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.

Community Healthcare Trust Inc (NYSE:CHCT)

  • On Aug. 4, Community Healthcare Trust reported worse-than-expected second-quarter sales results. The company’s stock fell around 14% over the past five days and has a 52-week low of $13.23.
  • RSI Value: 29.8
  • CHCT Price Action: Shares of Community Healthcare Trust rose 1.7% to close at $15.85 on Friday.
  • Edge Stock Ratings: 91.92 Momentum score with Value at 93.51.

Tejon Ranch Co (NYSE:TRC)      

  • On Aug. 5, Tejon Ranch posted upbeat second-quarter results. “Last year we committed to a clear strategy of cost discipline and capital efficiency, and this quarter’s improved performance reflects a company executing its plan,” said Matthew Walker, President and Chief Executive Officer of Tejon Ranch Company. “Compared to the prior year, we’ve cut corporate expenses and grown Adjusted EBITDA approximately 47%. Revenue benefited from the Dedeaux land sale, a transaction that also launches a new industrial joint venture at Tejon Ranch Commerce Center in which we hold a 60% economic interest, while our multifamily, mineral resources, and ranch operations segments all grew.” The company’s stock fell around 9% over the past month and has a 52-week low of $15.31.
  • RSI Value: 28.5   
  • TRC Price Action: Shares of Compass Minerals gained 1.4% to close at $16.69 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in TRC stock.

Site Centers Corp (NYSE:SITC)

  • On Aug. 3, the company posted downbeat quarterly results. “Year to date, the Company has sold five properties, a land parcel and a joint venture interest for aggregate gross sales prices of approximately $167.8 million,” commented David R. Lukes, President and Chief Executive Officer. “SITE Centers remains focused on maximizing the value of its remaining assets through additional asset sales and resolution of its investment in the DTP joint venture.” The company’s stock fell around 25% over the past month and has a 52-week low of $2.89.
  • RSI Value: 25.2
  • SITC Price Action: Shares of Site Centers gained 0.6% to close at $3.15 on Friday.
  • Benzinga Pro’s newsdesk feature notified investors about recent developments in SITC 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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