Why the Vitalharvest (ASX:VTH) share price is up 21% in 2021

The Vitalharvest Freehold Trust (ASX: VTH) share price is shooting like a beanstalk in 2021. Since the first trading day of the year, shares in the real estate investment trust (REIT) have appreciated by 21.4%.

Presently, its shares are swapping hands for $1.19 each – up 0.42% on yesterday’s close. By comparison, the All Ordinaries Index (ASX: XAO) is up by around 4.7% in 2021 and 0.72% today. 

Let’s take a closer look at what’s driving the Vitalharvest share price higher.

Tug-of-war pushes Vitalharvest share price higher

So, what’s affecting Vitalharvest shares? A bidding war for the company, that’s what. Back in November 2020, news…