NYSE:EXR Extra Space Storage (EXR) Stock Forecast, Price & News $146.05 +2.69 (+1.88%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$143.29▼$146.9150-Day Range$143.36▼$164.6852-Week Range$139.97▼$216.52Volume828,253 shsAverage Volume854,274 shsMarket Capitalization$19.72 billionP/E Ratio22.96Dividend Yield4.44%Price Target$170.56 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Extra Space Storage MarketRank™ ForecastAnalyst RatingHold2.27 Rating ScoreUpside/Downside16.8% Upside$170.56 Price TargetShort InterestBearish9.28% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.46Based on 5 Articles This WeekInsider TradingSelling Shares$908,088 Sold Last QuarterProj. Earnings Growth5.64%From $8.51 to $8.99 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.37 out of 5 starsFinance Sector480th out of 873 stocksReal Estate Investment Trusts Industry94th out of 191 stocks 2.1 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 3 buy ratings, 5 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $170.56, Extra Space Storage has a forecasted upside of 16.8% from its current price of $146.05.Amount of Analyst CoverageExtra Space Storage has only been the subject of 4 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.28% 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 8.9.Change versus previous monthShort interest in Extra Space Storage has recently increased by 6.11%, 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 4.52%, 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 101.89%. 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 72.08% next year. This indicates that Extra Space Storage will be able to sustain or increase its 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 1.9 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.46. 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 lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Extra Space Storage this week, compared to 6 articles on an average week.Search InterestOnly 20 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows8 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 14% 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 $908,088.00 in company stock.Percentage Held by InsidersOnly 1.55% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions95.32% 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 5.64% in the coming year, from $8.51 to $8.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 22.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 22.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.84.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 4.91. 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 4.89. 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 About Extra Space Storage (NYSE:EXR) StockExtra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores. The company was founded by Kenneth Musser Woolley on April 30, 2004, and is headquartered in Salt Lake City, UT.Read More 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 EXR Stock News HeadlinesMay 30, 2023 | msn.comExtra Space Storage (EXR) Declares $1.62 DividendMay 30, 2023 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Given Consensus Rating of "Hold" by BrokeragesJune 4, 2023 | Stocks To Trade (Ad)Free SMS Trade Alerts. Up to 15 opportunities a day.Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 28, 2023 | americanbankingnews.comWhitestone REIT (NYSE:WSR) and Extra Space Storage (NYSE:EXR) Critical ContrastMay 27, 2023 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) to Issue Quarterly Dividend of $1.62May 26, 2023 | msn.comExtra Space Storage declares $1.62 dividendMay 26, 2023 | finance.yahoo.comExtra Space Storage Inc. Announces 2nd Quarter 2023 DividendMay 21, 2023 | americanbankingnews.comExtra Space Storage Inc. Expected to Post Q2 2023 Earnings of $2.09 Per Share (NYSE:EXR)June 4, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 18, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Extra Space Storage (NYSE:EXR)May 16, 2023 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Short Interest Up 12.9% in AprilMay 16, 2023 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Sees Large Increase in Short InterestMay 15, 2023 | seekingalpha.comExtra Space Storage (EXR) Investor Presentation - SlideshowMay 10, 2023 | marketwatch.comExtra Space Storage Inc. stock rises Wednesday, still underperforms marketMay 9, 2023 | marketwatch.comExtra Space Storage Inc. stock underperforms Tuesday when compared to competitorsMay 9, 2023 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Receives New Coverage from Analysts at Bank of AmericaMay 8, 2023 | msn.comB of A Securities Reiterates Extra Space Storage (EXR) Buy RecommendationMay 8, 2023 | marketwatch.comExtra Space Storage Inc. stock rises Monday, outperforms marketMay 6, 2023 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Upgraded by StockNews.com to "Hold"May 5, 2023 | marketwatch.comExtra Space Storage Inc. stock outperforms competitors on strong trading dayMay 4, 2023 | finance.yahoo.comQ1 2023 Extra Space Storage Inc Earnings CallMay 3, 2023 | finance.yahoo.comQ1 2023 Life Storage Inc Earnings CallMay 3, 2023 | finance.yahoo.comExtra Space Storage (EXR) Q1 FFO & Revenues Lag EstimatesMay 3, 2023 | americanbankingnews.comBrokerages Set Extra Space Storage Inc. (NYSE:EXR) PT at $170.56May 2, 2023 | markets.businessinsider.comExtra Space Storage Inc. Announces Fall In Q1 Bottom Line, but beats estimatesMay 2, 2023 | marketwatch.comExtra Space Storage Inc. stock falls Tuesday, still outperforms marketMay 2, 2023 | finance.yahoo.comExtra Space Storage