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.
Medical Properties Trust, Inc. MPW
- Medical Properties Trust reported worse-than-expected second-quarter sales results. The company’s stock has a 52-week low of $7.10 .
- RSI Value: 29.67
- MPW Price Action: Shares of Medical Properties Trust fell 2.1% to close at $8.50 on Wednesday.
Creative Media & Community Trust Corporation CMCT
- Creative Media & Community Trust is expected to report its second quarter 2023 earnings results on Aug. 10, 2023. It has a 52-week low of $3.89.
- RSI Value: 26.96
- CMCT Price Action: Shares of Creative Media & Community Trust fell 1.1% to close at $4.37 on Wednesday.
Braemar Hotels & Resorts Inc. BHR
- Braemar Hotels & Resorts posted better-than-expected quarterly sales. The company’s stock has a 52-week low of $2.77.
- RSI Value: 16.23
- BHR Price Action: Shares of Braemar Hotels & Resorts fell 6.1% to close at $2.91 on Wednesday.
National Health Investors, Inc. NHI
- National Health Investors reported a year-over-year decrease in second-quarter FFO and worse-than-expected sales results. Eric Mendelsohn, NHI President and CEO, stated, "Our second quarter results continued to reflect generally stable cash collections in the core Real Estate Investments operations and deferral repayments were slightly above expectations." The company’s 52-week low is $47.54.
- RSI Value: 22.71
- NHI Price Action: Shares of National Health Investors fell 6.4% to close at $51.49 on Wednesday.
Lamar Advertising Company LAMR
- Lamar Advertising posted downbeat quarterly earnings. "As we moved into the third quarter, we observed a slowdown in business activity," Lamar chief executive Sean Reilly said. "Although we still feel positive about our efforts to control expenses, revenue for the second half of 2023 is not shaping up as we anticipated it would." The company has a 52-week low of $81.10.
- RSI Value: 29.37
- LAMR Price Action: Shares of Lamar Advertising fell 0.1% to close at $89.40 on Wednesday.
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