T
he most undervalued stocks in the real estate sector present a buying opportunity. The Relative Strength Index (RSI) is a momentum indicator that compares a stock's strength on up days to its strength on down days, providing insight into short-term performance. An asset is considered oversold when the RSI falls below 30.
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Here are three major oversold players in the sector:
Armada Hoffler Properties Inc (NYSE:AHH) announced an underwritten offering on September 26, with its stock falling around 12% over five days. The RSI value is 29.97, and shares closed at $10.80 on Thursday.
La Rosa Holdings (NASDAQ:LRHC) entered into a debt restructuring agreement, deferring principal and interest payments until February 2025. Its stock fell around 36% in the past month, with an RSI value of 29.83. Shares gained 1% to close at $0.68 on Thursday.
Creative Media & Community Trust Corp (NASDAQ:CMCT) posted better-than-expected quarterly results but saw its shares fall around 63% over the past month. The RSI value is 14.80, and shares closed at $0.72 on Thursday after gaining 3.9%.
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