Top 4 Undervalued Stocks to Watch in 2024

Smart investors are always trying to get the best possible deal on whatever security or asset they are buying. The better the deal, the higher the chance of generating a substantial ROI. To do so, we use a wide array of tools to try and analyze today's top undervalued stocks. Within this report you'll find 4 stocks selling below intrinsic value with growth potential.

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Top 3 Real Estate Stocks That Are Set To Fly

Avi Kapoor
April 29, 2024

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.

American Realty Investors, Inc. (NYSE:ARL)

  • On March 22, American Realty Investors posted a loss for the fourth quarter. The company's stock fell around 20% over the past month and has a 52-week low of $11.69 .
  • RSI Value: 28.53
  • ARL Price Action: Shares of American Realty Investors gained 3.4% to close at $14.32 on Friday.

Prologis, Inc. (NYSE:PLD)

  • On April 17, Prologis, reported first-quarter FY24 results. Rental revenue of $1.83 billion missed the consensus estimates of $1.87 billion. The company's average occupancy stood at 96.8%, with a leased 45.0MSF operating portfolio and a 3.1MSF development portfolio. The company's stock fell around 19% over the past month. It has a 52-week low of $96.64.
  • RSI Value: 22.37
  • PLD Price Action: Shares of Prologis rose 0.7% to close at $104.06 on Friday.

Transcontinental Realty Investors, Inc. (NYSE:TCI)

  • On March 22, Transcontinental Realty posted a loss for the fourth quarter. The company's has a 52-week low of $27.23.
  • RSI Value: 18.72
  • TCI Price Action: Shares of Transcontinental Realty Investors fell 0.8% to close at $28.96 on Friday.

Read More: Investor Optimism Improves Following Earnings Reports; US Stocks Notch Weekly Gains

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