As per Extra Space Storage Inc (NYSE:EXR)’s news release on 2016-05-26, its shareholders will get cash dividend of $0.78 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-15 and 2016-06-30, respectively.
The stock of Extra Space Storage Inc (NYSE:EXR) will commence trading ex-dividend from 2016-06-13, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Extra Space Storage Inc (NYSE:EXR) disbursed $2.55 in dividend compared to distribution of $1.81, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 23.7569%.
The past track record of five years substantiates that the average payout of Extra Space Storage Inc (NYSE:EXR) stands at $1.422, implying 41.1359% growth. The company recorded earnings of $0.75 a share in the preceding fiscal.
The interim price target for Extra Space Storage Inc (NYSE:EXR) is set at $98.041. This level is the mean price reached by averaging the stock views of 12 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $110 and the lowest level is established at 74.5. This broad range highlights a standard deviation of $9.854 in reported estimates.
AlphaOne has allotted A sentiment score of 0.393 to Extra Space Storage Inc (NYSE:EXR) while impact score assigned is 66 as on as on 2016-07-13.
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