Truist Raises Vornado Realty Trust (VNO) Price Target Amid Improving NYC Leasing

Vornado Realty Trust (NYSE:VNO) ranks among the best cheap rising stocks to invest in now. On September 12, Truist Securities maintained its Hold rating on Vornado Realty Trust (NYSE:VNO), and increased its price target from $38 to $40. The price target hike reflects improving leasing trends in New York City, as well as the positive impact of reduced interest rates.

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Truist Securities expects Vornado’s portfolio occupancy to increase due to solid leasing activity, manageable near-term lease expirations, and what it refers to as “very strong rent spreads.”

While Vornado’s cash flow has been declining for a while, with negative funds available for distribution (FAD) reported in the second quarter of 2025,Truist Securities pointed out that future earnings growth might spike.

Vornado Realty Trust (NYSE:VNO) is a real estate investment trust that owns and develops high-quality office and retail assets in New York City, Chicago, and San Francisco.

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Disclosure: None. This article is originally published at Insider Monkey.