Company Name: Extra Space Storage, Inc. (NYSE: EXR) Jefferies Financial Group’s investment analysts raised their predictions for the profits per share that will be generated by Extra Space Storage stock during the fiscal year 2022 in a statement that was published to investors on Monday, January 9. The statement was issued on Monday, January 9. J. Petersen, an analyst at Jefferies Financial Group, previously projected that the earnings of the real estate investment trust for this year would be $8.38 per share. He has since revised that projection to $8.45 per share. The current earnings forecast for Extra Space Storage’s full year is expected to come in at $8.42 per share, which is based on the estimate that is considered to be the most accurate. Furthermore, the Jefferies Financial Group expects Extra Space Storage to earn $2.11 per share in the fourth quarter of 2022, $8.46 per share in the fiscal year 2023, $9.09 per share in the fiscal year 2024, and $9.91 per share in the fiscal year 2025.

Thursday was the first-day EXR was available for trading, and the opening price was $153.82. The company has a price-to-earnings ratio of 22.33, a price-to-earnings-to-growth ratio of 1.98, and a beta value of 0.51. Its market capitalization is $20.60 billion. All three of these ratios come in at 0.49, but the debt-to-equity ratio comes at 1.72. The current ratio, the quick ratio, and the debt-to-equity ratio all come in at 0.49. At the moment, the share price of the company is trading at $152.67, which is lower than the company’s 200-day simple moving average price of $172.74. The monthly rate that is the least expensive that Extra Space Storage offers is $139.97, and the monthly rate that is the most expensive that it has to offer is $222.35.

In recent times, several other brokerages have provided their thoughts on EXR in the form of commentary. Extra Space Storage’s stock received an upgrade from “market perform” to “outperform” from Raymond James, which also increased the price objective for the stock to $170.00 from the previous $125.00. The findings of the study were made public on Monday. On December 14, Morgan Stanley released a research report stating that they had lowered their price goal for Extra Space Storage from $153.00 to $145.00 and rated the company as “underweight.” The report also stated that they had rated the company as “underweight.” In a report made public on November 30, KeyCorp lowered their price objective on Extra Space Storage from $220.00 to $190.00 and gave the company an “overweight” rating. The report was released to the public on Wednesday. The research project title was “Extra Space Storage Ratings and Analysis.” In a report released on Friday, December 16, JPMorgan Chase & Co. decreased their price objective for Extra Space Storage from $177.00 to $167.00 and downgraded the company’s rating from “overweight” to “neutral.” Citigroup lowered its price objective for Extra Space Storage from $175 to $170 and gave the company a ” neutral ” rating in a report published on Monday, December 12. The report was also released. The company also kept its “neutral” rating throughout the entire process. Four market analysts have given the stock a recommendation to buy, four other market analysts have given the stock a recommendation to hold, and two market analysts have given the stock a recommendation to sell. According to Bloomberg.com, the current recommendation for the company is “Hold,” and the price objective for the stock is currently set at $172.00. Both of these figures can be found on the website.

In addition, the business recently announced and paid out a quarterly dividend, which was done so on Friday, December 30. On December 14, dividend payments to shareholders of $1.50 per share were mailed out to those whose information was recorded in the company’s books. This dividend had its ess recently announced and paid out a quarterly dividend, which was done so on Friday, December 30. On December 14, dividend payments to shareholders of $1.50 per share were mailed out to those whose information was recorded in the company’s books. This dividend had its ex-dividend date on December 13, a Tuesday in December. This translates to a yield of 3.90% in addition to an annual dividend payment of $6. The dividend payout ratio for Extra Space Storage is currently at 87.08 percent.

Due to recent occurrences, institutional investors and hedge funds have either increased or decreased their ownership interests in the company, which has resulted in both scenarios. Parkside Financial Bank & Trust’s ownership of Extra Space Storage went up by 80.0% during the third quarter. Parkside Financial Bank & Trust increased its holdings in the real estate investment trust stock during the most recent quarter by purchasing an additional 64 shares, bringing the total number of shares purchased to 144, with a value of $25,000. This brought the total value of the shares purchased to $2,500. EdgeRock Capital LLC increased its ownership stake in Extra Space Storage by investing approximately $27,000 during the third quarter of the fiscal year. During the second quarter, Harel Insurance Investments & Financial Services Ltd. successfully acquired a new $29,000 investment in Extra Space Storage. Ronald Blue Trust Inc. purchased approximately $35,000 worth of additional stock in Extra Space Storage during the second quarter to broaden its holdings and diversify its investments. Last but certainly not least, the value of American National Bank’s investment in Extra Space Storage rose by 271.7% during the fourth quarter of 2018. After making an additional purchase of 125 shares during the most recent fiscal quarter, American National Bank now holds a total of 171 shares of the real estate investment trust. The value of all of these shares comes to a total of $25,000 in today’s market. Hedge funds and other institutional investors own 95.32% of the company’s shares.

One company that makes up the S&P 500, Extra Space Storage Inc., is a self-managed and self-administered real estate investment trust (REIT). Salt Lake City, in the state of Utah, is home to the company’s headquarters. The corporation had ownership or operation rights to 1,906 self-storage facilities as of the 30th day of September 2020. These facilities were located in 40 states, the District of Columbia, and Puerto Rico. Approximately 1.4 million units and 147.5 million square feet of space are available for rent across the company’s assortment of retail establishments.