Major REITs Now Hitting New 52-Week Lows As The Fed Raises Interest Rates Further

The Federal Reserve continues to make it tough for real estate investment trusts (REITs). 

After raising rates even more this week, investors dumped major REITs so much that a number of them tanked to new lows for the last 52 weeks. Almost anyone who purchased these for the dividend payments over the last year is now at a loss with the position.