Extra Space Storage, Inc. Plans Quarterly Dividend of $0.47 (EXR)
Extra Space Storage (NYSE:EXR) declared a quarterly dividend on Tuesday, September 2nd, Stock Ratings Network.com reports. Investors of record on Monday, September 15th will be given a dividend of 0.47 per share on Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 3.57%.
A number of analysts have recently weighed in on EXR shares. Analysts at SunTrust reiterated a “buy” rating on shares of Extra Space Storage in a research note on Thursday, August 28th. They now have a $61.00 price target on the stock, up previously from $58.00. On a related note, analysts at RBC Capital raised their price target on shares of Extra Space Storage from $54.00 to $58.00 in a research note on Friday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Extra Space Storage from $54.00 to $57.00 in a research note on Thursday, July 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $54.15.
Extra Space Storage (NYSE:EXR) traded up 1.27% during mid-day trading on Tuesday, hitting $53.37. 616,827 shares of the company’s stock traded hands. Extra Space Storage has a 1-year low of $39.98 and a 1-year high of $54.87. The stock has a 50-day moving average of $53. and a 200-day moving average of $51.21. The company has a market cap of $6.192 billion and a price-to-earnings ratio of 32.71.
Extra Space Storage (NYSE:EXR) last released its earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $160.20 million for the quarter, compared to the consensus estimate of $153.02 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. Analysts expect that Extra Space Storage will post $2.49 EPS for the current fiscal year.
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (NYSE:EXR).
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