Vornado Realty Trust (NYSE:VNO) Announces Quarterly Earnings Results

Vornado Realty Trust (NYSE:VNO - Get Free Report) issued its earnings results on Monday. 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), Zacks reports. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the previous year, the company posted $0.66 earnings per share. The company's quarterly revenue was down 1.7% on a year-over-year basis.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded up $0.84 during mid-day trading on Tuesday, reaching $42.76. 2,665,893 shares of the company traded hands, compared to its average volume of 2,029,175. The company's 50 day moving average price is $38.73 and its 200-day moving average price is $31.19. The firm has a market cap of $8.14 billion, a PE ratio of 465.78 and a beta of 1.64. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. Vornado Realty Trust has a 52 week low of $19.63 and a 52 week high of $44.05.

Analysts Set New Price Targets

VNO has been the subject of a number of recent research reports. Scotiabank boosted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Compass Point lifted their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Piper Sandler reiterated a "neutral" rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Barclays boosted their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Finally, Evercore ISI lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $32.80.

Vornado Realty Trust Company Profile

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