Top 3 Real Estate Stocks That Are Preparing To Pump In Q1

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.

Piedmont Realty Trust Inc (NYSE:PDM)

• On March 9, Truist Securities analyst Michael Lewis maintained Piedmont Realty Trust with a Buy and lowered the price target from $11 to $10. The company's stock fell around 17% over the past month and has a 52-week low of $5.46.
• RSI Value: 29.4
• PDM Price Action: Shares of Piedmont Realty Trust fell 1.5% to close at $7.04 on Tuesday.
• Edge Stock Ratings: 19.08 Momentum score with Value at 65.50.

Transcontinental Realty Investors Inc (NYSE:TCI)      

• On Nov. 6, Transcontinental Realty posted a decline in EPS for the third quarter. The company's stock fell around 32% over the past month and has a 52-week low of $26.96.
• RSI Value: 29.1
• TCI Price Action: Shares of Transcontinental Realty Investors fell 1.4% to close at $36.31 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in TCI stock.

Empire State Realty Trust Inc (NYSE:ESRT)

• On March 2, Wells Fargo analyst Blaine Heck maintained Empire State Realty Trust with an Underweight rating and lowered the price target from $6.8 to $6.3. The company's stock fell around 16% over the past month and has a 52-week low of $5.23.
• RSI Value: 28.6
• ESRT Price Action: Shares of Empire State Realty Trust gained 0.6% to close at $5.37 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in ESRT shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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