Key Highlights:
- Extra Space Storage (EXR, Financial) maintains its quarterly dividend of $1.62 per share, with a forward yield of 4.48%.
- Analysts project a 12.46% upside potential with a one-year price target averaging $162.82.
- The stock holds a "Hold" consensus rating among brokerage firms.
Dividend Stability and Yield
Extra Space Storage Inc. (NYSE: EXR) is sustaining its quarterly dividend payout at $1.62 per share, which translates into a solid forward yield of 4.48%. This consistent dividend will be distributed on June 30 to shareholders of record as of June 16, reinforcing the company's commitment to returning value to investors.
Analyst Price Target and Recommendation
The stock's outlook, based on projections from 17 leading analysts, places the average price target for Extra Space Storage at $162.82. This figure represents substantial growth potential, with estimates ranging from a low of $141.00 to a high of $178.00, suggesting an upside of 12.46% from its recent trading price of $144.78. For more on these predictions, visit the Extra Space Storage Inc (EXR, Financial) Forecast page.
Furthermore, an analysis of recommendations from 20 brokerage firms places Extra Space Storage Inc (EXR, Financial) at an average brokerage recommendation of 2.6, categorized as a "Hold." This rating scale, where 1 implies a Strong Buy and 5 indicates Sell, provides insights into market sentiment surrounding the stock.
GF Value Analysis
According to GuruFocus estimates, the GF Value for Extra Space Storage Inc (EXR, Financial) is projected to be $155.93 within one year. This projection implies a potential gain of 7.7% from its current price of $144.78. The GF Value is GuruFocus's proprietary metric, calculated from historical trading multiples, previous business growth, and anticipated future business performance. Investors can access further insights on the Extra Space Storage Inc (EXR) Summary page.
By maintaining its dividend and being subject to positive expectations from analysts, Extra Space Storage Inc. remains a notable entity for investors seeking potential growth and steady income in their portfolios.
