NYSE:EXR Extra Space Storage (EXR) Stock Price, News & Analysis $164.61 +3.92 (+2.44%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$160.73▼$165.9350-Day Range$138.40▼$167.8052-Week Range$101.19▼$171.46Volume741,623 shsAverage Volume1.07 million shsMarket Capitalization$34.85 billionP/E Ratio36.66Dividend Yield3.94%Price Target$157.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Extra Space Storage alerts: Email Address Extra Space Storage MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside4.2% Downside$157.67 Price TargetShort InterestHealthy2.00% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.75Based on 20 Articles This WeekInsider TradingSelling Shares$1.24 M Sold Last QuarterProj. Earnings Growth3.98%From $8.04 to $8.36 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.47 out of 5 starsFinance Sector134th out of 898 stocksReal Estate Investment Trusts Industry15th out of 181 stocks 2.2 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageExtra Space Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Extra Space Storage's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.00% of the outstanding shares of Extra Space Storage have been sold short.Short Interest Ratio / Days to CoverExtra Space Storage has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Extra Space Storage has recently decreased by 5.37%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipExtra Space Storage is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthExtra Space Storage does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 144.32%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Extra Space Storage will have a dividend payout ratio of 77.51% in the coming year. This indicates that Extra Space Storage may not be able to sustain their current dividend.Read more about Extra Space Storage's dividend. Previous Next 4.0 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 2.6 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.75. 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 is a higher news sentiment than the 0.49 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Extra Space Storage this week, compared to 8 articles on an average week.Search InterestOnly 1 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Extra Space Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,244,695.00 in company stock.Percentage Held by InsidersOnly 1.36% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions99.11% 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.Read more about Extra Space Storage's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 3.98% in the coming year, from $8.04 to $8.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 36.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 36.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.81.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 3.41. 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 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Extra Space Storage's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agency5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.Click here to pay just $5 for a full year of Stealth Trades About Extra Space Storage Stock (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 December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, D.C. 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. 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. It is the largest operator of self-storage properties in the United States.Read More EXR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EXR Stock News HeadlinesJuly 4, 2024 | insidertrades.comExtra Space Storage Inc. (NYSE:EXR) CEO Sells $1,144,350.00 in StockJuly 26 at 3:46 PM | markets.businessinsider.comWells Fargo Reaffirms Their Buy Rating on Extra Space Storage (EXR)July 26, 2024 | Darwin (Ad)Top Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.July 26 at 11:48 AM | americanbankingnews.comExtra Space Storage (NYSE:EXR) Price Target Raised to $175.00July 26 at 10:46 AM | seekingalpha.comCubeSmart Q2 Earnings Preview: Can Self-Storage Make A Summer Rebound?July 24 at 7:52 AM | americanbankingnews.comExtra Space Storage (NYSE:EXR) Upgraded by StockNews.com to "Hold"July 23 at 4:16 AM | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Given Consensus Recommendation of "Hold" by AnalystsJuly 23 at 3:06 AM | americanbankingnews.comExtra Space Storage (EXR) Set to Announce Earnings on TuesdayJuly 26, 2024 | Crypto Swap Profits (Ad)625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.July 21, 2024 | nz.finance.yahoo.comExtra Space Storage Inc (FG8.BE)July 20, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Price Target Raised to $159.00July 19, 2024 | benzinga.comHere's How Much You Would Have Made Owning Extra Space Storage Stock In The Last 20 YearsJuly 18, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Reaches New 1-Year High Following Analyst UpgradeJuly 16, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Given New $151.00 Price Target at Evercore ISIJuly 9, 2024 | investorplace.comMid-Year Market Rally: 3 Stocks to Bet On for 2024's Second HalfJune 27, 2024 | investorplace.com7 Must-Buy REITs for Stability-Seeking Income InvestorsJune 25, 2024 | prnewswire.comExtra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 2nd Quarter 2024 ResultsJune 4, 2024 | fool.comThe Smartest Dividend Stocks to Buy With $250 Right NowSee More Headlines 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 Company Calendar Last Earnings2/27/2024Ex-Dividend for 6/28 Dividend6/14/2024Dividend Payable6/28/2024Today7/26/2024Next Earnings (Confirmed)7/30/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustrySpecialized REITs Current SymbolNYSE:EXR Previous SymbolNYSE:EXR CUSIP30225T10 CIK1289490 Webwww.extraspace.com Phone(801) 365-4600Fax801-365-4801Employees7,618Year Founded1977Price Target and Rating Average Stock Price Target$157.67 High Stock Price Target$187.00 Low Stock Price Target$119.00 Potential Upside/Downside-4.