Q3 2024 EPS Estimates for Vornado Realty Trust (NYSE:VNO) Increased by Zacks Research

Posted by Defense World Staff on Sep 7th, 2023

Vornado Realty Trust (NYSE:VNO – Free Report) – Zacks Research lifted their Q3 2024 earnings estimates for Vornado Realty Trust in a research note issued to investors on Monday, September 4th. Zacks Research analyst N. Dass now anticipates that the real estate investment trust will post earnings of $0.60 per share for the quarter, up from their prior estimate of $0.59. The consensus estimate for Vornado Realty Trust’s current full-year earnings is $2.55 per share. Zacks Research also issued estimates for Vornado Realty Trust’s Q1 2025 earnings at $0.55 EPS and FY2025 earnings at $2.49 EPS.

Several other analysts have also commented on the stock. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Evercore ISI upped their price objective on Vornado Realty Trust from $21.00 to $25.00 and gave the company an “in-line” rating in a research report on Wednesday, August 16th. Finally, Bank of America upped their price objective on Vornado Realty Trust from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.90.

View Our Latest Stock Analysis on VNO

Vornado Realty Trust Stock Up 2.4 %

VNO stock opened at $24.77 on Wednesday. The company’s 50 day simple moving average is $21.28 and its 200-day simple moving average is $17.51. The firm has a market capitalization of $4.72 billion, a PE ratio of -10.96 and a beta of 1.47. Vornado Realty Trust has a 12 month low of $12.31 and a 12 month high of $28.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 4.15 and a quick ratio of 4.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of Vornado Realty Trust by 70.6% in the 4th quarter. IFP Advisors Inc now owns 1,073 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 444 shares during the period. Parkside Financial Bank & Trust increased its position in Vornado Realty Trust by 170.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 804 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Vornado Realty Trust during the 4th quarter worth approximately $30,000. FNY Investment Advisers LLC acquired a new stake in Vornado Realty Trust during the 1st quarter worth approximately $33,000. Finally, SOA Wealth Advisors LLC. increased its position in Vornado Realty Trust by 55.5% during the 1st quarter. SOA Wealth Advisors LLC. now owns 2,494 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 890 shares in the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

(Get Free Report)

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.