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) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole was unchanged today. By the end of trading, Vornado Realty fell $0.91 (-1.0%) to $89.03 on average volume. Throughout the day, 617,325 shares of Vornado Realty exchanged hands as compared to its average daily volume of 758,700 shares. The stock ranged in price between $88.93-$90.15 after having opened the day at $89.85 as compared to the previous trading day's close of $89.94. Other companies within the Financial sector that declined today were:
), down 8.4%,
), down 6.7%,
), down 5.8% and
), down 5.4%.
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Vornado Realty Trust is a publicly owned real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in commercial real estate properties to create its portfolio. The firm was formerly known as Vornado Inc. Vornado Realty has a market cap of $16.8 billion and is part of the real estate industry. The company has a P/E ratio of 78.7, above the S&P 500 P/E ratio of 17.7. Shares are up 12.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Vornado Realty a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Vornado Realty Ratings Report.
On the positive front,
), up 10.2%,
), up 9.6%,
), up 9.2% and
), up 7.8% , were all gainers within the financial sector with
) being today's featured financial sector leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
) while those bearish on the financial sector could consider
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