Vornado Rises On Unusually High Volume (VNO)

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 model.

NEW YORK ( TheStreet) -- Vornado Realty (NYSE: VNO) is trading at unusually high volume Tuesday with two million shares changing hands. It is currently at two times its average daily volume and trading up $2.50 (+3.1%) at $83.86 as of 3:47 p.m. ET.

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Vornado has a market cap of $15 billion and is part of the financial sector and real estate industry. Shares are up 1.6% year to date as of the close of trading on Monday.

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 53.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Vornado as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Vornado Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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