Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $542.05 million for the quarter, compared to the consensus estimate of $544.62 million. Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. Vornado Realty Trust’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share.
Shares of NYSE VNO opened at $68.23 on Tuesday. The stock has a market capitalization of $12.75 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 4.64 and a beta of 0.91. The company has a debt-to-equity ratio of 2.41, a quick ratio of 5.62 and a current ratio of 5.62. Vornado Realty Trust has a 1 year low of $64.13 and a 1 year high of $79.56.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Monday, November 5th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, November 2nd. Vornado Realty Trust’s dividend payout ratio is currently 67.56%.
Vornado Realty Trust Company Profile
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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