Top 3 Real Estate Stocks That May Plunge This Month

Core Viewpoint - Three stocks in the real estate sector are showing signs of being overbought, which may signal caution for momentum-focused investors [1]. Group 1: CBL & Associates Properties, Inc. - CBL & Associates reported an increase in quarterly EPS on November 11, with CEO Stephen D. Lebovitz stating that the shopping center industry's overall environment remains positive [4]. - The stock gained approximately 14% over the past month, reaching a 52-week high of $32.20 [4]. - The RSI value for CBL is 70.19, with shares closing at$31.44 on Friday [4]. Group 2: Macerich Co - On December 11, Piper Sandler analyst Alexander Goldfarb maintained an Underweight rating for Macerich and raised the price target from $14 to$17 [5]. - The stock increased around 11% over the past month, achieving a 52-week high of $22.27 [5]. - The RSI value for Macerich is 70.59, with shares closing at$21.50 on Friday [5]. Group 3: Sunstone Hotel Investors Inc - On December 9, Wells Fargo analyst Dori Kesten maintained an Equal-Weight rating for Sunstone Hotel Investors and raised the price target from $11 to$13 [6]. - The stock surged approximately 21% over the past month, reaching a 52-week high of $12.35 [6]. - The RSI value for Sunstone is 77.04, with shares closing at$12.21 on Friday [6].