Vornado Realty Trust (NYSE:VNO - Free Report) - Investment analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Vornado Realty Trust in a research note issued on Thursday, November 14th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $2.13 per share for the year, down from their previous forecast of $2.14. 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 Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.07 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.56 EPS, Q3 2026 earnings at $0.57 EPS and FY2026 earnings at $2.29 EPS.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million during the quarter, compared to analysts' expectations of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Vornado Realty Trust's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS.
Other equities analysts also recently issued reports about the company. BMO Capital Markets raised Vornado Realty Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Truist Financial boosted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. Evercore ISI raised their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Piper Sandler restated a "neutral" rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, Bank of America boosted their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.07.
View Our Latest Analysis on Vornado Realty Trust
Vornado Realty Trust Trading Down 0.8 %
VNO traded down $0.32 on Monday, hitting $40.29. The company had a trading volume of 1,561,021 shares, compared to its average volume of 2,016,905. Vornado Realty Trust has a 1 year low of $21.16 and a 1 year high of $46.63. The company's fifty day moving average price is $40.41 and its 200 day moving average price is $32.26. The firm has a market cap of $7.68 billion, a P/E ratio of -138.97 and a beta of 1.64. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.
Hedge Funds Weigh In On Vornado Realty Trust
A number of institutional investors have recently made changes to their positions in VNO. Principal Financial Group Inc. increased its position in Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Bamco Inc. NY acquired a new position in shares of Vornado Realty Trust in the third quarter valued at approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Vornado Realty Trust by 381.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust's stock valued at $47,492,000 after buying an additional 955,071 shares during the last quarter. Heitman Real Estate Securities LLC grew its stake in Vornado Realty Trust by 2,021.1% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust's stock worth $39,181,000 after acquiring an additional 947,562 shares during the period. Finally, Bank of Montreal Can raised its holdings in Vornado Realty Trust by 2,229.1% in the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust's stock valued at $22,502,000 after acquiring an additional 818,838 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.
About Vornado Realty Trust
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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