Top 4 Real Estate Stocks Which Could Rescue Your Portfolio In Q3
Author: Avi Kapoor | July 23, 2024 09:16am
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.
Luxurban Hotels Inc (NASDAQ:LUXH)
- On July 16, LuxUrban Hotels announced the closing of public offering of securities. The company's stock fell around 20% over the past five days and has a 52-week low of $0.14.
- RSI Value: 29.50
- LUXH Price Action: Shares of Luxurban Hotels fell 4.9% to close at $0.15 on Monday.
- Benzinga Pro's real-time newsfeed alerted to latest Luxurban Hotels news.
Generation Income Properties Inc (NASDAQ:GIPR)
- On June 6, Maxim Group analyst Michael Diana downgraded Generation Income from Buy to Hold. The company's stock fell around 14% over the past five days. It has a 52-week low of $2.90.
- RSI Value: 28.61
- GIPR Price Action: Shares of Generation Income Properties fell 5.4% to close at $3.36 on Monday.
- Benzinga Pro's charting tool helped identify the trend in Generation Income Properties stock.
Medalist Diversified REIT Inc (NASDAQ:MDRR)
- On July 5, Medalist Diversified REIT announced a dividend of 5 cents per share on its common stock and 50 cents per share on its Series A Preferred stock. The company's stock dipped around 2% over the past five days and has a 52-week low of $8.24.
- RSI Value: 28.13
- MDRR Price Action: Shares of Medalist Diversified REIT closed at $12.20 on Monday.
- Benzinga Pro's signals feature notified of a potential breakout in MDRR shares.
Safe & Green Development Corp (NASDAQ:SGD)
- On July 22, Safe and Green Development announced their participation in the $400 million Pigmental Studios Development project set in St Mary’s, coastal Georgia. The company's shares lost around 24% over the past five days. The company's 52-week low is $0.29.
- RSI Value: 25.57
- SGD Price Action: Shares of Safe & Green Development fell 16.3% to close at $0.30 on Monday.
- Benzinga Pro's earnings calendar was used to track SGD upcoming earnings report.
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Posted In: GIPR LUXH MDRR SGD
