The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Extra Space Storage Inc. (EXR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.01%, to $167.29. The Extra Space Storage Inc. has recorded 19,527 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Extra Space Storage Inc. Reports 2022 Fourth Quarter and Year-End Results.
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The company is listed on the NYSE and operates within the REIT – Industrial industry segment. At the end of the last regular session, the stock closed at $167.27 and fluctuated between $169.66 as its day high and $166.70 as its day low. The current market capitalization of Extra Space Storage Inc. is $22.29B. A total of 0.64 million shares were traded on the day, compared to an average of 1.07M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, EXR has seen 7 BUY and 1 SELL insider trades, representing the acquisition of 47,808 and the disposition of 224 shares. Over the last 12 months, there were 20 BUYs and 16 SELLs from insiders. Insiders purchased 70,029 shares during that period but sold 21,461.
In the most recent transaction, McNeal Gwyn Goodson sold 1,500 shares of EXR for 164.00 per share on Mar 02. After the transaction, the EVP/Chief Legal Officer now owns 32,290 company shares. In a previous transaction on Feb 27, Sondhi Samrat sold 6,290 shares at 161.88 per share. EXR shares that Executive VP and CMO owns now total 82,653.
Among the insiders who sold shares, Margolis Joseph D disposed of 5,000 shares on Apr 01 at a per-share price of $208.34. This resulted in the Chief Executive Officer holding 20,144 shares of EXR after the transaction. In another insider transaction, Woolley Kenneth M. bought 10,500 shares at $200.75 per share on Mar 07. Company shares held by the Director now total 400,883.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Extra Space Storage Inc. pays an annual dividend of $6.48, resulting in a dividend yield of 3.87%, and it has a price to earnings (P/E) ratio of 26.10. EXR’s most recent ex-dividend date was 3/14/2023 when it declared a $1.62 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/13/2022. The EXR stock dividend was $1.50 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for EXR in the last 3 months, the mean price target is $170.92 with high estimates of $210.00 and low estimates of $145.00. In terms of 52-week highs and lows, EXR has a high of $222.35 and a low of $139.97.
As of this writing, EXR has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.55 per share and a lower estimate of $1.38. The company reported an EPS of $1.64 in the last quarter, which was 11.60% higher than expectations of $1.47.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EXR is Hold with a score of 3.45. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.