It's no wonder why so many real estate investment trusts (REITs) have terrible market performance in 2022. After all, the Federal Reserve's ongoing rate hikes will continue to hurt the real estate sector.
November 4, 1:16 PM
The Federal Reserve continues to make it tough for real estate investment trusts (REITs).
November 2, 11:33 AM
U.S. stocks traded lower, with the Nasdaq Composite dropping more than 100 points on Wednesday. Here are some big stocks recording losses in today’s session.
October 13, 8:56 AM
Morgan Stanley analyst Ronald Kamdem maintains Public Storage (NYSE:PSA) with a Equal-Weight and lowers the price target from $298 to $290.
October 4, 9:36 AM
Interest rate hikes resulted in third-quarter losses for most real estate investment trusts (REITs). With the Federal Reserve taking short-term rates up by 0.75% and 30-year fixed mortgage rates nearing 7%, REITs headed down in price. The expectation that even higher rates are on the way is not helping.
September 19, 9:06 AM
Evercore ISI Group analyst Steve Sakwa maintains Public Storage (NYSE:PSA) with a In-Line and lowers the price target from $333 to $327.
August 16, 7:31 AM
HC Wainwright & Co. cut the price target on Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) from $10 to $5. HC Wainwright & Co. analyst Patrick Trucchio maintained the stock with a Buy rating. Mind Medicine shares rose 2.3% to $0.7164 in pre-market trading.
August 16, 7:09 AM
Raymond James analyst Jonathan Hughes downgrades Public Storage (NYSE:PSA) from Strong Buy to Outperform and raises the price target from $365 to $380.