Extra Space Storage (EXR) Set to Announce Quarterly Earnings on Tuesday

Extra Space Storage (NYSE:EXR) will be releasing its earnings data after the market closes on Tuesday, February 20th. Analysts expect Extra Space Storage to post earnings of $0.73 per share for the quarter.

Extra Space Storage (NYSE:EXR) opened at $82.20 on Friday. The company has a market cap of $10,360.00, a P/E ratio of 30.22, a P/E/G ratio of 3.40 and a beta of 0.26. Extra Space Storage has a 12 month low of $71.34 and a 12 month high of $88.56. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.75 and a current ratio of 0.75.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $3.12 annualized dividend and a yield of 3.80%. Extra Space Storage’s dividend payout ratio is currently 114.71%.

Extra Space Storage declared that its Board of Directors has approved a stock repurchase plan on Monday, November 13th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In other news, SVP Grace Kunde sold 350 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $87.65, for a total value of $30,677.50. Following the completion of the sale, the senior vice president now owns 11,209 shares of the company’s stock, valued at approximately $982,468.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Overturf sold 880 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $81.62, for a total transaction of $71,825.60. Following the completion of the sale, the executive vice president now directly owns 82,577 shares of the company’s stock, valued at approximately $6,739,934.74. The disclosure for this sale can be found here. In the last three months, insiders sold 23,410 shares of company stock valued at $1,992,376. Corporate insiders own 3.72% of the company’s stock.

Several brokerages recently commented on EXR. Zacks Investment Research cut shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Robert W. Baird reaffirmed a “buy” rating and set a $92.00 price objective on shares of Extra Space Storage in a research note on Wednesday, November 29th. Cantor Fitzgerald boosted their price target on shares of Extra Space Storage from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Royal Bank of Canada boosted their price target on shares of Extra Space Storage from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 14th. Finally, Wells Fargo & Co set a $93.00 price target on shares of Extra Space Storage and gave the stock a “buy” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Extra Space Storage has a consensus rating of “Hold” and a consensus price target of $86.42.

ILLEGAL ACTIVITY WARNING: “Extra Space Storage (EXR) Set to Announce Quarterly Earnings on Tuesday” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2018/02/18/extra-space-storage-exr-set-to-announce-quarterly-earnings-on-tuesday.html.

Extra Space Storage Company Profile

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.

Earnings History for Extra Space Storage (NYSE:EXR)

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Extra Space Storage (EXR) Set to Announce Quarterly Earnings on Tuesday

Extra Space Storage (NYSE:EXR) will announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.73 per share for the quarter.

Extra Space Storage (NYSE:EXR) opened at $82.20 on Friday. Extra Space Storage has a twelve month low of $71.34 and a twelve month high of $88.56. The firm has a market cap of $10,360.00, a PE ratio of 30.22, a P/E/G ratio of 3.40 and a beta of 0.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.68.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.80%. The ex-dividend date is Wednesday, March 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 114.71%.

Extra Space Storage announced that its Board of Directors has approved a stock repurchase program on Monday, November 13th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other news, SVP Grace Kunde sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $87.65, for a total value of $30,677.50. Following the sale, the senior vice president now owns 11,209 shares of the company’s stock, valued at $982,468.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Spencer Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $85.24, for a total transaction of $1,704,800.00. Following the completion of the sale, the director now directly owns 578,748 shares in the company, valued at approximately $49,332,479.52. The disclosure for this sale can be found here. In the last three months, insiders sold 23,410 shares of company stock worth $1,992,376. Insiders own 3.72% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Extra Space Storage from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Extra Space Storage in a research report on Wednesday, November 29th. Cantor Fitzgerald lifted their price objective on shares of Extra Space Storage from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Royal Bank of Canada lifted their price objective on shares of Extra Space Storage from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co set a $93.00 price objective on shares of Extra Space Storage and gave the stock a “buy” rating in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Extra Space Storage currently has an average rating of “Hold” and an average price target of $86.42.

ILLEGAL ACTIVITY WARNING: This article was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://stocknewstimes.com/2018/02/18/extra-space-storage-exr-set-to-announce-quarterly-earnings-on-tuesday.html.

Extra Space Storage Company Profile

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.

Earnings History for Extra Space Storage (NYSE:EXR)

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