In addition, the perspectives of various other equity research analysts have been provided on EXR. JPMorgan Chase & Co downgraded Extra Space Storage from an “overweight” rating to a “neutral” rating in a research report made public on Friday, December 16.
In addition, the price target they had set for the company was lowered from $177.00 to $167.00.
Evercore ISI changed its recommendation for Extra Space Storage on November 21, moving it from “in line” to “underperform.” This change was included in a research report made public on the same day.
They also decreased their price target for the stock, which had previously been set at $162.00, to $150.00.
This was done to reflect the current market conditions. KeyCorp assigned Extra Space Storage an “overweight” rating in a research report that was made public on November 30.
Additionally, the company decreased its target price from $220.00 to $190.00.
The report was made public by KeyCorp.
The research did take into account this piece of information.
Truist Financial reevaluated the stock of Extra Space Storage from a “sell” rating to a “hold” rating and increased their price objective for the company from $160.00 to $165.00 in a research note released on Wednesday.
In a research note published on December 14, Morgan Stanley lowered its “underweight” rating on Extra Space Storage and decreased its target price for the business from $153.00 to $145.00.
Both of these changes were made in response to recent market events.
Two analysts have recommended selling the stock, six analysts have stated that investors should maintain their current position, and three analysts have stated that investors should purchase the stock.
According to the information that Bloomberg provided, the company is rated “Hold” on average, and the price objective that the consensus has determined is set at $170.89.
On Friday, trading on the NYSE EXR began for $160.41 per contract.
The lowest price for Extra Space Storage that can be found right now is $139.97, while the highest price that can be found is $222.35.
These prices reflect the lowest and highest points reached during the previous 52 weeks. One share of stock has traded for $157.00 over the previous 50 trading days, and over the previous 200 trading days, one share has traded for $165.45 per share.
There is a debt-to-equity ratio that stands at 1.80, a quick ratio that stands at 0.54, and a current ratio that stands at 0.54; all of these ratios are approximately the same.
Its current market valuation of $21.65 billion is based on several metrics, including its price-to-earnings ratio of 25.03, earnings growth ratio of 2.39, and beta value of 0.54.
Extra Space Storage, INC is listed under the symbol EXR on the New York Stock Exchange. Jefferies Financial Group’s investment analysts contributed their projections for Extra Space Storage’s earnings per share (EPS) for the first quarter of 2023 in a research report distributed to clients and investors on Tuesday, March 7.
According to the projections made by J.
Petersen, an analyst working for Jefferies Financial Group, the real estate investment trust will bring in a total revenue of $2.02 during the first three months of the new year.
Extra Space Storage’s current earnings forecast for the full year is expected at $8.56 per share, according to the average estimate for the company’s performance so far.
Additionally, the Jefferies Financial Group has projected that Extra Space Storage will earn $2.13 per share in the second quarter of 2023, $2.19 per share in the third quarter, and $2.15 per share in the fourth quarter that same year.
On February 22, shareholders of Extra Space Storage (NYSE: EXR) were given access to the company’s most recent quarterly earnings report.
The real estate investment trust (REIT) reported quarterly profits of $1.52 per share, which fell short of the consensus estimate of $2.08 per share established by industry analysts.
This shortfall occurred due to a difference of $0.56.
The return on equity and the net margin for Extra Space Storage was 22.01% and 45.52%, respectively.
In contrast to the projections of $433.39 million provided by industry experts, the company reported quarterly sales of $506.70 million.
Industry experts provided those projections.
The company had a profit per share of $1.91 during the same period the year before when the same period was compared.
The growth in sales that Extra Space Storage experienced during the third quarter was 18.4% higher than what it had been during the same period the year before.
In addition, the company just recently announced a quarterly dividend distribution, which will occur on the following Friday, March 31. On March 15, stockholders with their names on the register will be eligible to receive the dividend payment of $1.62.
This translates to a dividend payment of $6.48 annually, giving the dividend a yield of 4.04% on the investment.
This dividend’s “ex-dividend” status will be applied as of March 14, a Tuesday.
Extra Space Storage has increased the dividend it pays out to shareholders every quarter to $1.50 due to the company’s growth.
The payout ratio for Extra Space Storage is currently sitting at 93.60 percent.
In related news, Chief Marketing Officer Samrat Sondhi successfully sold 6,290 shares of company stock on Monday, February 27.
This comes as a result of recent developments.
The stock sale generated a total of $1,018,225.20 in revenue, with each share commanding a price of $161.88 in the purchase price.
The company’s chief marketing officer owns 82,653 shares of the company’s stock; the total value is $13,379,867.64.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. On March 8, Chief Operating Officer Matthew T. Herrington completed the sale of 650 shares of the company’s stock. Related news can be found here.
The total cost of purchasing the shares was $107,737.50, corresponding to an average price of $165.75 per share.
This brings the total amount paid for the shares to $107,737.50.
Because of the sale, the chief operating officer directly owns 6,405 shares.
The value of these shares, taken together, is $1,061,628.75.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC.
In addition, Extra Space Storage Chief Marketing Officer Samrat Sondhi sold 6,290 shares of the company’s stock on Monday, February 27.
During the sale, each share was acquired for an average price of 161.88 dollars; this resulted in a total value of the transaction of 1,018,225.20 dollars.
As a direct consequence of the transaction, the chief marketing officer now has 82,653 company shares with a total value of approximately $13,379,867.64.
Disclosures related to the sale might be found in this website section.
Insiders of the company have sold 8,440 shares of company stock over the past three months, bringing in a total of $1,371,963 in profits. 1.52 of those employed by the company hold a percent of the total company shares.