Vornado Realty Trust (VNO): Today's Featured Real Estate Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelVornado Realty (VNO) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Vornado Realty fell $1.26 (-1.5%) to $85.00 on average volume. Throughout the day, 1,022,153 shares of Vornado Realty exchanged hands as compared to its average daily volume of 1,039,200 shares. The stock ranged in price between $84.48-$86.29 after having opened the day at $86.25 as compared to the previous trading day's close of $86.26. Other companies within the Real Estate industry that declined today were: American Spectrum Realty (AQQ), down 8.0%, Income Opportunity Realty Investors (IOT), down 5.9%, Newcastle Investment Corporation (NCT), down 3.5% and Vestin Realty Mortgage II (VRTB), down 3.4%.
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