share_log

Top 3 Real Estate Stocks Which Could Rescue Your Portfolio For Q4

Benzinga ·  Dec 24 21:34

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.

Equity Commonwealth (NYSE:EQC)

  • On Nov. 26, Equity Commonwealth completed the sale of 1250 H Street. The company's stock fell around 91% over the past month and has a 52-week low of $1.40.
  • RSI Value: 5
  • EQC Price Action: Shares of Equity Commonwealth fell 1.7% to close at $1.74 on Monday.
  • Benzinga Pro's real-time newsfeed alerted to latest EQC news.
big

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR)

  • On Nov. 15, Wheeler Real Estate Investment Trust announced a 1-for-2 reverse stock split. The company's stock fell around 52% over the past month and has a 52-week low of $3.75.
  • RSI Value: 24
  • WHLR Price Action: Shares of Wheeler Real Estate Investment Trust closed at $4.05 on Monday.
  • Benzinga Pro's charting tool helped identify the trend in WHLR stock.
big

LXP Industrial Trust (NYSE:LXP)

  • On Nov. 6, LXP Industrial Trust reported better-than-expected third-quarter financial results. T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented "We posted strong third-quarter results with same-store NOI growth of 5.4% driven by 39.1% cash rental increases on second generation leases completed through September 30, 2024. We made progress on development leasing, executing a five-year lease at our 250,000 square foot development project in Columbus with a development yield of 8.5% and 3.5% annual rental increases." The company's stock fell around 12% over the past month and has a 52-week low of $8.08.
  • RSI Value: 29
  • LXP Price Action: Shares of LXP Industrial Trust fell 0.5% to close at $8.28 on Monday.
  • Benzinga Pro's signals feature notified of a potential breakout in LXP shares.
big

Read This Next:

  • How To Earn $500 A Month From Qualcomm Stock
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment