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.

Hudson Pacific Properties Inc (NYSE:HPP)

  • On Jan. 9, BMO Capital analyst John Kim downgraded Hudson Pacific Properties from Outperform to Market Perform and cut the price target from $16 to $11. The company’s stock fell around 20% over the past month and has a 52-week low of $9.54.
  • RSI Value: 25.2
  • HPP Price Action: Shares of Hudson Pacific Properties fell 3.6% to close at $9.72 on Friday.
  • Edge Stock Ratings: 2.09 Momentum score.

Marcus & Millichap Inc (NYSE:MMI)    

  • On Nov. 7, Marcus & Millichap posted in-line earnings for the third quarter. “We delivered solid third quarter results that reflect our strength in navigating ongoing market complexities,” said Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap. The company’s stock fell around 6% over the past month and has a 52-week low of $25.82.
  • RSI Value: 28.1
  • MMI Price Action: Shares of Marcus & Millichap fell 2.9% to close at $26.14 on Friday.
  • Benzinga Pro’s charting tool helped identify the trend in MMI stock.

SBA Communications Corp (NASDAQ:SBAC)

  • On Dec. 16, Wells Fargo analyst Eric Luebchow maintained SBA Communications with an Equal-Weight rating and lowered the price target from $215 to $205. The company’s stock fell around 5% over the past five days and has a 52-week low of $179.89.
  • RSI Value: 28.3
  • SBAC Price Action: Shares of SBA Communications fell 0.1% to close at $181.20 on Friday.
  • Benzinga Pro’s signals feature notified of a potential breakout in SBAC shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

Read This Next:

Photo via Shutterstock