Top 4 Real Estate Stocks That Could Lead To Your Biggest Gains In Q3

Author: Avi Kapoor | July 11, 2024 07:39am

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.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

• On April 25, Altisource Portfolio Solutions reported better-than-expected first-quarter financial results. “I am very pleased with our first quarter performance…We are winning meaningful new business and ramping 2023 sales wins on a lower cost base. In our Servicer and Real Estate segment, we are winning market share. In our Origination segment, we are increasing adoption of our solutions that help originators save money,” said Chairman and Chief Executive Officer William B. Shepro. The company's stock fell around 42% over the past month and has a 52-week low of $1.04.
• RSI Value: 22.77
• ASPS Price Action: Shares of Altisource Portfolio Solutions fell 7.1% to close at $1.04 on Wednesday.
• Benzinga Pro's real-time newsfeed alerted to latest ASPS news.

CoStar Group Inc (NASDAQ:CSGP)      

• On June 18, CoStar Group appointed Chris Lown as Chief Financial Officer. “As we seek to build upon our strong performance in recent years, I’m confident Chris is the right person to lead CoStar Group’s financial operations,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. The company's stock fell around 6% over the past month. It has a 52-week low of $67.35.
• RSI Value: 29.23
• CSGP Price Action: Shares of CoStar Group gained 0.4% to close at $71.84 on Wednesday.
• Benzinga Pro's charting tool helped identify the trend in CSGP stock.

Anywhere Real Estate Inc. (NYSE:HOUS)

• On April 25, Anywhere Real Estate posted a first-quarter GAAP loss of 91 cents per share. The company's stock has a 52-week low of $3.01.
• RSI Value: 28.39
• HOUS Price Action: Shares of Anywhere Real Estate gained 0.6% to close at $3.27 on Wednesday.
• Benzinga Pro's signals feature notified of a potential breakout in HOUS shares.

Creative Media & Community Trust Corp (NASDAQ:CMCT)

• On May 15, Creative Media posted better-than-expected quarterly sales. “Our core FFO improved from the fourth quarter of 2023 primarily due to hotel seasonality and an increase in office net operating income,” said David Thompson, Chief Executive Officer of Creative Media & Community Trust Corporation. The company's shares lost around 17% over the past month. The company's 52-week low is $2.06.
• RSI Value: 24.92
• CMCT Price Action: Shares of Creative Media & Community Trust fell 3.6% to close at $2.43 on Wednesday.
• Benzinga Pro's earnings calendar was used to track CMCT’s upcoming earnings report.

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Posted In: ASPS CMCT CSGP HOUS