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.

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.