Vornado Realty Trust (VNO) Scheduled to Post Quarterly Earnings on Monday

Vornado Realty Trust (NYSE:VNO) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). The company had revenue of $450.27 million during the quarter, compared to analysts’ expectations of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. Vornado Realty Trust’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. On average, analysts expect Vornado Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $41.23 on Friday. The company has a market capitalization of $7.85 billion, a PE ratio of 463.56 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. Vornado Realty Trust has a 52-week low of $19.63 and a 52-week high of $44.05. The company has a 50-day simple moving average of $38.45 and a 200 day simple moving average of $30.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Bank of America lifted their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Scotiabank boosted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Truist Financial increased their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Barclays lifted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, Compass Point upped their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.80.

About Vornado Realty Trust

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