Vornado Realty Trust (NYSE:VNO – Get Free Report) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37), Zacks reports. The company had revenue of $450.27 million during the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a return on equity of 3.02% and a net margin of 5.07%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS.
Vornado Realty Trust Price Performance
Shares of VNO traded down $0.72 during midday trading on Wednesday, reaching $30.00. The stock had a trading volume of 2,959,721 shares, compared to its average volume of 2,019,418. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 205.53 and a beta of 1.64. The company’s 50-day moving average is $26.71 and its 200 day moving average is $26.41. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $32.21.
Insider Buying and Selling
In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the sale, the director now directly owns 3,034 shares in the company, valued at approximately $85,528.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.14% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on Vornado Realty Trust
About Vornado Realty Trust
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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