T
he real estate sector's most undervalued stocks present a buying opportunity, as they are trading at lower prices than their peers.
The Relative Strength Index (RSI) is a momentum indicator that compares a stock's gains to its losses. When the RSI falls below 30, it typically signals an oversold condition, according to Benzinga Pro. Here are some major real estate stocks with RSIs near or below 30:
Forestar Group Inc (FOR) has been downgraded by Citigroup analyst Anthony Pettinari, who maintained a Buy rating but lowered the price target from $43 to $39. The stock fell around 10% over the past month and hit a 52-week low of $24.81. Its RSI value is 20.5.
American Assets Trust, Inc (AAT) will report its fourth-quarter earnings on February 4, after which its stock has fallen around 10% in five days and reached a 52-week low of $20.03. The RSI value for AAT is 22.7.
Alexander's Inc (ALX) posted better-than-expected quarterly results but still fell around 12% over the past month, hitting a 52-week low of $185.00. Its RSI value is 25.9.
These stocks have shown significant price drops and may be worth considering for investors looking to buy undervalued real estate companies.
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