Extra Space Stock To Go Ex-dividend Tomorrow (EXR)

NEW YORK ( TheStreet) -- The ex-dividend date for Extra Space Storage (NYSE: EXR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $26.36 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Extra Space has been 961,300 shares per day over the past 30 days. Extra Space has a market cap of $2.4 billion and is part of the financial sector and real estate industry. Shares are up 8.7% year to date as of the close of trading on Friday.

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. The company has a P/E ratio of 48.6, below the average real estate industry P/E ratio of 54 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Extra Space as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Extra Space Ratings Report.

See our dividend calendar or top-yielding stocks list.
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