T
he real estate sector's most undervalued stocks present a buying opportunity, as they are trading at historically low levels.
The Relative Strength Index (RSI) is a momentum indicator that compares a stock's upward and downward price movements. When the RSI falls below 30, it signals an oversold condition, indicating potential short-term gains. According to Benzinga Pro, this threshold is a reliable indicator of undervalued stocks.
Here are some major real estate players with RSI values near or below 30:
WP Carey Inc (WPC) has seen its stock fall 8% in the past month and hit a 52-week low of $50.52. Its RSI value stands at 25.64, indicating significant overselling.
Service Properties Trust (SVC) announced a dividend reduction on October 16, causing its stock to plummet 21% over the past month. With an RSI value of 29.93 and a 52-week low of $3.44, SVC presents a potential buying opportunity.
Creative Media & Community Trust Corp (CMCT) posted better-than-expected quarterly results in August but has since fallen 16% over five days. Its RSI value is 19.89, indicating significant overselling, while its stock price hit a 52-week low of $0.42.
These stocks have been identified as potential buys due to their undervalued status and recent market activity.
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