I
n the real estate sector, a hidden gem lies in wait for investors willing to dig beneath the surface. Beneath the noise of market volatility, undervalued companies are emerging as opportunities for savvy traders.
The Relative Strength Index (RSI) is a momentum indicator that gauges a stock's resilience by comparing its upward and downward price movements. When an asset's RSI dips below 30, it signals overselling, according to Benzinga Pro. Here are the top real estate stocks with RSIs near or below this threshold.
FrontView REIT (FVR) is one such company that has caught analysts' attention. Despite a recent 18% decline, Wells Fargo's John Kilichowski maintains an Overweight rating and lowered his price target to $19. FVR's stock has a 52-week low of $14.33, making it an attractive buy.
Armada Hoffler Properties (AHH) is another contender with a 13% drop over the past five days. The company met analyst expectations in its latest earnings report and boasts a 52-week low of $7.56. AHH's stock has shown resilience, rising 0.1% to close at $7.66 on Tuesday.
Orion Office REIT (ONL) is a third opportunity that shouldn't be overlooked. Despite beating analyst estimates in its quarterly sales report, ONL's stock plummeted 43% over the past month. With a 52-week low of $2.20 and an RSI value of 23, this company presents a compelling case for investors seeking undervalued assets.
These stocks are not just oversold; they're also ripe for potential breakouts. Benzinga Pro's charting tool and signals feature have identified trends in AHH and ONL, respectively, making them worth keeping an eye on.
