In the real estate sector, oversold stocks are presenting an opportunity to invest in undervalued companies.
The RSI, a momentum indicator comparing a stock’s strength on up and down days, provides insight into short-term performance. When RSI falls below 30, it typically indicates an oversold asset, as per Benzinga Pro.
Here’s the latest list of major oversold players in this sector, with RSI near or below 30.
W. P. Carey Inc. WPC
- On Feb. 9, W.P. Carey reported worse-than-expected fourth-quarter results. The company’s stock fell around 17% over the past month and has a 52-week low of $50.30.
- RSI Value: 28.81
- WPC Price Action: Shares of W.P. Carey closed at $55.83 on Wednesday.
SBA Communications Corporation SBAC
- On Nov. 2, SBA Communications posted third-quarter AFFO per share of $3.34. The company’s stock fell around 12% over the past month and has a 52-week low of $185.23.
- RSI Value: 27.79
- SBAC Price Action: Shares of SBA Communications closed at $209.07 on Wednesday.
Healthpeak Properties, Inc. PEAK
- On Feb. 8, Healthpeak Properties posted upbeat fourth-quarter results. The company’s stock fell around 19% over the past month and has a 52-week low of $15.24.
- RSI Value: 29.73
- PEAK Price Action: Shares of Healthpeak Properties closed at $16.86 on Wednesday.
EPR Properties EPR
- EPR is expected to release its fourth quarter 2023 financial results after the closing bell on Feb. 28, 2024. The company’s shares lost around 11% over the past month and has a 52-week low of $33.92.
- RSI Value: 24.99
- EPR Price Action: Shares of EPR Properties closed at $41.90 on Wednesday.
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