One of the attractions of real estate investment trusts (REITs) is that some pay exceptionally high dividends. How long this can continue – with the Fed about to raise interest rates – is another question, but, for now, it’s easy to find REITs paying 6%+ dividends.
Now that we're firmly in the second half of the year, we can analyze the impact rising interest rates and inflationary pressures have had on real estate investment trusts (REITs) that own large shopping centers and malls.
Equities are more volatile than ever as macroeconomic headwinds pile on. The recent data revealing slowing economic activity in China has raised major concerns regarding a global economic slowdown, as China is the manufacturing hub of the world. The major U.S. benchmark indexes are currently down more than 13% year to date.
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.