Wall Street analysts expect Vornado Realty Trust (NYSE:VNO – Get Rating) to announce sales of $417.86 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Vornado Realty Trust’s earnings. The lowest sales estimate is $379.57 million and the highest is $438.33 million. Vornado Realty Trust posted sales of $379.98 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The business is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Vornado Realty Trust will report full year sales of $1.70 billion for the current financial year, with estimates ranging from $1.53 billion to $1.77 billion. For the next year, analysts forecast that the company will report sales of $1.78 billion, with estimates ranging from $1.57 billion to $1.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Vornado Realty Trust.
Vornado Realty Trust (NYSE:VNO – Get Rating) last announced its quarterly earnings data on Sunday, February 13th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.13). Vornado Realty Trust had a return on equity of 2.52% and a net margin of 11.07%. The company had revenue of $421.10 million during the quarter, compared to analyst estimates of $425.44 million. During the same quarter in the previous year, the business posted $0.66 EPS. The company’s revenue was up 11.9% on a year-over-year basis.
Shares of VNO stock traded down $0.69 on Tuesday, reaching $41.42. The company had a trading volume of 1,929,499 shares, compared to its average volume of 1,478,652. The company has a 50-day moving average of $43.93 and a 200-day moving average of $43.44. Vornado Realty Trust has a 12 month low of $38.00 and a 12 month high of $50.91. The company has a current ratio of 4.35, a quick ratio of 4.35 and a debt-to-equity ratio of 1.62. The stock has a market cap of $7.94 billion, a PE ratio of 78.15 and a beta of 1.23.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 11th. Shareholders of record on Monday, January 31st were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Friday, January 28th. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 400.01%.
In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 119,100 shares of Vornado Realty Trust stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $41.97, for a total value of $4,998,627.00. Following the completion of the sale, the director now owns 1,100,451 shares of the company’s stock, valued at approximately $46,185,928.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.22% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in VNO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Vornado Realty Trust by 1.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,925 shares of the real estate investment trust’s stock valued at $837,000 after buying an additional 254 shares during the period. MCF Advisors LLC increased its position in shares of Vornado Realty Trust by 49.0% in the 3rd quarter. MCF Advisors LLC now owns 934 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 307 shares during the period. Mutual of America Capital Management LLC grew its position in Vornado Realty Trust by 1.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 30,720 shares of the real estate investment trust’s stock worth $1,291,000 after purchasing an additional 336 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Vornado Realty Trust by 2.7% during the 3rd quarter. CIBC Asset Management Inc now owns 15,868 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 420 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Vornado Realty Trust by 1.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,895 shares of the real estate investment trust’s stock valued at $1,382,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 68.51% of the company’s stock.
About Vornado Realty Trust (Get Rating)
Vornado's portfolio is concentrated in the nation's key market Â New York City Â along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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