Inc. Reports 2023 First Quarter ResultsSee More Headlines EXR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EXR Company Calendar Last Earnings2/22/2023Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Today6/03/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:EXR CUSIP30225T10 CIK1289490 Webwww.extraspace.com Phone(801) 365-4600Fax801-365-4801Employees4,781Year Founded1977Price Target and Rating Average Stock Price Forecast$170.56 High Stock Price Forecast$197.00 Low Stock Price Forecast$145.00 Forecasted Upside/Downside+16.8%Consensus RatingHold Rating Score (0-4)2.27 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$6.36 Trailing P/E Ratio22.96 Forward P/E Ratio17.16 P/E Growth4.91Net Income$860.69 million Net Margins43.79% Pretax Margin47.10% Return on Equity21.62% Return on Assets7.36% Debt Debt-to-Equity Ratio1.82 Current Ratio0.27 Quick Ratio0.27 Sales & Book Value Annual Sales$1.92 billion Price / Sales10.25 Cash Flow$9.27 per share Price / Cash Flow15.76 Book Value$29.86 per share Price / Book4.89Miscellaneous Outstanding Shares135,050,000Free Float132,957,000Market Cap$19.72 billion OptionableOptionable Beta0.54 Social Links Key ExecutivesJoseph D. MargolisChief Executive Officer & DirectorMatthew HerringtonChief Operating Officer & Executive Vice PresidentP. Scott StubbsChief Financial Officer & Executive Vice PresidentZachary DickensChief Investment Officer & Executive VPGwyn G. McNealSecretary, Chief Legal Officer & Executive VPKey CompetitorsVentasNYSE:VTRLife StorageNYSE:LSICubeSmartNYSE:CUBEHealthcare Realty TrustNYSE:HROmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 331,595 shares on 6/1/2023Ownership: 0.352%Ontario Teachers Pension Plan BoardBought 18,725 shares on 6/1/2023Ownership: 0.014%ProShare Advisors LLCSold 7,711 shares on 5/26/2023Ownership: 0.026%Toroso Investments LLCBought 1,497 shares on 5/23/2023Ownership: 0.002%Ameriprise Financial Inc.Bought 50,217 shares on 5/22/2023Ownership: 0.273%View All Insider TransactionsView All Institutional Transactions EXR Stock - Frequently Asked Questions Should I buy or sell Extra Space Storage stock right now? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 2 sell ratings, 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? 11 analysts have issued 1-year price objectives for Extra Space Storage's stock. Their EXR share price forecasts range from $145.00 to $197.00. On average, they expect the company's stock price to reach $170.56 in the next year. This suggests a possible upside of 16.8% 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 at the start of the year. Since then, EXR stock has decreased by 0.8% and is now trading at $146.05. View the best growth stocks for 2023 here. Are investors shorting Extra Space Storage? Extra Space Storage saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 12,330,000 shares, an increase of 6.1% from the April 30th total of 11,620,000 shares. Based on an average trading volume of 1,380,000 shares, the short-interest ratio is presently 8.9 days. Approximately 9.3% of the company's shares are sold short. 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, August 1st 2023. View our EXR earnings forecast. How were Extra Space Storage's earnings last quarter? Extra Space Storage Inc. (NYSE:EXR) announced 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 analyst estimates of $433.39 million. Extra Space Storage had a trailing twelve-month return on equity of 21.62% and a net margin of 43.79%. The business's revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $1.91 EPS. 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, May 26th. Investors of record on Thursday, June 15th will be paid a dividend of $1.62 per share on Friday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Wednesday, June 14th. Read our dividend analysis for EXR. What ETFs hold Extra Space Storage's stock? ETFs with the largest weight of Extra Space Storage (NYSE:EXR) stock in their portfolio include Principal Real Estate Active Opportunities ETF (BYRE), iShares Residential and Multisector Real Estate ETF (REZ), Nuveen Short-Term REIT ETF (NURE), Pacer Industrial Real Estate ETF (INDS), Fidelity Real Estate Investment ETF (FPRO), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), iShares Cohen & Steers REIT ETF (ICF) and USCF Dividend Income Fund (UDI). Is Extra Space Storage a good dividend stock? Extra Space Storage (NYSE:EXR) pays an annual dividend of $6.48 per share and currently has a dividend yield of 4.52%. EXR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 101.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EXR will have a dividend payout ratio of 72.08% 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 FY23 earnings guidance on Tuesday, May, 2nd. The company provided EPS guidance of $8.30-$8.60 for the period, compared to the consensus earnings per share estimate of $8.51. 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (10.23%), State Street Corp (6.96%), Principal Financial Group Inc. (3.82%), Geode Capital Management LLC (2.36%), APG Asset Management US Inc. (1.96%) and FMR LLC (1.93%). Insiders that own company stock include Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Joseph D Margolis, 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 $146.05. How much money does Extra Space Storage make? Extra Space Storage (NYSE:EXR) has a market capitalization of $19.72 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 $6.36 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 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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