Vornado Realty Trust (VNO): Today's Featured Real Estate Laggard

Vornado 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 0.8%. By the end of trading, Vornado Realty fell $1.21 (-1.4%) to $84.38 on average volume. Throughout the day, 943,973 shares of Vornado Realty exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $83.58-$85.74 after having opened the day at $85.63 as compared to the previous trading day's close of $85.59. Other company's within the Real Estate industry that declined today were: Income Opportunity Realty Investors ( IOT), down 14.4%, Stratus Properties ( STRS), down 7.4%, American Spectrum Realty ( AQQ), down 6.7%, and LaSalle Hotel Properties ( LHO), down 4.3%.

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. Vornado Realty has a market cap of $16.05 billion and is part of the financial sector. The company has a P/E ratio of 42.8, above the average real estate industry P/E ratio of 37.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 11.4% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Vornado Realty a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Vornado Realty as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, E-House China Holdings ( EJ), up 13.9%, Power REIT ( PW), up 10.3%, American Realty Investors ( ARL), up 7.6%, and Institutional Financial Markets ( IFMI), up 6.9%, were all gainers within the real estate industry with CBRE Group ( CBG) being today's featured real estate industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
null

If you liked this article you might like

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

Toys 'R' Us Debt Load Tips It Into Chapter 11

Toys 'R' Us Is Nearing Its End These 3 Signs Reveal

These Stocks Are Ready to Reverse Course