Top 3 Real Estate Stocks That May Rocket Higher In July

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.

Apartment Investment and Management Co (NYSE:AIV)

• On March 2, Apartment Investment and Management posted fourth-quarter EPS from continuing operations of $1.06. The company’s stock fell around 5% over the past five days and has a 52-week low of $2.79.
• RSI Value: 20.8
• AIV Price Action: Shares of Apartment Investment fell 2.3% to close at $2.79 on Thursday.
• Benzinga Pro’s newsdesk tool helped identify latest developments in AIV stock.

Ohmyhome Ltd (NASDAQ:OMH)           

• On June 17, Ohmyhome entered into agreement to sell all shares in Ohmyhome BVI to Sterling Oat for purchase price of $1. The company’s stock fell around 47% over the past month and has a 52-week low of $0.32.
• RSI Value: 27.5
• OMH Price Action: Shares of Ohmyhome gained 8.5% to close at $0.38 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in OMH stock.

MacKenzie Realty Capital Inc (NASDAQ:MKZR)

• On May 15, Mackenzie Realty Capital posted third-quarter loss of 98 cents per share, versus a loss of 4.68 per share in the year-ago period. Robert Dixon, CEO and President of MacKenzie Realty Capital, said, “The quarterly results were in line with our internal expectations, and we are pleased with return to FFO profitability. We remain focused on successfully executing our growth initiatives while maintaining financial discipline which we believe will deliver sustained value creation over the long term.” The company’s stock fell around 30% over the past month and has a 52-week low of $1.58.
• RSI Value: 28.8
• MKZR Price Action: Shares of MacKenzie Realty Capital fell 4.7% to close at $1.62 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in MKZR 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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