Diving headfirst into the tumultuous waters of the real estate market, investors are presented with a unique opportunity to dive into the deep end of undervalued stocks in this sector.
The Relative Strength Index (RSI) serves as a compass guiding traders amid stormy seas. Comparing a stock’s momentum on up days versus down days, the RSI helps paint a clearer picture of short-term performance. When the RSI dips below 30, a stock is often deemed oversold, beckoning investors to explore uncharted territories, as per Benzinga Pro.
Below is a crew of noteworthy players in the real estate realm, riding the waves of an RSI near or below 30, ready to set sail for new horizons.
The Fortress of Office Properties Income Trust OPI
- Weathering the storm, Office Properties Income Trust saw a glimmer of hope on Feb. 15 with strong quarterly sales. Despite the recent dip of around 17% in the past five days, the company stands tall with a 52-week low of $2.70.
- RSI Value: 25.19
- OPI Price Action: Anchoring at $2.70, shares of Office Properties Income Trust closed 5.6% lower on Wednesday.
Orion Office REIT Inc.: A Ship in Distress ONL
- Sailing through rough waters, Orion Office REIT faced turbulent seas on Feb. 27 with disappointing fourth-quarter results and a gloomy FY24 Core FFO outlook. Despite the headwinds, the company remains steadfast, having weathered a 21% decrease in the past five days, with a 52-week low of $3.65.
- RSI Value: 25.45
- ONL Price Action: Battling the waves, shares of Orion Office REIT closed 16.9% lower at $3.68 on Wednesday.
- Charting a course through turbulent times, City Office REIT faced choppy waters on Feb. 22 with lackluster quarterly sales. Despite the recent 10% decline in the past five days, the company remains resilient with a 52-week low of $3.4550.
- RSI Value: 29.62
- CIO Price Action: Weathering the storm, shares of City Office REIT closed at $4.12 on Wednesday.
Navigate through these troubled waters and find solace in potential returns. Read More: Shoals Technologies Posts Weak Q4 Results, Joins Butterfly Network, Schrödinger And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session.
