Momentum Is Strong For Extra Space Storage Inc. (NYSE: EXR)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2024 Results.

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Stocks Info

This NYSE-listed company operates within the REIT – Industrial industry segment, falling under the Real Estate sector. The current market capitalization of Extra Space Storage Inc. is $31.05B. A total of 0.84 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Extra Space Storage Inc. pays an annual dividend of $6.48, resulting in a dividend yield of 4.42%, and it has a price to earnings (P/E) ratio of 29.97. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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 3.56.

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