symbol?

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

How often does Vornado Realty Trust pay dividends? What is the dividend yield for Vornado Realty Trust?

Vornado Realty Trust announced 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 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, August 3rd. View Vornado Realty Trust's Dividend History.

How were Vornado Realty Trust's earnings last quarter?

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

When will Vornado Realty Trust make its next earnings announcement?

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

Where is Vornado Realty Trust's stock going? Where will Vornado Realty Trust's stock price be in 2017?

10 brokers have issued 12-month price targets for Vornado Realty Trust's shares. Their predictions range from $77.00 to $115.00. On average, they expect Vornado Realty Trust's share price to reach $92.40 in the next year. View Analyst Ratings for Vornado Realty Trust.

What are analysts saying about Vornado Realty Trust stock?

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

  • 1. According to Zacks Investment Research, "Vornado has recently announced the extension of one of the two $1.25-billion revolving credit facilities. The extended credit facility will improve the company’s liquidity position. 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, Vornado 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. Moreover, the company’s shares have underperformed its industry in the past three months." (10/23/2017)
  • 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)

Who are some of Vornado Realty Trust's key competitors?

Who are Vornado Realty Trust's key executives?

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

Who owns Vornado Realty Trust stock?

Vornado Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include NORGES BANK (5.11%), PGGM Investments (0.58%), Strs Ohio (0.12%), Loeb Partners Corp (0.03%), State Treasurer State of Michigan (0.03%) and Nationwide Fund Advisors (0.03%). Company insiders that own Vornado Realty Trust stock include Daniel R Tisch, Joseph Macnow, Mitchell N Schear and Russell B Wight, Jr. View Institutional Ownership Trends for Vornado Realty Trust.

Who sold Vornado Realty Trust stock? Who is selling Vornado Realty Trust stock?

Vornado Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Denali Advisors LLC, Robeco Institutional Asset Management B.V., Nationwide Fund Advisors, Loeb Partners Corp, State Treasurer State of Michigan and Strs Ohio. 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.

Who bought Vornado Realty Trust stock? Who is buying Vornado Realty Trust stock?

Vornado Realty Trust's stock was acquired by a variety of institutional investors in the last quarter, including Shell Asset Management Co. and Quantitative Systematic Strategies LLC. Company insiders that have bought Vornado Realty Trust stock in the last two years include Daniel R Tisch and Russell B Wight, Jr. View Insider Buying and Selling for Vornado Realty Trust.

How do I buy Vornado Realty Trust stock?

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.

What is Vornado Realty Trust's stock price today?

One share of Vornado Realty Trust stock can currently be purchased for approximately $74.57.

MarketBeat Community Rating for Vornado Realty Trust (NYSE VNO)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  235 (Vote Outperform)
Underperform Votes:  269 (Vote Underperform)
Total Votes:  504
MarketBeat's community ratings are surveys of what our community members think about Vornado Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Vornado Realty Trust (NYSE:VNO) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $92.40 (23.91% upside)
Consensus Price Target History for Vornado Realty Trust (NYSE:VNO)
Price Target History for Vornado Realty Trust (NYSE:VNO)
Analysts' Ratings History for Vornado Realty Trust (NYSE:VNO)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Barclays PLCReiterated RatingHold$80.00N/AView Rating Details
10/10/2017Morgan StanleyUpgradeEqual Weight -> Overweight$81.00 -> $84.00N/AView Rating Details
9/26/2017Sandler O'NeillReiterated RatingBuy$90.00LowView Rating Details
8/30/2017Stifel NicolausDowngradeBuy -> Hold$86.00 -> $77.00LowView Rating Details
8/24/2017ArgusUpgradeHold -> Buy$83.00LowView Rating Details
8/2/2017Evercore ISIReiterated RatingOutperform$86.00 -> $87.00MediumView Rating Details
7/19/2017Citigroup Inc.Lower Price TargetBuy$96.17 -> $92.00HighView Rating Details
6/22/2017Bank of America CorporationReiterated RatingBuy$112.00 -> $113.00LowView Rating Details
5/25/2017Deutsche Bank AGLower Price TargetHold$105.00 -> $103.00LowView Rating Details
11/30/2016J P Morgan Chase & CoBoost Price TargetOverweight$110.00 -> $115.00N/AView Rating Details
4/12/2016Credit Suisse GroupUpgradeNeutral -> Outperform$108.00N/AView Rating Details
(Data available from 10/24/2015 forward)


