Top 4 Real Estate Stocks That Should Keep You Up At Night
Portfolio Pulse from Avi Kapoor
As of May 31, 2024, four real estate stocks—AMREP Corporation (AXR), Apartment Income REIT Corp. (AIRC), Latam Logistic Properties, S.A. (LPA), and Whitestone REIT (WSR)—are considered overbought based on their RSI values. Investors should be cautious as these stocks may be flashing warning signs.
May 31, 2024 | 12:51 pm
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NEUTRAL IMPACT
Apartment Income REIT Corp. is being taken private by Blackstone for roughly $10 billion. The stock has an RSI value of 72.45, indicating it is overbought.
The acquisition by Blackstone provides a stable outlook, but the high RSI value indicates the stock is overbought. The price may not see significant movement until the acquisition is completed.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Whitestone REIT announced preliminary results of its 2024 Annual Meeting of shareholders. The stock has jumped around 13% over the past month and has an RSI value of 70.35, indicating it is overbought.
While the stock has seen a recent jump, the high RSI value indicates it is overbought. However, the impact of the Annual Meeting results may provide some stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
AMREP Corporation reported earnings of 2 cents per share for its 2024 fiscal third quarter, a significant drop from $3.12 per share a year ago. The stock has gained around 6% over the past five days and has an RSI value of 72.82, indicating it is overbought.
The significant drop in earnings and the high RSI value suggest that the stock may be overbought and could face downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Latam Logistic Properties, S.A. named new COO and CFO. The stock has surged 2,297% over the past five days and has an RSI value of 98.83, indicating it is extremely overbought.
The massive surge in stock price and extremely high RSI value suggest that the stock is highly overbought and may face significant downward pressure in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100