Extra Space Storage (EXR) Projected to Post Earnings on Wednesday

Extra Space Storage (NYSE:EXR - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 30th. Analysts expect Extra Space Storage to post earnings of $2.06 per share and revenue of $719.43 million for the quarter. Extra Space Storage has set its FY 2025 guidance at 8.000-8.300 EPS.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 EPS for the quarter, beating the consensus estimate of $1.96 by $0.04. Extra Space Storage had a net margin of 27.84% and a return on equity of 6.11%. The company had revenue of $820.00 million during the quarter, compared to analysts' expectations of $705.12 million. During the same quarter in the previous year, the company posted $1.96 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect Extra Space Storage to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Extra Space Storage Trading Up 0.2%

Shares of NYSE:EXR traded up $0.32 during midday trading on Friday, hitting $150.83. The company had a trading volume of 866,679 shares, compared to its average volume of 1,052,046. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.85. Extra Space Storage has a 12 month low of $121.03 and a 12 month high of $184.87. The firm has a fifty day simple moving average of $149.12 and a 200 day simple moving average of $148.43. The stock has a market cap of $32.01 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.66 and a beta of 1.10.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.30%. The ex-dividend date was Monday, June 16th. Extra Space Storage's payout ratio is 150.35%.

Insider Buying and Selling at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $150.35, for a total transaction of $1,127,625.00. Following the completion of the transaction, the chief executive officer directly owned 27,260 shares in the company, valued at approximately $4,098,541. This trade represents a 21.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Extra Space Storage

A hedge fund recently raised its stake in Extra Space Storage stock. NewEdge Advisors LLC boosted its stake in shares of Extra Space Storage Inc (NYSE:EXR - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,409 shares of the real estate investment trust's stock after purchasing an additional 291 shares during the period. NewEdge Advisors LLC's holdings in Extra Space Storage were worth $506,000 as of its most recent filing with the SEC. 99.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on Extra Space Storage from $165.00 to $160.00 and set an "equal weight" rating for the company in a research report on Wednesday. Mizuho boosted their price objective on shares of Extra Space Storage from $141.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. BNP Paribas Exane assumed coverage on shares of Extra Space Storage in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $156.00 target price for the company. Benchmark reduced their price target on shares of Extra Space Storage from $61.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada decreased their price target on shares of Extra Space Storage from $163.00 to $160.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $157.69.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.