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 anticipating a drop in revenue and income has reit analysts generally reducing price targets and downgrading names fund investors are looking at the effects of much higher rates on financing and at the slide in value of underlying properties none of this adds up to higher prices for real estate investment trusts so they’re sold avalonbay communities inc avb owns apartment complexes in new york new jersey washington dc  california and the pacific northwest the reit pays a 372 dividend the nov 3 action takes avalonbay below all of the previous october 2022 lows setting a new low for the year trading below the downtrending 50day and 200day moving averages is not a bullish look camden property trust cpt buys manages and develops multifamily apartment communities in places such as las vegas dallas houston and atlanta the company is paying a 326 dividend the price gapped down to a new low for the year and remains below the 50 and 200day moving averages both of which are trending downward there’s a positive divergence on the relative strength indicator rsi below the price chart equity residential eqr owns 310 apartment complexes in southern california san francisco seattle new york boston and washington dc the price gapped down to 60 at the opening of trading on nov 3 then found buying interest and managed to close at 6138 as with the other real estate investment trusts equity residential trades in a downtrend deeply below both significant moving averages extra space storage inc exr is based in salt lake city and owns and operates selfstorage properties in 41 states the reit pays a 379 dividend it’s a strongly negative start to november for the company with new 52week lows clearly in place and just when by late october extra space looked as if it might conquer the 50day moving average note the very large red selling volume bars beneath the first two sessions of the month public storage psa is the largest owner of selfstorage facilities in the country with 2800 units in 39 states this reit is paying a dividend of 283 this is another one where the first two trading sessions in november completely reversed a mid to lateoctober rally the company this week hit a new 52week low on heavy volume and now goes for less than its downtrending 50day and 200day moving averages see more on real estate investing from benzinga   this littleknown reit is producing doubledigit returns in a bear market how   theres no bear market for this real estate fund up 117 ytd   bezosbacked startup lets you become a landlord with 100 not investment advice for educational purposes only