Extra Space Storage Stock Forecast, Price & News

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.

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.

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.

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.

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.

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.

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.

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 -.

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.

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.

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).

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

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.

One share of EXR stock can currently be purchased for approximately $174.38.

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.

Extra Space Storage employs 4,309 workers across the globe.

Extra Space Storage was founded in 1977.

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.