Top Oversold Real Estate Stocks Present Buying Opportunities

The real estate sector has become a focal point for investors looking to capitalize on undervalued stocks. The current market presents an opportunity to acquire shares in companies that are considered oversold.

The Relative Strength Index (RSI) serves as a momentum indicator, analyzing a stock’s strength on days with price increases compared to days with price declines. An RSI value below 30 typically signifies that a stock is oversold, according to Benzinga Pro. This data aids traders in predicting short-term stock performance.

Here’s a detailed overview of the prominent oversold players in the real estate sector, each with an RSI near or below 30.

Park Hotels & Resorts Inc PK

• On March 21, Truist Securities analyst Patrick Scholes reaffirmed a Buy rating for Park Hotels & Resorts, lowering the price target from $18 to $16. The company’s stock declined approximately 11% in the past month and recorded a 52-week low of $10.46.
• RSI Value: 28.2
• PK Price Action: Shares of Park Hotels & Resorts rose by 0.3%, closing at $10.68 on Monday.
• Edge Stock Ratings reflected a momentum score of 17.07, with a value score of 87.93.

Xenia Hotels & Resorts Inc XHR

• On March 24, Keybanc analyst Austin Wurschmidt upheld an Overweight rating for Xenia Hotels & Resorts, reducing the price target from $17 to $16. The company’s stock has dropped about 12% over the past month and has a 52-week low of $11.43.
• RSI Value: 24.5
• XHR Price Action: Shares of Xenia Hotels & Resorts increased by 0.8%, closing at $11.76 on Monday.
• Benzinga Pro’s charting tool identified the trend in XHR stock.

Braemar Hotels & Resorts BHR

• Braemar is set to release its earnings report for the first quarter after the market closes on Wednesday, May 7. The company’s stock has decreased around 12% in the past month and reached a 52-week low of $1.91.
• RSI Value: 27.1
• BHR Price Action: Shares of Braemar Hotels fell by 3.5%, closing at $2.49 on Monday.
• Benzinga Pro’s signals feature has indicated a potential breakout for BHR shares.

Unlock the rest of the BZ Edge Rankings to see how top stocks compare.

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