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.

Crown Castle Inc (NYSE:CCI)

  • On May 21, Crown Castle named Kris Hinson as chief commercial officer and Mark Lennon as chief information officer. “Kris Hinson is the right person to fill the commercial spot on our executive leadership team as we embark as a pure-play U.S. tower company. In his three years at Crown Castle, he’s demonstrated deep knowledge of our business and built a strong reputation with our Board of Directors and investors as our VP of Corporate Finance and Treasurer,” said Chris Hillabrant, Crown Castle’s President and Chief Executive Officer. The company’s stock fell around 9% over the past month and has a 52-week low of $75.96.
  • RSI Value: 29.7
  • CCI Price Action: Shares of Crown Castle fell 2.6% to close at $82.14 on Wednesday.
  • Edge Stock Ratings: 17.77 Momentum score with Value at 14.59.

Zillow Group Inc (NASDAQ:Z)    

  • On May 6, Zillow reported quarterly earnings of 53 cents per share, which beat the consensus estimate of 46 cents, according to Benzinga Pro data. Quarterly revenue came in at $708 million, which beat the Street estimate of $705.26 million. “Zillow’s integrated platform is delivering meaningful value for buyers, sellers, renters and real estate professionals alike,” said Zillow CEO Jeremy Wacksman. The company’s stock fell around 15% over the past month and has a 52-week low of $30.08.
  • RSI Value: 29
  • Z Price Action: Shares of Zillow rose 0.1% to close at $30.54 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in Z stock.

Braemar Hotels & Resorts (NYSE:BHR)

  • On June 15, Baird analyst Michael Bellisario maintained Braemar Hotels & Resorts with a Neutral and lowered the price target from $3.5 to $2. The company’s stock fell around 20% over the past month and has a 52-week low of $1.97.
  • RSI Value: 27.9
  • BHR Price Action: Shares of Braemar Hotels fell 1.5% to close at $2.02 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in BHR 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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