NYSE:EXR Extra Space Storage Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Extra Space Storage Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $174.38 +4.26 (+2.50%) (As of 07/1/2022 05:43 PM ET) Add Compare Share Today's Range$170.71▼$175.1450-Day Range$158.74▼$208.5452-Week Range$156.70▼$228.84Volume497,441 shsAverage Volume738,945 shsMarket Capitalization$23.42 billionP/E Ratio28.31Dividend Yield3.53%Price Target$197.10 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Extra Space Storage Stock Forecast (MarketRank)Analyst RatingHold2.45 Rating ScoreUpside/Downside14.4% Upside$199.56 Price TargetShort InterestHealthy2.30% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.64Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth4.73%From $8.25 to $8.64 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.66 out of 5 starsFinance Sector132nd out of 1,394 stocksReal Estate Investment Trusts Industry13th out of 235 stocks 3.3 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $199.56, Extra Space Storage has a forecasted upside of 14.4% from its current price of $174.38.Amount of Analyst CoverageExtra Space Storage has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.30% of the float of Extra Space Storage has been sold short.Short Interest Ratio / Days to CoverExtra Space Storage has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Extra Space Storage has recently increased by 9.65%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipExtra Space Storage is a leading dividend payer. It pays a dividend yield of 3.53%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthExtra Space Storage has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 97.40%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Extra Space Storage will have a dividend payout ratio of 69.44% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreExtra Space Storage has received a 55.48% net impact score from Upright. Extra Space Storage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is false driven by its "Storage unit leasing services" product. See details.Environmental SustainabilityThe Environmental Impact score for Extra Space Storage is -0.57. Previous Next 2.0 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Extra Space Storage this week, compared to 4 articles on an average week.Search InterestOnly 13 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Extra Space Storage insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.52% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions95.44% of the stock of Extra Space Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 4.73% in the coming year, from $8.25 to $8.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 28.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 47.16.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 28.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.30.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 2.72. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioExtra Space Storage has a P/B Ratio of 6.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive EXR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Extra Space Storage and its competitors with MarketBeat's FREE daily newsletter. Email Address About Extra Space Storage (NYSE:EXR)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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. 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. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.Read More EXR Stock News HeadlinesJuly 2, 2022 | americanbankingnews.comJefferies Financial Group Lowers Extra Space Storage (NYSE:EXR) Price Target to $184.00July 1, 2022 | finance.yahoo.comFour Corners (FCPT) Acquires Red Robin Property From PREITJune 30, 2022 | finance.yahoo.comSL Green (SLG) Acquires 450 Park Avenue in Joint VentureJune 24, 2022 | finance.yahoo.comFarmland Partners (FPI) on Buying Spree, Acquires Nebraska FarmJune 24, 2022 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Stock Rating Upgraded by JPMorgan Chase & Co.June 23, 2022 | finance.yahoo.comLooking for a Growth Stock? 3 Reasons Why Extra Space Storage (EXR) is a Solid ChoiceJune 23, 2022 | americanbankingnews.comEvercore ISI Analysts Give Extra Space Storage (NYSE:EXR) a $198.00 Price TargetJune 22, 2022 | finance.yahoo.comJP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears RiseJune 22, 2022 | finance.yahoo.comExtra Space Storage (NYSE:EXR) shareholders have earned a 20% CAGR over the last five yearsJune 22, 2022 | americanbankingnews.comQ2 2022 Earnings Estimate for Extra Space Storage Inc. Issued By KeyCorp (NYSE:EXR)June 21, 2022 | finance.yahoo.comHere's Why Extra Space Storage (EXR) is an Apt Portfolio PickJune 21, 2022 | seekingalpha.comExtra Space Storage - Top Tier Dividend Growth At A Great PriceJune 21, 2022 | morningstar.comExtra Space Storage Inc - Stock AnalysisSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:EXR CUSIP30225T10 CIK1289490 Webwww.extraspace.com Phone(801) 365-4600Fax801-365-4801Employees4,309Year Founded1977Company Calendar Last Earnings5/03/2022Ex-Dividend for 6/30 Dividend6/14/2022Dividend Payable6/30/2022Today7/02/2022Next Earnings (Estimated)7/26/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$199.56 High Stock Price Forecast$237.00 Low Stock Price Forecast$156.00 Forecasted Upside/Downside+13.0%Consensus RatingHold Rating Score (0-4)2.45454545454545 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$6.159990 Trailing P/E Ratio28.31 Forward P/E Ratio21.14 P/E Growth2.72Net Income$827.65 million Net Margins50.76% Pretax Margin54.11% Return on Equity23.42% Return on Assets8.39% Debt Debt-to-Equity Ratio1.55 Current Ratio0.53 Quick Ratio0.53 Sales & Book Value Annual Sales$1.58 billion Price / Sales14.84 Cash Flow$8.54 per share Price / Cash Flow20.42 Book Value$28.28 per share Price / Book6.17Miscellaneous Outstanding Shares134,280,000Free Float132,239,000Market Cap$23.42 billion OptionableOptionable Beta0.46 Social Links Extra Space Storage 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, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Extra Space Storage stock. View analyst ratings for Extra Space Storage or view top-rated stocks. What is Extra Space Storage's stock price forecast for 2022? 