Revenue Update on Vornado Realty Trust(NYSE:VNO)

Vornado Realty Trust(NYSE:VNO) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $638.260M. Analysts estimated a revenue of $637.560M. The revenues were 0.11% above the estimates. Earnings per share were $1.13.

Vornado Realty Trust (VNO) shares turned negative on Wednesdays trading session with the shares closing down -1.01 points or -0.91% at a volume of 6,56,846. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $111.72. The peak price level was also seen at $111.72 while the days lowest was $108.72. Finally the shares closed at $109.84. The 52-week high of the shares is $111.72 while the 52-week low is $85.1. According to the latest information available, the market cap of the company is $20,778 M.

Several Insider Transactions has been reported to the SEC. On Jan 3, 2017, Mitchell N Schear (President – VNO/Smith Division) sold 15,000 shares at $102.64 per share price.Also, On Dec 9, 2016, Joseph Macnow (EVP – Finance, Chief Admin. Of) sold 40,000 shares at $102.88 per share price.On Nov 4, 2016, Russell B Jr Wight (director) sold 10,000 shares at $89.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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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