Revenue Update on Vornado Realty Trust(NYSE:VNO)

Vornado Realty Trust(NYSE:VNO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $621.71M. Analysts estimated a revenue of $619.26M. Earnings per share were $1.23. Analysts had estimated an EPS of $1.27.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Vornado Realty Trust. In the research note, the firm Raises the price-target to $103.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Vornado Realty Trust. In the research note, the firm Raises the price-target to $106.00 per share. The shares have been rated ‘Buy’ by the firm. On May 16, 2016, Evercore ISI Group said it Upgrades its rating on Vornado Realty Trust. The shares have been rated ‘Buy’ by the firm. On May 16, 2016, Deutsche Bank said it Maintains its rating on Vornado Realty Trust. In the research note, the firm Raises the price-target to $97.00 per share. The shares have been rated ‘Hold’ by the firm.

Vornado Realty Trust (VNO) made into the market gainers list on Mondays trading session with the shares advancing 0.73% or 0.77 points. Due to strong positive momentum, the stock ended at $105.62, which is also near the day’s high of $106.16. The stock began the session at $105.01 and the volume stood at 7,31,149 shares. The 52-week high of the shares is $108.69 and the 52 week low is $78.91. The company has a current market capitalization of $19,944 M and it has 18,88,25,520 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 24, 2015, Joseph Macnow (EVP-Finance, Chief Admin. Of) sold 4,500 shares at $25.08 per share price.Also, On Aug 26, 2015, Russell B Jr Wight (director) purchased 2,000 shares at $88.20 per share price.

Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). The Company conducts its business through and substantially all of its interests in properties are held by Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Company’s segments include New York Washington DC and Toys “R” Us (Toys). The Company’s other investments includes The Mart 555 California Street Vornado Capital Partners Real Estate Fund and Toys “R” Us Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.

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