Benzinga - by Lisa Levin, Benzinga Editor.
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Braemar Hotels & Resorts Inc. (NYSE: BHR)
- Braemar Hotels & Resorts posted better-than-expected quarterly sales. "Braemar's urban hotels delivered solid second quarter operating performance," noted Richard J. Stockton, Braemar's President and Chief Executive Officer. "We remain extremely pleased with the continued momentum of these hotels which has been driven by strong corporate and group demand." The company’s stock has a 52-week low of $2.22 .
- RSI Value: 23.41
- BHR Price Action: Shares of Braemar Hotels & Resorts fell 2.1% to close at $2.34 on Thursday.
- Healthcare Realty Trust posted upbeat quarterly sales. It has a 52-week low of $16.50.
- RSI Value: 28.84
- HR Price Action: Shares of Healthcare Realty Trust fell 0.4% to close at $16.81 on Thursday.
- Medical Properties Trust chalked out an updated capital allocation strategy highlighting its focus on boosting its balance sheet, lowering its cost of capital, and enhancing long-term shareholder value.. The company’s stock has a 52-week low of $6.38.
- RSI Value: 27.53
- MPW Price Action: Shares of Medical Properties Trust rose 0.7% to close at $7.09 on Thursday.
- RE/MAX Hldgs posted in-line earnings for the second quarter. "We were pleased to see continued RE/MAX agent count growth in Canada and our global regions during the second quarter. Despite industry headwinds, agent count in Canada has increased each month since February, and our overall international agent growth also accelerated in the second quarter," said Steve Joyce, RE/MAX Holdings Chief Executive Officer. The company’s 52-week low is $16.11.
- RSI Value: 28.80
- RMAX Price Action: Shares of RE/MAX Holdings rose 0.7% to close at $16.53 on Thursday.
- The company’s stock declined 17% over the past month. The company has a 52-week low of $13.01.
- RSI Value: 23.96
- BHM Price Action: Shares of Bluerock Homes Trust rose 1.5% to close at $13.33 on Thursday.
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