Analysts Expect Vornado (VNO) Profits To Grow 30% in 2010

CNN gave its top 10 picks for 2010. Here’s a report.

CNN picked Vornado Realty Trust (NYSE: VNO)(FREE stock trend analysis) as one of the top 10 stocks to be watched out for in 2010.

Barclays Capital analyst Ross Smotrich believes that Vornado Realty Trust (NYSE: VNO)(FREE stock trend analysis) is one of the few Real Estate Investment Trusts (REIT) that can grow over the next few years, through both its current portfolio and acquisitions. In its recent quarter, Vornado booked profits in all segments, exceeding analyst expectations.

Vornado is sitting on $3 billion cash and has credit lines of $1.5 billion. Morningstar expects the earnings to grow a 30% in 2010 and a 5.5% annually over the next five years. The stock is trading at $69.