Top 4 Real Estate Stocks Which Could Rescue Your Portfolio In Q3
Portfolio Pulse from Avi Kapoor
The article highlights four oversold real estate stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Luxurban Hotels Inc (NASDAQ:LUXH), Generation Income Properties Inc (NASDAQ:GIPR), Medalist Diversified REIT Inc (NASDAQ:MDRR), and Safe & Green Development Corp (NASDAQ:SGD).
July 23, 2024 | 1:16 pm
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NEUTRAL IMPACT
Generation Income Properties Inc (NASDAQ:GIPR) was downgraded by Maxim Group from Buy to Hold. The stock fell around 14% over the past five days, with an RSI value of 28.61, indicating it is oversold.
The downgrade and recent price decline suggest caution, but the RSI value indicates it may be oversold.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Luxurban Hotels Inc (NASDAQ:LUXH) recently closed a public offering of securities, but its stock has fallen around 20% over the past five days, reaching a 52-week low of $0.14. The RSI value is 29.50, indicating it is oversold.
The recent decline in stock price and the RSI value below 30 suggest that LUXH is oversold, presenting a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Medalist Diversified REIT Inc (NASDAQ:MDRR) announced a dividend of 5 cents per share on its common stock. The stock dipped around 2% over the past five days, with an RSI value of 28.13, indicating it is oversold.
The dividend announcement and the RSI value below 30 suggest MDRR is oversold, presenting a potential buying opportunity.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Safe & Green Development Corp (NASDAQ:SGD) announced participation in a $400 million project. The stock lost around 24% over the past five days, with an RSI value of 25.57, indicating it is oversold.
The significant project involvement and the RSI value below 30 suggest SGD is oversold, presenting a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100