September was an ugly month for real estate investment trust (REIT) investors. Statements from the September Federal Open Markets Committee (FOMC) meeting confirming another rate hike in 2023, high interest rates for longer and fewer cuts in 2024 triggered a brutal across-the-board REIT sell-off. Although the last two days of September were positive, many of the stalwart REIT leaders, such as Realty Income Corp. (NYSE:O), Mid-America Apartment Communities Inc. (NYSE:MAA), SBA Communications Corp
Modiv Industrial, Inc. today announced that they will ring The Closing Bell® at the New York Stock Exchange at 4:00 p.m. ET on Friday, September 29, 2023, in celebration of American manufacturing.
Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 13,000 shares, a decrease of 38.1% from the August 31st total of 21,000 shares. Currently, 0.2% of the shares of the company are sold short. Based […]