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These 3 REITs Are Diving To New 12-Month Lows

Real estate investment trusts (REITs) continue to weaken, with a number of them hitting new 12-month lows.  These reflect the negative effects on the market of the higher interest rates that the Federal Reserve is pursuing. Other factors are at work, but this is a rate-sensitive group and they’re feeling the pain.
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REITs Hit New 52-Week Lows This Week As Sector Slide Continues

Weakness in the real estate investment trust (REIT) sector continues as investors dump shares.  The relentless selling this week was enough to take these three REITs to new 52-week lows. It’s not a bullish sign for the group that the trend seems to be irretrievably downward this year.