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Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Quarter

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Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Quarter

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.

Digital Realty Trust Inc (NYSE:DLR)

  • On Jan. 27, JMP Securities analyst Greg Miller initiated coverage on Digital Realty Trust with a Market Outperform and announced a $220 price target. The company' stock fell around 9% over the past five days and has a 52-week low of $131.42.
  • RSI Value: 24.1                          
  • DLR Price Action: Shares of Digital Realty Trust fell 8.7% to close at $164.74 on Monday.
  • Benzinga Pro's real-time newsfeed alerted to latest DLR news.

InterGroup Corp (NASDAQ:INTG)        

  • The company's stock fell around 16% over the past five days and has a 52-week low of $11.81.
  • RSI Value: 24.5
  • INTG Price Action: Shares of InterGroup International fell 4.1% to close at $11.86 on Monday.
  • Benzinga Pro’s charting tool helped identify the trend in INTG stock.

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR)

  • On Nov. 15, 2014, Wheeler Real Estate Investment Trust announced a 1-for-2 reverse stock split. The company's stock fell around 47% over the past month and has a 52-week low of $1.82.
  • RSI Value: 25.1
  • WHLR Price Action: Shares of Wheeler Real Estate Investment Trust jumped 294% to close at $7.84 on Monday.
  • Benzinga Pro’s signals feature notified of a potential breakout in WHLR shares.

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Posted-In: Expert Ideas Oversold Stocks Pro ProjectLong Ideas News Pre-Market Outlook Markets Trading Ideas

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