Top 3 Real Estate Stocks Which Could Rescue Your Portfolio In Q2
Author: Avi Kapoor | June 11, 2024 08:04am
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
On April 23, CoStar Group reported better-than-expected first-quarter financial results.. The company's stock fell around 14% over the past month and has a 52-week low of $67.35.
RSI Value: 24.07
CSGP Price Action: Shares of CoStar Group rose 0.3% to close at $76.43 on Monday.
On April 30, DigitalBridge posted first-quarter earnings of 1 cent per share on revenue of $74.39 million. The company's stock fell around 12% over the past month. It has a 52-week low of $12.33.
RSI Value: 28.93
DBRG Price Action: Shares of DigitalBridge Group fell 0.5% to close at $12.88 on Monday.
On May 1, RLJ Lodging posted better-than-expected quarterly sales. “Our first quarter RevPAR growth came in line with our expectations given the holiday shift and we once again exceeded the industry while gaining market share,” commented Leslie D. Hale, President and Chief Executive Officer. The company's stock fell around 6% over the past month and has a 52-week <a href=”https://www.benzinga.com/quote/RLJ”><em> low of $9.06.</em></a>
RSI Value: 29.64
RLJ Price Action: Shares of RLJ Lodging Trust gained 0.6% to close at $9.78 on Monday.
