Vornado Realty Trust (NYSE:VNO) Releases Earnings Results, Beats Estimates By $0.66 EPS

Vornado Realty Trust (NYSE:VNO) posted its earnings results on Monday. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.66, Zacks reports. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%.

Vornado Realty Trust Stock Up 0.9 %

NYSE VNO opened at $42.75 on Wednesday. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The stock has a fifty day moving average of $42.16 and a 200-day moving average of $39.44.

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 6.92%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently -255.17%.

Analyst Ratings Changes

VNO has been the subject of several recent analyst reports. Scotiabank increased their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Company Profile

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