Extra Space Storage Inc. (NYSE: EXR) Could Achieve Gains In The Near Future

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. Yahoo Finance discussed the stock recently as it posted Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2024 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. The current market capitalization of Extra Space Storage Inc. is $31.10B. A total of 1.21 million shares were traded on the day, compared to an average of 1.20M shares.

In the most recent transaction, McNeal Gwyn Goodson sold 1,350 shares of EXR for 150.00 per share on Mar 08 ’24. After the transaction, the EVP/Chief Legal Officer now owns 35,678 company shares. In a previous transaction on Mar 07 ’24, McNeal Gwyn Goodson sold 1,350 shares at 145.00 per share. EXR shares that EVP/Chief Legal Officer owns now total 37,028.

Among the insiders who sold shares, Sondhi Samrat disposed of 2,048 shares on Mar 04 ’24 at a per-share price of $146.46. This resulted in the Executive VP and CMO holding 94,126 shares of EXR after the transaction. In another insider transaction, Herrington Matthew T sold 134 shares at $142.68 per share on Mar 04 ’24. Company shares held by the EVP & COO now total 0.

Dividend

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 4.41%, and it has a price to earnings (P/E) ratio of 30.02. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, EXR has a high of $165.85 and a low of $101.19.

As of this writing, EXR has an earnings estimate of $0.99 per share for the current quarter. EPS was calculated based on a consensus of 8 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

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 $68.11, 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 3.63.

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