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Tuesday, June 6, 2023

Insights Into Extra Space Storage Inc. (EXR) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Extra Space Storage Inc. (EXR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.32, or -0.20%, to $156.11. The Extra Space Storage Inc. has recorded 6,311 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Extra Space Storage Inc. Reports 2023 First Quarter Results.

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Stocks Info

Extra Space Storage Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Industrial industry. At the end of the last regular session, the stock closed at $156.43 and fluctuated between $157.25 as its day high and $153.70 as its day low. The current market capitalization of Extra Space Storage Inc. is $20.58B. A total of 0.98 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, EXR has seen 13 BUY and 29 SELL insider trades, representing the acquisition of 75,240 and the disposition of 22,593 shares. Over the last 12 months, there were 25 BUYs and 35 SELLs from insiders. Insiders purchased 87,735 shares during that period but sold 25,014.

In the most recent transaction, Margolis Joseph D sold 5,000 shares of EXR for 160.07 per share on Apr 04. After the transaction, the Chief Executive Officer now owns 15,144 company shares. In a previous transaction on Mar 08, Herrington Matthew T sold 650 shares at 165.75 per share. EXR shares that EVP & COO owns now total 6,405.

Among the insiders who sold shares, McNeal Gwyn Goodson disposed of 1,500 shares on Mar 02 at a per-share price of $164.00. This resulted in the EVP/Chief Legal Officer holding 32,290 shares of EXR after the transaction. In another insider transaction, Sondhi Samrat sold 6,290 shares at $161.88 per share on Feb 27. Company shares held by the Executive VP and CMO now total 82,653.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Extra Space Storage Inc. pays an annual dividend of $6.48, resulting in a dividend yield of 4.14%, and it has a price to earnings (P/E) ratio of 23.45. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for EXR in the last 3 months, the mean price target is $172.90 with high estimates of $189.00 and low estimates of $145.00. In terms of 52-week highs and lows, EXR has a high of $216.52 and a low of $139.97.

As of this writing, EXR has an earnings estimate of $1.51 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.55 per share and a lower estimate of $1.46. The company reported an EPS of $1.52 in the last quarter, which was 4.10% higher than expectations of $1.46.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. EXR’s latest balance sheet shows that the firm has $71.13M in Cash & Short Term Investments as of fiscal 2021. There were $6.19B in debt and $740.87M in liabilities at the time. Its Book Value Per Share was $24.19, while its Total Shareholder’s Equity was $3.79B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.44.

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