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

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 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.

Wheeler Real Estate Investment Trust Inc 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 <a href=”https://www.benzinga.com/quote/WHLR”><em> has a 52-week low </em></a> 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.

LXP Industrial Trust 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.

Investors cheered as Bitcoin skyrocketed, buoyed by China’s stimulus plan. The cryptocurrency broke through the US$62,640 mark on Sunday evening and soared past US$66,400 by Monday morning, igniting a frenzy in the market. Liquidated short positions exceeded US$100 million, indicating a significant shake-up in the crypto landscape.

An all-time high in open interest for Bitcoin futures signifies robust institutional involvement, fueling hopes for a prolonged bullish trend. With daily ETF inflows exceeding US$250 million, traders are rife with excitement, anticipating further gains in the sector. Analyst Omkar Godbole hints at a substantial upward trajectory, with eyes now set on the US$70,000 milestone for Bitcoin and a $2,770 hurdle for Ether.

Chart via CoinGecko.

Bitcoin concluded the week at US$68,362, while Ether settled at US$2,663. Political speculations surrounding the US election also lent momentum to Bitcoin's trajectory.

Vice President Kamala Harris' voiced support for crafting a regulatory framework for cryptocurrencies on Monday, though lacking specifics, stirred the industry. Ripple Labs co-founder Chris Larsen made headlines by generously donating US$1 million in XRP tokens to Future Forward, a super PAC backing Harris’ endeavors.

Chip Stocks Tumble on Export Cap Reports

The tech industry was rocked by a wave of uncertainty as chip stocks nosedived due to export restriction murmurs. Market volatility reigned, creating uneasiness among investors.

Financial News Article US Considers Limiting AI Chip Sales Amidst National Security Concerns