Top 2 Real Estate Stocks Which Could Rescue Your Portfolio This Month

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, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Stratus Properties Inc STRS

On Jan. 27, Stratus Properties announced the closing of a $29.8 million loan to refinance the construction loan for the retail property at Lantana Place. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, said, “We are pleased to have completed this refinancing which, like our recent Kingwood Place refinancing, reflects our approach of taking advantage of lower interest rates and extending our debt maturities during this market cycle. We believe that retaining this cash-flowing property while real estate market conditions improve will benefit Stratus and its shareholders.” The company's stock fell around 7% over the past five days and has a 52-week low of $17.80.
RSI Value: 29.8
STRS Price Action: Shares of Stratus Properties fell 1.9% to trade at $17.80 on Thursday.
Benzinga Pro's real-time newsfeed alerted to latest STRS news.

Site Centers Corp SITC

On Feb. 27, SITE Centers posted downbeat quarterly results. “SITE Centers furthered the Company’s goal of recognizing value for stakeholders in the fourth quarter by continuing the simplification of its capital structure through the redemption of the remaining $175 million of outstanding preferred shares. The Company’s commenced rate increased through new tenant store openings in an environment of strong leasing demand, and we intend to capitalize where we view strong private market interest in purchasing high quality assets by marketing a subset of shopping centers for sale,” commented David R. Lukes, President and Chief Executive Officer. The company's stock fell around 12% over the past month and has a 52-week low of $10.32.
RSI Value: 28.4
SITC Price Action: Shares of Site Centers fell 4.9% to trade at $13.82 on Thursday.
Benzinga Pro’s charting tool helped identify the trend in SITC stock.

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