Vornado Realty Trust (VNO) to Release Quarterly Earnings on Monday

Vornado Realty Trust (NYSE:VNO) is expected to announce its earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $447.45 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Vornado Realty Trust’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. 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

Shares of VNO stock opened at $43.24 on Monday. The stock has a market cap of $8.24 billion, a PE ratio of -149.11 and a beta of 1.62. The stock has a 50-day moving average of $42.24 and a 200-day moving average of $38.76. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 6.85%. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is presently -255.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler reissued a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Barclays raised their target price 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. Evercore ISI upped their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Company Profile

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