The Question Is Whether To Buy Or Not To Buy Extra Space Storage Inc. (NYSE: EXR)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Extra Space Storage Inc. Reports 2023 Fourth Quarter and Year-End Results.

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Stocks Info

Extra Space Storage Inc. is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Industrial industry. The current market capitalization of Extra Space Storage Inc. is $31.86B. A total of 1.1 million shares were traded on the day, compared to an average of 1.23M shares.

In the most recent transaction, Sondhi Samrat sold 2,048 shares of EXR for 146.46 per share on Mar 04 ’24. After the transaction, the Executive VP and CMO now owns 94,126 company shares. In a previous transaction on Mar 04 ’24, Herrington Matthew T sold 134 shares at 142.68 per share. EXR shares that EVP & COO owns now total 0.

Among the insiders who sold shares, Saffire Joseph disposed of 25,000 shares on Dec 14 ’23 at a per-share price of $154.10. This resulted in the Director holding 42,344 shares of EXR after the transaction. In another insider transaction, Saffire Joseph sold 15,000 shares at $142.98 per share on Dec 13 ’23. Company shares held by the Director now total 67,344.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Extra Space Storage Inc. pays an annual dividend of $6.48, resulting in a dividend yield of 4.30%, and it has a price to earnings (P/E) ratio of 30.75. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, EXR has a high of $166.28 and a low of $101.19.

As of this writing, EXR has an earnings estimate of $0.98 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $1.02 per share and a lower estimate of $0.93. The company reported an EPS of $0.96 in the last quarter, which was 33.30% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $68.11, while its Total Shareholder’s Equity was $3.79B.

Analysts Opinion

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. 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 3.53.

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