A
s of September 13, 2024, investors who value momentum as a key criteria in their trading decisions should be cautious about two stocks in the real estate sector. The Relative Strength Index (RSI) is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. It can provide traders with a better sense of how a stock may perform in the short term when compared to its price action. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.
Trending Now:
A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.
Get ‘em while you can — investing in this asset class may be reaching a high-water mark but you can still make returns right now.
Here’s the latest list of major overbought players in this sector:
1. Medical Properties Trust Inc MPW: On Sept. 11, Medical Properties Trust announced it reached a global settlement agreement that restored its control over its real estate and severed its relationship with Steward Health Care. The company’s stock gained around 25% over the past month and has a 52-week high of $6.64.
RSI Value: 71.59
MPW Price Action: Shares of Medical Properties Trust gained 16.2% to close at $5.60 on Thursday.
2. American Healthcare REIT Inc AHR: On Aug. 5, American Healthcare posted better-than-expected quarterly earnings. \"Our first year as a listed company is off to a great start. Demand for healthcare real estate is evident in our portfolio performance. Growth in the first half of 2024 is exceeding the expectations we set at the beginning of the year prompting our upward revisions to Same-Store NOI growth guidance and NFFO guidance. As we plan for the balance of the year and into 2025, we expect the elevated levels of Same-Store NOI growth to persist due to the demand-supply imbalance present in long-term care,\" said Danny Prosky, the Company's President and Chief Executive Officer. The company’s stock gained around 38% over the past month and has a 52-week high of $23.74.
RSI Value: 87.94
AHR Price Action: Shares of American Healthcare REIT gained 3.5% to close at $23.69 on Thursday.
Better Yields Than Some REITs?
The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.
Arrived Homes, the Jeff Bezos-backed investment platform has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100.
Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
