Value Investing Philosophy And Extra Space Storage Inc. (NYSE: EXR)?

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Extra Space Storage Inc. Reports 2023 Fourth Quarter and Year-End Results.

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Stocks Info

EXR belongs to the Real Estate sector of the NYSE while operating in the REIT – Industrial industry. The current market capitalization of Extra Space Storage Inc. is $31.20B. A total of 1.49 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EXR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 21 SELLs from insiders. Insiders purchased 186,994 shares during that period but sold 65,948.

In the most recent transaction, Saffire Joseph sold 25,000 shares of EXR for 154.10 per share on Dec 14. After the transaction, the Director now owns 42,344 company shares. In a previous transaction on Dec 13, Saffire Joseph sold 15,000 shares at 142.98 per share. EXR shares that Director owns now total 67,344.

Among the insiders who sold shares, Saffire Joseph disposed of 10,000 shares on Dec 12 at a per-share price of $139.32. This resulted in the Director holding 82,344 shares of EXR after the transaction. In another insider transaction, Margolis Joseph D bought 4,200 shares at $118.21 per share on Nov 13. Company shares held by the Chief Executive Officer now total 31,301.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Extra Space Storage Inc. pays an annual dividend of $6.48, resulting in a dividend yield of 4.39%, and it has a price to earnings (P/E) ratio of 30.12. EXR’s most recent ex-dividend date was 3/14/2024 when it declared a $1.62 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The EXR stock dividend was $1.62 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, EXR has a high of $170.30 and a low of $101.19.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $68.11, while its Total Shareholder’s Equity was $3.79B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.67.

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