Vornado Realty Trust (NYSE:VNO) Announces Earnings Results, Misses Estimates By $0.61 EPS

Vornado Realty Trust (NYSE:VNO) issued its earnings results on Monday. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61), Zacks reports. The company had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share.

Vornado Realty Trust Stock Up 1.1 %

Shares of NYSE:VNO traded up $0.48 during trading on Tuesday, hitting $42.40. 1,316,157 shares of the company were exchanged, compared to its average volume of 2,022,868. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The firm’s 50 day moving average price is $38.73 and its 200-day moving average price is $31.19. The stock has a market capitalization of $8.08 billion, a P/E ratio of 465.78 and a beta of 1.64. Vornado Realty Trust has a 12-month low of $19.63 and a 12-month high of $44.05.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VNO. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Saturday, July 20th. Scotiabank lifted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Compass Point increased their price target on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $32.80.

Vornado Realty Trust Company Profile

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