T
he real estate sector presents a buying opportunity in undervalued companies, particularly those with oversold stocks. The Relative Strength Index (RSI) is a momentum indicator that compares a stock's strength on up days to its strength on down days. When the RSI falls below 30, an asset is considered oversold.
Here are some major real estate players with RSIs near or below 30:
Office Properties Income Trust (OPI)
After reporting worse-than-expected Q3 FFO results, OPI's stock plummeted 40% in a month and hit a 52-week low of $1.06.
RSI: 20.67
Price Action: Shares closed at $1.14 on Friday.
Wheeler Real Estate Investment Trust Inc (WHLR)
Following a 1-for-2 reverse stock split, WHLR's stock fell 32% in five days and hit a 52-week low of $5.79.
RSI: 26.03
Price Action: Shares dropped 2.2% to close at $8.50 on Friday.
Creative Media & Community Trust Corp (CMCT)
After reporting a quarterly loss that missed analyst estimates, CMCT's stock fell 25% in five days and hit a 52-week low of $0.21.
RSI: 21.55
Price Action: Shares dropped 9.1% to close at $0.22 on Friday.
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