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

10 Wall Street research 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 research 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.
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10 brokers have issued twelve-month price targets for Extra Space Storage's shares. Their EXR share price forecasts range from $115.00 to $172.00. On average, they predict the company's share price to reach $148.75 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts price targets for EXR or view top-rated stocks among Wall Street analysts.

Extra Space Storage's stock was trading at $147.18 on January 1st, 2023. Since then, EXR shares have decreased by 17.7% and is now trading at $121.13.
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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 volume of 1,990,000 shares, the days-to-cover ratio is presently 3.2 days.
View Extra Space Storage's Short Interest.

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

Extra Space Storage Inc. (NYSE:EXR) posted its earnings results on Wednesday, February, 22nd. The real estate investment trust reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by $0.56. The real estate investment trust earned $506.70 million during the quarter, compared to analysts' expectations 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%. Extra Space Storage's revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 earnings per share.
Read the conference call transcript.

Extra Space Storage announced a quarterly dividend on Friday, August 18th. Shareholders 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 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for EXR.

ETFs with the largest weight of Extra Space Storage (NYSE:EXR) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), iShares Residential and Multisector Real Estate ETF (REZ), Principal Real Estate Active Opportunities ETF (BYRE), Pacer Industrial Real Estate ETF (INDS), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), iShares Cohen & Steers REIT ETF (ICF), ALPS Active REIT ETF (REIT) and SPDR Dow Jones REIT ETF (RWR).

Extra Space Storage (NYSE:EXR) pays an annual dividend of $2.44 per share and currently has a dividend yield of 2.02%. 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 28.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXR.

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

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.

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).

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

Extra Space Storage's stock is owned by many different 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.
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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.
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One share of EXR stock can currently be purchased for approximately $121.13.

Extra Space Storage (NYSE:EXR) has a market capitalization of $25.59 billion and generates $1.92 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.

The company employs 4,781 workers across the globe.

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.