Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains in October
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold real estate stocks, which are CubeSmart (CUBE), Five Point Holdings (FPH), CBRE Group (CBRE), National Storage Affiliates Trust (NSA), and Zillow Group (ZG). These stocks have an RSI value below 30, indicating they are oversold and could present buying opportunities. The article also provides recent price actions and analyst ratings for these stocks.
October 26, 2023 | 11:26 am
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POSITIVE IMPACT
Five Point Holdings posted a profit for the third quarter and closed at $2.32 on Wednesday.
The company's recent profit could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
CBRE Group was maintained with a Strong Buy by Raymond James analyst but the price target was lowered from $100 to $95. The stock closed at $65.76 on Wednesday.
The Strong Buy rating could positively impact the stock price, but the lowered price target could have a negative effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
National Storage Affiliates Trust is scheduled to release financial results on Nov. 1, 2023. The stock closed at $28.48 on Wednesday.
The upcoming financial results could impact the stock price, but the direction is uncertain until the results are released.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Zillow Group will release third-quarter 2023 financial results on Nov. 1, 2023. The stock closed at $37.24 on Wednesday.
The upcoming financial results could impact the stock price, but the direction is uncertain until the results are released.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
CubeSmart was recently downgraded from Overweight to Equal-Weight by Wells Fargo analyst with a $37 price target. The stock closed at $33.28 on Wednesday.
The downgrade by Wells Fargo analyst could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100