TheStreet's Quant Ratings service has cut Vornado Realty Trust VNO to a "C+ Hold" rating from a previous "B- Buy."
"The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks," our Quant Ratings team wrote in its latest analysis of the stock.
On the plus side, Quant Ratings cited such positives as the fact that VNO's net income grew 168.1% year-over-year during the latest quarter, swinging from a $93.8 million loss to a $63.88 million gain.
But our research also found several negatives, including the fact that Vornado's 1.3% revenue growth during the latest period lagged the industry's 7.3% average.
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(Our Quant Ratings service assesses stocks using a proprietary computer model that runs a variety of factors through quantitative and technical analysis. Ratings do not necessarily reflect the opinions of Jim Cramer or other columnists, who may use different criteria to grade stocks.)
This article was written by a staff member of TheStreet.