The most oversold stocks in the real estate sector present 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.
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Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
NetSTREIT Corp NTST
- NETSTREIT will release its third quarter 2024 financial results on Nov. 4, 2024 after the close of trading on the NYSE. The company's stock fell around 10% over the past month and has a 52-week low of $13.49.
- RSI Value: 27.18
- NTST Price Action: Shares of NetSTREIT closed at $15.44 on Thursday.
- Benzinga Pro's real-time newsfeed alerted to latest NTST news.
Lineage Inc LINE
- Lineage will report its financial results for the third quarter of 2024 on Wednesday, Nov. 6, 2024, before the opening bell. The company's stock fell around 10% over the past month. It has a 52-week low of $73.16.
- RSI Value: 26.01
- LINE Price Action: Shares of Lineage fell 0.4% to close at $73.99 on Thursday.
- Benzinga Pro’s charting tool helped identify the trend in LINE stock.
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Prologis Inc PLD
- On Oct. 10, Barclays analyst Anthony Powell maintained Prologis with an Overweight and lowered the price target from $142 to $131. The company's shares fell around 11% over the past month and has a 52-week low of $10.02.
- RSI Value: 28.20
- PLD Price Action: Shares of Prologis fell 0.5% to close at $118.28 on Tuesday.
- Benzinga Pro’s signals feature notified of a potential breakout in PLD shares.
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Keep Reading:
- Interest rates are falling but you can still make high yields in real estate. Find out how.
- Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. Get started investing in commercial real estate today.
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