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.49 Trailing P/E Ratio36.66 Forward P/E Ratio20.47 P/E Growth3.41Net Income$803.20 million Net Margins29.10% Pretax Margin31.14% Return on Equity6.76% Return on Assets3.58% Debt Debt-to-Equity Ratio0.73 Current Ratio0.15 Quick Ratio0.15 Sales & Book Value Annual Sales$2.56 billion Price / Sales13.61 Cash Flow$6.62 per share Price / Cash Flow24.86 Book Value$72.96 per share Price / Book2.26Miscellaneous Outstanding Shares211,730,000Free Float208,846,000Market Cap$34.85 billion OptionableOptionable Beta0.83 Social Links The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Joseph Daniel Margolis J.D. (Age 63)CEO & Director Comp: $3.22MMr. P. Scott Stubbs CPA (Age 56)Executive VP & CFO Comp: $1.32MMr. Zachary Dickens (Age 49)Executive VP & Chief Investment Officer Comp: $975.37kMr. Samrat Sondhi (Age 49)Executive VP & Chief Marketing Officer Comp: $1.15MMr. Noah Springer (Age 45)Executive VP and Chief Strategy & Partnership Officer Comp: $955.1kMr. Matthew T. Herrington (Age 43)Executive VP & COO Comp: $719.01kMs. Grace Kunde (Age 49)Senior VP of Accounting & Finance and Corporate Controller Ms. Gwyn Goodson McNeal (Age 55)Executive VP & Chief Legal Officer Comp: $1.09MMr. Timothy Arthurs (Age 65)Senior Vice President of Operations Comp: $203.12kMr. Jeffrey NormanSenior Vice President of Capital MarketsMore ExecutivesKey CompetitorsAmerican TowerNYSE:AMTWelltowerNYSE:WELLPublic StorageNYSE:PSAWeyerhaeuserNYSE:WYVentasNYSE:VTRView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 18,293 shares on 7/26/2024Ownership: 0.712%State of Michigan Retirement SystemBought 100 shares on 7/26/2024Ownership: 0.027%Alta Capital Management LLCBought 412 shares on 7/26/2024Ownership: 0.012%Allspring Global Investments Holdings LLCSold 1,787 shares on 7/26/2024Ownership: 0.011%Cambridge Investment Research Advisors Inc.Sold 1,067 shares on 7/26/2024Ownership: 0.007%View All Insider TransactionsView All Institutional Transactions Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Extra Space Storage Inc.: Extra Space Storage Inc. stock price has been showing positive performance, trading up recently to $159.27, indicating potential growth. Vanguard Group Inc., a major institutional investor, has significantly increased its position in Extra Space Storage, reflecting confidence in the company's future prospects. Strong market capitalization of $33.72 billion provides stability and indicates the company's significant presence in the real estate investment trust sector. Low beta of 0.81 suggests that Extra Space Storage stock is less volatile compared to the overall market, appealing to risk-averse investors. Consistent insider buying and selling activities at Extra Space Storage can provide valuable insights into the company's performance and potential growth trajectory. Cons Investors should be bearish about investing in Extra Space Storage Inc. for these reasons: The P/E ratio of 34.52 and P/E/G ratio of 3.76 may indicate that the stock is currently overvalued, potentially limiting short-term gains for investors. Extra Space Storage's current ratio and quick ratio of 0.15 each may raise concerns about the company's liquidity position and ability to meet short-term obligations. Debt-to-equity ratio of 0.73 suggests that Extra Space Storage has a moderate level of debt, which could impact its financial flexibility and risk profile. The company's 50-day and 200-day moving average prices may indicate a lack of significant price momentum, potentially signaling a stagnant stock performance. While institutional ownership is high at 99.11%, it may limit potential retail investor influence on the company's strategic decisions and governance. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Extra Space Storage pros and cons to contact@marketbeat.com. EXR Stock Analysis - Frequently Asked Questions How have EXR shares performed this year? Extra Space Storage's stock was trading at $160.33 at the start of the year. Since then, EXR shares have increased by 2.7% and is now trading at $164.61. View the best growth stocks for 2024 here. How were Extra Space Storage's earnings last quarter? Extra Space Storage Inc. (NYSE:EXR) posted its quarterly earnings results on Tuesday, February, 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $2.03 by $1.01. The company's quarterly revenue was up 57.4% compared to the same quarter last year. Read the conference call transcript. 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. Who are Extra Space Storage's major shareholders? Top institutional shareholders of Extra Space Storage include Bank of New York Mellon Corp (0.71%), PGGM Investments (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.38%) and Raymond James & Associates (0.13%). Insiders that own company stock include Samrat Sondhi, Joseph Saffire, Gwyn Goodson Mcneal, Joseph D Margolis, Matthew T Herrington, Joseph J Bonner, Kenneth M Woolley and P Scott Stubbs. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Extra Space Storage own? Based on aggregate information from My MarketBeat watchlists, some other companies that Extra Space Storage investors own include Home Depot (HD), Cisco Systems (CSCO), Intel (INTC), AT&T (T), NVIDIA (NVDA), Johnson & Johnson (JNJ) and McDonald's (MCD). This page (NYSE:EXR) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. 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