Extra Space Storage Inc (EXR) To Go Ex-Dividend on March 16th

Extra Space Storage Inc (NYSE:EXR) declared a quarterly dividend on Friday, February 13th. Investors of record on Monday, March 16th will be given a dividend of 1.62 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, March 16th.

Extra Space Storage has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Extra Space Storage has a payout ratio of 135.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Extra Space Storage to earn $8.34 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 77.7%.

Extra Space Storage Stock Up 0.8%

EXR stock traded up $1.16 during trading on Friday, reaching $141.34. The stock had a trading volume of 839,268 shares, compared to its average volume of 1,243,558. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.82 and a beta of 1.24. Extra Space Storage has a one year low of $121.03 and a one year high of $155.19. The company’s 50 day moving average is $143.43 and its two-hundred day moving average is $139.81.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, topping the consensus estimate of $2.03 by $0.05. The firm had revenue of $857.47 million for the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts forecast that Extra Space Storage will post 8.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXR. NewEdge Advisors LLC boosted its holdings in shares of Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 291 shares during the period. Empowered Funds LLC raised its stake in shares of Extra Space Storage by 15.5% during the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock valued at $729,000 after purchasing an additional 661 shares during the period. Sivia Capital Partners LLC purchased a new stake in Extra Space Storage during the 2nd quarter worth about $457,000. Los Angeles Capital Management LLC purchased a new stake in Extra Space Storage during the 2nd quarter worth about $422,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in Extra Space Storage by 22.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,152 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 587 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

About Extra Space Storage

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.