Extra Space Storage Inc (EXR) achieved a strong ranking in the top 25% of a dividend stock coverage universe due to its solid fundamentals and attractive valuation. On Thursday, shares of EXR traded as low as $134.83, indicating it had entered oversold territory with a Relative Strength Index (RSI) of 29.4, below the oversold threshold of 30.
The average RSI for the dividend stocks covered by Dividend Channel is 49.6. Currently, EXR offers an annualized dividend of $6.48 per share, translating to a yield of 4.34% based on a recent price of $149.34. Investors may consider this oversold status as an opportunity to buy, especially as the recent heavy selling might be exhausting.
