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.

Public Storage (NYSE:PSA)

  • On Sept. 9, Public Storage priced public offering of C$400 million senior notes in its inaugural offering in the Canadian market. The company’s stock fell around 12% over the past month and has a 52-week low of $256.54.
  • RSI Value: 26.1
  • PSA Price Action: Shares of Public Storage fell 0.8% to close at $284.56 on Thursday.
  • Benzinga Pro’s newsdesk tool helped identify recent developments in PSA stock.

Crown Castle Inc (NYSE:CCI)     

  • On Sept. 14, Crown Castle announced CFO retirement and COO transition, while naming Kris Hinson as next CFO. The company’s stock fell around 11% over the past month and has a 52-week low of $67.54.
  • RSI Value: 22.8
  • CCI Price Action: Shares of Crown Castle fell 3.7% to close at $67.63 on Thursday.
  • Benzinga Pro’s charting tool helped identify the trend in CCI stock.

Extra Space Storage Inc. (NYSE:EXR)

  • On Monday, JP Morgan analyst Michael Mueller maintained Extra Space Storage with a Neutral and lowered the price target from $157 to $153, while Evercore ISI Group analyst Steve Sakwa maintained the stock with an In-Line rating and cut the price target from $152 to $146. The company’s stock fell around 9% over the past month has a 52-week low of $125.71.
  • RSI Value: 28.3
  • EXR Price Action: Shares of Extra Space Storage fell 1.2% to close at $132.23 on Thursday.
  • Benzinga Pro’s signals feature notified of a potential breakout in EXR shares.

BZ Edge Rankings: Find out where other stocks stand—explore the full comparison now.

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