Vornado Realty Trust (NYSE:VNO) Posts Earnings Results, Misses Estimates By $0.61 EPS

Vornado Realty Trust (NYSE:VNO) released its earnings results on Monday. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61), Zacks reports. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.69%. The company had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.70 on Thursday, hitting $44.27. The company had a trading volume of 603,294 shares, compared to its average volume of 2,028,691. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of -150.24 and a beta of 1.64. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. The stock has a 50 day moving average price of $39.09 and a 200 day moving average price of $31.40. Vornado Realty Trust has a 1-year low of $19.63 and a 1-year high of $44.33.

Wall Street Analyst Weigh In

A number of brokerages have commented on VNO. Evercore ISI raised their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Scotiabank lifted their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. Finally, Compass Point upped their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Company Profile

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