Vornado Stock Hits New 52-Week High (VNO)

NEW YORK ( TheStreet) -- Vornado Realty (NYSE: VNO) hit a new 52-week high Thursday as it is currently trading at $88.74, above its previous 52-week high of $88.73 with 286,204 shares traded as of 2:11 p.m. ET. Average volume has been one million shares over the past 30 days.

Vornado has a market cap of $16.32 billion and is part of the financial sector and real estate industry. Shares are up 9.4% year to date as of the close of trading on Wednesday.

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.

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TheStreet Ratings rates Vornado as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income 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.

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