Vornado Reaches New 52-Week High (VNO)

NEW YORK (TheStreet) -- Vornado Realty (NYSE:VNO) hit a new 52-week high Monday as it is currently trading at $93.64, above its previous 52-week high of $93.53 with 454,931 shares traded as of 1:57 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Vornado has a market cap of $17 billion and is part of the financial sector and real estate industry. Shares are up 8.6% year to date as of the close of trading on Thursday.

Vornado Realty Trust is a privately owned real estate investment trust. The trust engages in investment, ownership, and management of commercial real estate. It invests in the real estate markets of United States. The trust primarily invests in office, industrial and retail properties. The company has a P/E ratio of 27.5, below the average real estate industry P/E ratio of 28.5 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Vornado as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Vornado Ratings Report.

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