Brokers Offer Predictions for Vornado Realty Trust’s Q2 2024 Earnings (NYSE:VNO)

Vornado Realty Trust (NYSE:VNOFree Report) – Investment analysts at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for Vornado Realty Trust in a note issued to investors on Wednesday, June 5th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $0.56 for the quarter, down from their prior estimate of $0.57. The consensus estimate for Vornado Realty Trust’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Vornado Realty Trust’s Q3 2024 earnings at $0.52 EPS, Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $2.14 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $2.11 EPS, Q1 2026 earnings at $0.56 EPS and FY2026 earnings at $2.50 EPS.

Other analysts have also issued reports about the company. Barclays decreased their target price on Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Friday, May 24th. Evercore ISI decreased their price target on shares of Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, February 15th. Morgan Stanley raised shares of Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. Compass Point decreased their target price on shares of Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Piper Sandler dropped their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, May 13th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $24.45.

Check Out Our Latest Research Report on VNO

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $24.43 on Friday. Vornado Realty Trust has a one year low of $14.46 and a one year high of $32.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97. The business’s 50 day simple moving average is $25.70 and its 200 day simple moving average is $26.40. The stock has a market capitalization of $4.65 billion, a PE ratio of 162.88 and a beta of 1.59.

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Vornado Realty Trust in the fourth quarter worth approximately $489,922,000. Kemnay Advisory Services Inc. purchased a new stake in Vornado Realty Trust during the 3rd quarter valued at approximately $132,326,000. Deutsche Bank AG grew its stake in Vornado Realty Trust by 141.9% during the third quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock valued at $96,128,000 after acquiring an additional 2,486,439 shares in the last quarter. Rush Island Management LP purchased a new position in shares of Vornado Realty Trust during the third quarter valued at about $27,901,000. Finally, Nomura Holdings Inc. increased its stake in Vornado Realty Trust by 2,410.2% in the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock worth $27,488,000 after acquiring an additional 934,271 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

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Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.

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Earnings History and Estimates for Vornado Realty Trust (NYSE:VNO)

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