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Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Cintas: A Quality Buy and Hold Forever Stock at Any Price
The single greatest medical breakthrough of all time? (Ad)
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
3 Household Names With RSIs That Scream Oversold
The single greatest medical breakthrough of all time? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
This Little Known Automaker May Save Your Life and Your Portfolio
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
NYSE:EXR

Extra Space Storage (EXR) Stock Forecast, Price & News

$120.51
-0.26 (-0.22%)
(As of 09/27/2023 ET)
Compare
Today's Range
$119.90
$123.09
50-Day Range
$120.51
$146.82
52-Week Range
$119.90
$180.76
Volume
1.08 million shs
Average Volume
1.50 million shs
Market Capitalization
$25.46 billion
P/E Ratio
19.66
Dividend Yield
2.02%
Price Target
$148.14

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
23.4% Upside
$148.75 Price Target
Short Interest
Healthy
2.99% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.29mentions of Extra Space Storage in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$120,112 Sold Last Quarter
Proj. Earnings Growth
7.13%
From $7.99 to $8.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Finance Sector

131st out of 861 stocks

Real Estate Investment Trusts Industry

18th out of 177 stocks


EXR stock logo

About Extra Space Storage (NYSE:EXR) Stock

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 June 30, 2023, the Company owned and/or operated 2,438 self-storage stores in 41 states and Washington, D.C. The Company's stores comprise approximately 1.7 million units and approximately 184.0 million square feet of rentable space. With the completed Life Storage Merger on July 20, 2023, Extra Space currently has over 3,500 locations under the Extra Space, Life Storage and Storage Express brands, and it is the largest operator of self-storage properties in the United States. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.

EXR Price History

EXR Stock News Headlines

New gold-backed currency could kill the Dollar
Rumors are circulating of a new currency that will be backed by gold. A huge story, if true. And while it’s impossible to know how it will pan out, there’s one important move you should make right now, before this happens. It’s the best way to protect your wealth today. Because if you’re not careful, YOU could be the one who pays the price
New gold-backed currency could kill the Dollar
Rumors are circulating of a new currency that will be backed by gold. A huge story, if true. And while it’s impossible to know how it will pan out, there’s one important move you should make right now, before this happens. It’s the best way to protect your wealth today. Because if you’re not careful, YOU could be the one who pays the price
Extra Space Storage: I Buy Shares Each Month
See More Headlines
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EXR Company Calendar

Last Earnings
2/22/2023
Ex-Dividend for 7/19 Dividend
7/12/2023
Dividend Payable
7/19/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/28/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
30225T10
Employees
4,781
Year Founded
1977

Price Target and Rating

Average Stock Price Forecast
$148.75
High Stock Price Forecast
$172.00
Low Stock Price Forecast
$115.00
Forecasted Upside/Downside
+22.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
10 Analysts

Profitability

Net Income
$860.69 million
Pretax Margin
44.67%

Debt

Sales & Book Value

Annual Sales
$2.02 billion
Cash Flow
$8.95 per share
Book Value
$30.45 per share

Miscellaneous

Free Float
208,025,000
Market Cap
$25.46 billion
Optionable
Optionable
Beta
0.56

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Key Executives

  • Mr. Joseph Daniel Margolis J.D. (Age 62)
    CEO & Director
    Comp: $3.6M
  • Mr. P. Scott StubbsMr. P. Scott Stubbs (Age 55)
    Exec. VP & CFO
    Comp: $1.49M
  • Ms. Gwyn Goodson McNealMs. Gwyn Goodson McNeal (Age 54)
    Exec. VP & Chief Legal Officer
    Comp: $1.09M
  • Mr. Samrat SondhiMr. Samrat Sondhi (Age 48)
    Exec. VP & Chief Marketing Officer
    Comp: $1.34M
  • Mr. Noah Springer (Age 44)
    Exec. VP and Chief Strategy & Partnership Officer
    Comp: $1.11M
  • Mr. Matthew T. HerringtonMr. Matthew T. Herrington (Age 42)
    Exec. VP & COO
  • Mr. Zachary Dickens (Age 48)
    Exec. VP & Chief Investment Officer
  • Ms. Grace KundeMs. Grace Kunde (Age 48)
    Sr. VP of Accounting & Fin. and Corp. Controller
  • Mr. Timothy Arthurs (Age 64)
    Sr. VP of Operations
  • Mr. Jeffrey Norman
    Sr. VP of Capital Markets













EXR Stock - Frequently Asked Questions

Should I buy or sell Extra Space Storage stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXR, but not buy additional shares or sell existing shares.
View EXR analyst ratings
or view top-rated stocks.