Earnings History for Vornado Realty Trust (NYSE:VNO)
Earnings by Quarter for Vornado Realty Trust (NYSE:VNO)
Earnings History by Quarter for Vornado Realty Trust (NYSE VNO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.83N/AView Earnings Details
7/31/2017Q2 2017$1.26$1.35$633.19 million$626.04 millionViewN/AView Earnings Details
5/1/2017Q1 2017$0.49$1.13$642.00 million$620.85 millionViewListenView Earnings Details
2/13/2017Q416$1.31$1.13$637.56 million$638.26 millionViewN/AView Earnings Details
10/31/2016Q316$1.27$1.24$631.60 million$633.20 millionViewN/AView Earnings Details
8/1/2016Q2$1.27$1.21$621.30 million$621.71 millionViewN/AView Earnings Details
5/2/2016Q1$1.22$1.08$642.38 million$613.04 millionViewN/AView Earnings Details
2/16/2016Q415$1.29$1.37$641.23 million$651.60 millionViewListenView Earnings Details
11/2/2015Q3$1.26$1.25$630.13 million$627.60 millionViewN/AView Earnings Details
8/3/2015Q215$1.23$1.71$614.56 million$616.28 millionViewN/AView Earnings Details
5/4/2015Q115$1.19$1.16$624.60 million$606.80 millionViewN/AView Earnings Details
2/18/2015Q414$1.23$1.36$677.44 million$679.10 millionViewN/AView Earnings Details
11/21/2014$1.15$1.31ViewN/AView Earnings Details
11/3/2014Q314$1.15$1.15$666.60 million$670.90 millionViewN/AView Earnings Details
8/4/2014Q214$1.12$1.15$668.27 million$666.61 millionViewN/AView Earnings Details
5/5/2014Q114$1.27$1.20$670.58 million$660.60 millionViewN/AView Earnings Details
2/24/2014Q413$0.29($0.37)$665.70 million$673.31 millionViewListenView Earnings Details
11/5/2013Q313$1.10$1.12$665.71 million$683.40 millionViewListenView Earnings Details
8/5/2013Q213$1.19$1.25$673.35 million$685.86 millionViewN/AView Earnings Details
5/7/2013Q1 13$1.88$1.14$649.84 million$721.02 millionViewListenView Earnings Details
2/27/2013Q412$1.17$1.22$623.31 million$697.65 millionViewListenView Earnings Details
11/1/2012Q312$1.14$1.14$659.00 million$710.98 millionViewN/AView Earnings Details
8/6/2012$0.96$1.13ViewN/AView Earnings Details
5/7/2012$1.74$1.81ViewN/AView Earnings Details
11/3/2011$1.15$1.20ViewN/AView Earnings Details
8/1/2011$1.16$1.27ViewN/AView Earnings Details
5/3/2011$2.00$2.12ViewN/AView Earnings Details
2/23/2011$1.09$1.17ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Vornado Realty Trust (NYSE:VNO)
2017 EPS Consensus Estimate: $4.48
2018 EPS Consensus Estimate: $3.92
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.27$1.27$1.27
Q2 20171$1.28$1.28$1.28
Q3 20171$0.98$0.98$0.98
Q4 20171$0.95$0.95$0.95
Q1 20181$0.92$0.92$0.92
Q2 20181$1.00$1.00$1.00
Q3 20181$1.00$1.00$1.00
Q4 20181$1.00$1.00$1.00
(Data provided by Zacks Investment Research)


Current Dividend Information for Vornado Realty Trust (NYSE:VNO)
Most Recent Dividend:8/18/2017
Annual Dividend:$2.40
Dividend Yield:3.22%
Dividend Growth:-4.80% (3 Year Average)
Payout Ratio:51.72% (Trailing 12 Months of Earnings)
192.00% (Based on This Year's Estimates)
179.10% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Vornado Realty Trust (NYSE:VNO)

Dividend History by Quarter for Vornado Realty Trust (NYSE VNO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Vornado Realty Trust (NYSE:VNO)
Insider Ownership Percentage: 9.72%
Institutional Ownership Percentage: 85.94%
Insider Trades by Quarter for Vornado Realty Trust (NYSE:VNO)
Institutional Ownership by Quarter for Vornado Realty Trust (NYSE:VNO)
Insider Trades by Quarter for Vornado Realty Trust (NYSE:VNO)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/29/2016Mitchell N. SchearInsiderSell15,000$102.64$1,539,600.00View SEC Filing  
12/8/2016Joseph MacnowEVPSell40,000$102.98$4,119,200.00View SEC Filing  
11/2/2016Daniel R. TischDirectorBuy50,000$88.53$4,426,500.00View SEC Filing  
8/17/2016Russell B. Wight, Jr.DirectorBuy2,000$102.53$205,060.00View SEC Filing  
9/22/2015Joseph MacnowEVPSell4,500$25.08$112,860.00View SEC Filing  
8/24/2015Russell B Wight JrDirectorBuy2,000$88.20$176,400.00View SEC Filing  
1/7/2015Joseph MacnowEVPSell30,663$121.64$3,729,847.32View SEC Filing  
12/22/2014Mitchell N SchearInsiderSell25,000$117.16$2,929,000.00View SEC Filing  
11/19/2014Richard R WestDirectorSell26,000$25.55$664,300.00View SEC Filing  
10/10/2014Michael D FascitelliDirectorSell400,000$101.39$40,556,000.00View SEC Filing  
9/17/2014Robert MinutoliEVPBuy1,000$103.78$103,780.00View SEC Filing  
8/6/2014Robert MinutoliEVPBuy1,000$105.19$105,190.00View SEC Filing  
5/21/2014Robert MinutoliEVPBuy1,000$105.11$105,110.00View SEC Filing  
5/14/2014Joseph MacnowEVPSell72,321$105.76$7,648,668.96View SEC Filing  
5/8/2014Robert MinutoliEVPBuy1,000$105.04$105,040.00View SEC Filing  
3/3/2014Robert MinutoliEVPBuy2,000$96.65$193,300.00View SEC Filing  
1/10/2014Mitchell SchearInsiderSell25,000$91.26$2,281,500.00View SEC Filing  
12/10/2013Wendy SilversteinEVPSell15,819$90.69$1,434,625.11View SEC Filing  
6/10/2013Stephen W TheriotCFOBuy3,100$81.39$252,309.00View SEC Filing  
4/4/2013Russell B Wight JrDirectorSell10,000$84.90$849,000.00View SEC Filing  
8/10/2012Daniel R TischDirectorBuy5,000$79.93$399,650.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Vornado Realty Trust (NYSE:VNO)
Latest Headlines for Vornado Realty Trust (NYSE:VNO)
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Vornado Realty Trust (VNO) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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