The most oversold stocks in the real estate sector offer an opportunity to buy into undervalued companies.
The RSI is a momentum indicator that compares a stock’s strength on rising days to its strength on falling days. Compared to a stock’s price action, it can give traders a better sense of how a stock might perform in the short term. An asset is usually considered oversold when the RSI is below 30.
Here is the latest list of the major oversold players in this sector with an RSI near or below 30.
National Health Investors, Inc. NHI
- Credit Suisse recently upgraded National Health Investors to Neutral from Underperform and raised its price target to $58 from $47. The company’s stock has a 52-week low of $50.22 .
- RSI value: 29.18
- NHI Price Promotion: Shares of National Health Investors gained 0.8% to trade at $52.11 on Thursday.
CBL & Associates Properties, Inc CBL
- CBL Properties last month announced a special common stock dividend of $2.20 per share, payable entirely in cash. The firms The stock is at a 52-week low from $21.66.
- RSI value: 25.13
- CBL Price Action: Shares of CBL & Associates Properties gained 0.4% to close at $22.82 on Thursday, up 0.1% in after-hours trade.
Altisource Portfolio Solutions SA ASPS
- Altisource Portfolio posted a bigger-than-expected Q3 loss last month. The company’s stock has a 52 week low of $8.68.
- RSI value: 29.57
- ASPS Price Promotion: Altisource Portfolio Solutions shares fell 0.2% to close at $9.96 on Thursday.
WeWork Inc. WE
- WeWork reported last month devastating results for its third quarter. The company’s 52-week low is $1.02.
- RSI value: 24.32
- WE Price Promotion: Shares of WeWork gained 11.1% to close at $1.20 on Thursday, up 0.8% in after-hours trading.
NexPoint Diversified Real Estate Trust NXDT
- Shares in NexPoint Diversified Real Estate Trust have fallen about 33% over the past six months. The enterprise has a 52-week low from $10.79.
- RSI value: 04/27
- NXDT…
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