What is Extra Space Storage's stock price forecast for 2023?

10 equities research analysts have issued 12-month price objectives for Extra Space Storage's stock. Their EXR share price forecasts range from $115.00 to $172.00. On average, they anticipate the company's stock price to reach $148.75 in the next year. This suggests a possible upside of 23.4% from the stock's current price.
View analysts price targets for EXR
or view top-rated stocks among Wall Street analysts.

How have EXR shares performed in 2023?

Extra Space Storage's stock was trading at $147.18 on January 1st, 2023. Since then, EXR shares have decreased by 18.1% and is now trading at $120.51.
View the best growth stocks for 2023 here
.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,310,000 shares, an increase of 28.0% from the August 31st total of 4,930,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the short-interest ratio is currently 3.2 days.
View Extra Space Storage's Short Interest
.

When is Extra Space Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our EXR earnings forecast
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Wednesday, February, 22nd. The real estate investment trust reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.08 by $0.56. The real estate investment trust had revenue of $506.70 million for the quarter, compared to the consensus estimate of $433.39 million. Extra Space Storage had a trailing twelve-month return on equity of 20.69% and a net margin of 41.53%. The company's quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 earnings per share.
Read the conference call transcript
.

How often does Extra Space Storage pay dividends? What is the dividend yield for Extra Space Storage?

Extra Space Storage declared a quarterly dividend on Friday, August 18th. Investors of record on Friday, September 15th will be paid a dividend of $0.61 per share on Friday, September 29th. This represents a $2.44 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for EXR
.

Is Extra Space Storage a good dividend stock?

Extra Space Storage (NYSE:EXR) pays an annual dividend of $2.44 per share and currently has a dividend yield of 1.97%. The dividend payout ratio is 39.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EXR will have a dividend payout ratio of 28.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXR.

What guidance has Extra Space Storage issued on next quarter's earnings?

Extra Space Storage issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $8.15-$8.35 for the period, compared to the consensus estimate of $8.50. The company issued revenue guidance of -.

What is Joe Margolis' approval rating as Extra Space Storage's CEO?

556 employees have rated Extra Space Storage Chief Executive Officer Joe Margolis on Glassdoor.com. Joe Margolis has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Extra Space Storage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Extra Space Storage investors own include Home Depot (HD), Cisco Systems (CSCO), Intel (INTC), AT&T (T), NVIDIA (NVDA), Johnson & Johnson (JNJ), McDonald's (MCD), QUALCOMM (QCOM), Verizon Communications (VZ).

What is Extra Space Storage's stock symbol?

Extra Space Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXR."

Who are Extra Space Storage's major shareholders?

Extra Space Storage's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital World Investors (13.24%), BlackRock Inc. (10.05%), State Street Corp (6.98%), Cohen & Steers Inc. (4.15%), Principal Financial Group Inc. (3.94%) and Capital International Investors (3.12%). Insiders that own company stock include Grace Kunde, Gwyn Goodson Mcneal, Joseph D Margolis, Joseph D Margolis, Joseph J Bonner, Kenneth M Woolley, Matthew T Herrington, P Scott Stubbs, Samrat Sondhi, Spencer Kirk and William N Springer.
View institutional ownership trends
.

How do I buy shares of Extra Space Storage?

Shares of EXR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Extra Space Storage's stock price today?

One share of EXR stock can currently be purchased for approximately $120.51.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $25.46 billion and generates $2.02 billion in revenue each year. The real estate investment trust earns $860.69 million in net income (profit) each year or $6.13 on an earnings per share basis.

How many employees does Extra Space Storage have?

The company employs 4,781 workers across the globe.

How can I contact Extra Space Storage?

Extra Space Storage's mailing address is 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121. The official website for the company is www.extraspace.com. The real estate investment trust can be reached via phone at (801) 365-4600, via email at investorrelations@extraspace.com, or via fax at 801-365-4801.

This page (NYSE:EXR) was last updated on 9/28/2023 by MarketBeat.com Staff

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