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

Vornado Realty Trust (NYSE:VNO) released its quarterly earnings results on Monday. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61), Zacks reports. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.69%. The business had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis.

Vornado Realty Trust Trading Up 1.6 %

NYSE VNO traded up $0.70 on Thursday, hitting $44.27. The company’s stock had a trading volume of 603,294 shares, compared to its average volume of 2,028,691. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. Vornado Realty Trust has a 1-year low of $19.63 and a 1-year high of $44.33. The firm has a market cap of $8.43 billion, a PE ratio of -150.24 and a beta of 1.64. The company’s 50-day moving average is $39.09 and its 200 day moving average is $31.40.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VNO. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Saturday, July 20th. Truist Financial boosted their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $29.00 to $40.00 in a report on Thursday, August 8th. Bank of America boosted their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Barclays raised their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.07.

About Vornado Realty Trust

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