Top 4 Real Estate Stocks That May Fall Off A Cliff This Quarter

As of July 22, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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 overbought when the RSI is above 70, according to Benzinga Pro.

Here's the latest list of major overbought players in this sector.

InvenTrust Properties Corp IVT

• InvenTrust Properties will report its second quarter earnings results on July 31, after the closing bell. The company's stock has a 52-week high of $27.25.
• RSI Value: 77.13                              
• IVT Price Action: Shares of InvenTrust Properties fell 0.2% to close at $26.54 on Friday.

Service Properties Trust SVC

• On July 11, Service Properties Trust announced a regular quarterly cash distribution on its common shares of 20 cents per common share (80 cents per share per year).  The company's stock gained around 17% over the past month and has a 52-week high of $9.15.
• RSI Value: 70.87
• SVT Price Action: Shares of Service Properties Trust fell 1.8% to close at $5.93 on Friday.

Essential Properties Realty Trust Inc EPRT

• On July 18, UBS analyst Michael Goldsmith maintained Essential Props Realty with a Buy and raised the price target from $30 to $35. The company's stock gained around 12% over the past month and has a 52-week high of $31.08.
• RSI Value: 80.20
• EPRT Price Action: Shares of Essential Properties Realty Trust closed at $30.77 on Friday.

Realty Income Corp O

• Realty Income will release its operating results for the quarter ended June 30, 2024 after the closing bell on Aug. 5. The company's stock jumped around 7% over the past month and has a 52-week high of $64.18.
• RSI Value: 74.13
• O Price Action: Shares of Realty Income fell 0.3% to close at $57.58 on Friday.

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