Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In Q4

Author: Lisa Levin | October 12, 2023 08:38am

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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Fathom Holdings Inc. (NASDAQ:FTHM)

• Fathom Holdings posted a wider-than-expected second-quarter loss. "We've made significant progress this year in advancing our growth strategy while continuing to adapt and thrive in the rapidly evolving residential real estate industry," said Fathom CEO Joshua Harley. The company’s stock has a 52-week low of $3.25 .
• RSI Value: 20.78
• FTHM Price Action: Shares of Fathom fell 1.6% to close at $3.69 on Wednesday.

RE/MAX Holdings, Inc. (NYSE:RMAX)

• RE/MAX Hldgs posted in-line earnings for the second quarter. "We were pleased to see continued RE/MAX agent count growth in Canada and our global regions during the second quarter. Despite industry headwinds, agent count in Canada has increased each month since February, and our overall international agent growth also accelerated in the second quarter," said Steve Joyce, RE/MAX Holdings Chief Executive Officer. It has a 52-week low of $11.46.
• RSI Value: 29.60
• RMAX Price Action: Shares of RE/MAX Holdings fell 0.9% to close at $11.89 on Wednesday.

Redfin Corporation (NASDAQ:RDFN)

• DA Davidson analyst Tom White recently upgraded Redfin from Underperform to Neutral and lowered the price target from $8.5 to $8. The company’s stock has a 52-week low of $3.08.
• RSI Value: 23.56
• RDFN Price Action: Shares of Redfin gained 0.1% to close at $6.45 on Wednesday.

Clipper Realty Inc. (NYSE:CLPR)

• Clipper Realty posted downbeat sales for its second quarter. David Bistricer, Co-Chairman and Chief Executive Officer, said, "The second quarter of 2023 for the Company has produced record quarterly revenue and NOI and the highest AFFO in 3 years. This is the fourth straight quarter of record revenue and demonstrates the strength of the current rental market." The company’s 52-week low is $4.7810.
• RSI Value: 26.08
• CLPR Price Action: Shares of Clipper Realty gained 0.6% to close at $4.92 on Wednesday.

NETSTREIT Corp. (NYSE:NTST)

• Keybanc analyst Todd Thomas downgraded Netstreit from Sector Weight to Underweight and announced a $13 price target. The company has a 52-week low of $14.49.
• RSI Value: 29.25
• NTST Price Action: Shares of NETSTREIT gained 0.9% to close at $15.30 on Wednesday.

 

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Posted In: CLPR FTHM NTST RDFN RMAX