Vornado Realty Trust (NYSE: VNO) announced its earnings results on Tuesday. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.05. The company had revenue of $697.65 million for the quarter, compared to the consensus estimate of $652.13 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis.
Several analysts have also recently commented on the stock. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Vornado Realty Trust in a research note to investors on Friday. They now have a $95.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Vornado Realty Trust in a research note to investors on Monday, February 4th. They now have a $90.00 price target on the stock.
Four investment analysts have rated the stock with a buy rating, seven have issued a hold rating, and one has assigned an underweight rating to the stock. The company has a consensus rating of “overweight” and an average price target of $86.50.
Vornado Realty Trust (VNO) traded down 0.07% on Tuesday, hitting $83.00. Vornado Realty Trust (VNO) has a 52-week low of $72.64 and a 52-week high of $88.50. The stock’s 50-day moving average is currently $84.0. The company has a market cap of $15.450 billion and a price-to-earnings ratio of 27.83.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Vornado conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.