Vornado Realty Trust (NYSE:VNO) Announces Earnings Results, Misses Expectations By $0.49 EPS

Vornado Realty Trust (NYSE:VNO) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.49), FiscalAI reports. Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.36%. The business had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. During the same quarter last year, the firm posted $0.56 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis.

Vornado Realty Trust Stock Up 1.0%

VNO stock opened at $40.31 on Wednesday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. The firm has a 50 day simple moving average of $38.25 and a 200-day simple moving average of $32.36. The company has a market capitalization of $7.58 billion, a P/E ratio of 11.07, a PEG ratio of 2.01 and a beta of 1.53. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37.

Vornado Realty Trust announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 29th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays increased their target price on Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. UBS Group cut shares of Vornado Realty Trust to an “underweight” rating in a research report on Wednesday, July 22nd. BMO Capital Markets upped their price target on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Piper Sandler increased their price target on shares of Vornado Realty Trust from $28.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, Mizuho lifted their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $39.17.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the transaction, the director directly owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of $16.94 per share, with a total value of $67,760.00. Following the transaction, the director directly owned 13,000 shares in the company, valued at approximately $220,220. The trade was a 44.44% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its position in shares of Vornado Realty Trust by 17.2% during the 4th quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock valued at $10,106,000 after acquiring an additional 44,559 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Vornado Realty Trust by 14.0% during the fourth quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock worth $1,523,000 after purchasing an additional 5,602 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Vornado Realty Trust by 7.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 70,543 shares of the real estate investment trust’s stock worth $2,348,000 after purchasing an additional 4,607 shares during the period. State of Tennessee Department of Treasury boosted its holdings in Vornado Realty Trust by 7.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 694,757 shares of the real estate investment trust’s stock worth $22,149,000 after purchasing an additional 49,046 shares during the period. Finally, Empowered Funds LLC increased its stake in Vornado Realty Trust by 12.2% during the fourth quarter. Empowered Funds LLC now owns 7,252 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 791 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.