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.

Outfront Media Inc (NYSE:OUT)

  • On Aug. 5, Outfront Media posted better-than-expected quarterly earnings. “We just completed a great second quarter which far exceeded our expectations across the board, with revenue, OIBDA, and AFFO all growing nicely,” said Nick Brien, Chief Executive Officer of OUTFRONT Media. “Our successful second quarter was a result of strong organic gains across all aspects of our business, which were also enhanced by the FIFA World Cup.” The company’s stock fell around 4% over the past five days and has a 52-week low of $16.97.
  • RSI Value: 29.9
  • OUT Price Action: Shares of Outfront Media slipped 0.6% to close at $28.64 on Wednesday.
  • Edge Stock Ratings: 76.48 Momentum score with Value at 27.83.

Weyerhaeuser Co (NYSE:WY)     

  • On July 30, Weyerhaeuser posted mixed quarterly results. The company’s stock fell around 11% over the past month and has a 52-week low of $21.16.
  • RSI Value: 29.8
  • WY Price Action: Shares of Weyerhaeuser fell 0.4% to close at $22.59 on Wednesday.
  • Benzinga Pro’s charting tool helped identify the trend in WY stock.

Macerich Co (NYSE:MAC)

  • On Aug. 7, Macerich announced the pricing of upsized offering of $675 million exchangeable senior notes due 2031. The company’s stock fell around 5% over the past month and has a 52-week low of $16.03.
  • RSI Value: 29.7
  • MAC Price Action: Shares of Macerich fell 2.3% to close at $23.03 on Wednesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in MAC 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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