What is Zacks Research’s Forecast for VNO FY2024 Earnings?

Vornado Realty Trust (NYSE:VNO) – Stock analysts at Zacks Research reduced their FY2024 EPS estimates for Vornado Realty Trust in a research note issued on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $2.13 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) last announced its quarterly 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. 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 prior year, the firm posted $0.66 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis.

A number of other analysts also recently issued reports on VNO. Bank of America lifted their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Truist Financial upped their price target on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group lifted their price objective 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, Scotiabank upped 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. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $40.61 on Monday. The business’s 50-day moving average is $40.41 and its 200 day moving average is $32.26. Vornado Realty Trust has a 12 month low of $21.16 and a 12 month high of $46.63. The company has a market capitalization of $7.74 billion, a P/E ratio of -140.03 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.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Vornado Realty Trust by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,106,295 shares of the real estate investment trust’s stock worth $122,417,000 after purchasing an additional 39,147 shares during the last quarter. M&T Bank Corp grew its stake in Vornado Realty Trust by 7.7% in the 3rd quarter. M&T Bank Corp now owns 42,770 shares of the real estate investment trust’s stock worth $1,685,000 after acquiring an additional 3,055 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Vornado Realty Trust by 2.3% during the third quarter. Public Employees Retirement System of Ohio now owns 300,160 shares of the real estate investment trust’s stock worth $11,826,000 after acquiring an additional 6,804 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Vornado Realty Trust by 4.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 208,930 shares of the real estate investment trust’s stock valued at $8,232,000 after acquiring an additional 8,130 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of Vornado Realty Trust in the third quarter valued at approximately $248,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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