Vornado Realty Trust (VNO), a New York-based REIT, has seen significant volatility in its stock price due to various factors including the impact of COVID-19, inflation, Federal Reserve interest rate hikes, and changes in workforce habits. The company's stock price plunged from $53 to $22 during the pandemic, rebounded to $43 by June 2021, and then fell to lows near $12. Recently, the stock has climbed back up to about $18. Rumors of a large activist investor getting involved in Vornado Realty have also been circulating. The company has suspended its dividend payments until the end of 2023 and announced a $200 million stock repurchase. Vornado Realty also owns a 32.4% interest in Alexander’s Inc. (ALX) and has been impacted by the sale of a 49.9% stake in 245 Park Ave. by SL Green Realty Corp. (SLG).