Extra Space Storage (EXR) Projected to Post Earnings on Tuesday

Extra Space Storage (NYSE:EXR - Get Free Report) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Extra Space Storage to post earnings of $1.10 per share and revenue of $707.02 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Extra Space Storage Trading Down 0.1 %

Shares of Extra Space Storage stock traded down $0.09 on Friday, reaching $155.85. The company had a trading volume of 1,124,676 shares, compared to its average volume of 1,237,376. The firm's 50 day moving average price is $151.65 and its two-hundred day moving average price is $163.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. Extra Space Storage has a 52-week low of $131.02 and a 52-week high of $184.87. The firm has a market cap of $33.04 billion, a PE ratio of 40.80, a PEG ratio of 7.65 and a beta of 0.91.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.16%. Extra Space Storage's payout ratio is 169.63%.

Wall Street Analyst Weigh In

EXR has been the topic of several research analyst reports. Scotiabank upgraded Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price objective on the stock in a report on Friday, January 10th. Barclays cut their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. StockNews.com raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Tuesday, January 28th. Truist Financial lifted their price objective on shares of Extra Space Storage from $167.00 to $168.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their target price on shares of Extra Space Storage from $170.00 to $165.00 and set an "equal weight" rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Extra Space Storage presently has an average rating of "Hold" and an average price target of $173.09.

Insider Activity

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value of $1,110,075.00. Following the sale, the chief executive officer now directly owns 16,690 shares in the company, valued at $2,470,286.90. This trade represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.36% of the company's stock.

About Extra Space Storage

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.