10 analysts have issued 1-year target prices for Extra Space Storage's shares. Their EXR stock forecasts range from $156.00 to $237.00. On average, they expect Extra Space Storage's share price to reach $199.56 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price. View analysts' price targets for Extra Space Storage or view top-rated stocks among Wall Street analysts. How has Extra Space Storage's stock price performed in 2022? Extra Space Storage's stock was trading at $226.73 on January 1st, 2022. Since then, EXR shares have decreased by 23.1% and is now trading at $174.38. View the best growth stocks for 2022 here. When is Extra Space Storage's next earnings date? Extra Space Storage is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022. View our earnings forecast for Extra Space Storage. How were Extra Space Storage's earnings last quarter? Extra Space Storage Inc. (NYSE:EXR) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by $0.35. The real estate investment trust earned $379.81 million during the quarter, compared to analyst estimates of $368.88 million. Extra Space Storage had a trailing twelve-month return on equity of 23.42% and a net margin of 50.76%. The business's revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. View Extra Space Storage's earnings history. 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 Thursday, May 26th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $1.50 per share on Thursday, June 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, June 14th. View Extra Space Storage's dividend history. Is Extra Space Storage a good dividend stock? Extra Space Storage(NYSE:EXR) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.53%. Extra Space Storage has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Extra Space Storage is 97.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Extra Space Storage will have a dividend payout ratio of 69.44% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend. View Extra Space Storage's dividend history. What guidance has Extra Space Storage issued on next quarter's earnings? Extra Space Storage updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $8.05-$8.30 for the period. The company issued revenue guidance of -. Who are Extra Space Storage's key executives? Extra Space Storage's management team includes the following people: Mr. Joseph Daniel Margolis J.D., CEO & Director (Age 61, Pay $3.04M)Mr. P. Scott Stubbs, Exec. VP & CFO (Age 54, Pay $1.29M) (LinkedIn Profile)Mr. Matthew T. Herrington, Exec. VP & COO (Age 41, Pay $719.01k) (LinkedIn Profile)Ms. Gwyn Goodson McNeal, Exec. VP & Chief Legal Officer (Age 53, Pay $997.51k) (LinkedIn Profile)Mr. Samrat Sondhi, Exec. VP & Chief Marketing Officer (Age 47, Pay $1.07M) (LinkedIn Profile)Mr. Zachary Dickens, Exec. VP & Chief Investment Officer (Age 47)Ms. Grace Kunde, Sr. VP of Accounting & Fin. and Corp. Controller (Age 47) (LinkedIn Profile)Mr. Timothy Arthurs, Sr. VP of Operations (Age 63)Mr. Jeffrey Norman, Sr. VP of Capital MarketsMr. Noah Springer, Exec. VP and Chief Strategy & Partnership Officer (Age 43) What is Joe Margolis' approval rating as Extra Space Storage's CEO? 556 employees have rated Extra Space Storage CEO Joe Margolis on Glassdoor.com. Joe Margolis has an approval rating of 84% among Extra Space Storage's employees. Who are some of Extra Space Storage's key competitors? Some companies that are related to Extra Space Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), CubeSmart (CUBE), Life Storage (LSI), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), EPR Properties (EPR), Sabra Health Care REIT (SBRA) and PotlatchDeltic (PCH). View all of EXR's competitors. 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), (HON) and 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." How do I buy shares of Extra Space Storage? Shares of EXR 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 $174.38. How much money does Extra Space Storage make? Extra Space Storage (NYSE:EXR) has a market capitalization of $23.42 billion and generates $1.58 billion in revenue each year. The real estate investment trust earns $827.65 million in net income (profit) each year or $6.159990 on an earnings per share basis. How many employees does Extra Space Storage have? Extra Space Storage employs 4,309 workers across the globe. When was Extra Space Storage founded? Extra Space Storage was founded in 1977. 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 Extra Space Storage is www.extraspace.com. The real estate investment trust can be reached via phone at (801) 365-4600, via email at [email protected], or via fax at 801-365-4801. This page (NYSE:EXR) was last updated on 7/2/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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