Extra Space Storage Company Profile (NYSE:EXR)

About Extra Space Storage

Extra Space Storage logoExtra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company's rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company's self-storage facilities. The Company's property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31, 2014, it held ownership interests in 828 operating stores. Of these operating stores, 557 are wholly owned and 271 are owned in joint venture partnerships.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Specialized REITs
  • Exchange: NYSE
  • Symbol: EXR
  • CUSIP: 30225T10
Key Metrics:
  • Previous Close: $80.40
  • 50 Day Moving Average: $85.94
  • 200 Day Moving Average: $88.47
  • 52-Week Range: $70.98 - $94.81
  • Trailing P/E Ratio: 40.85
  • Foreward P/E Ratio: 19.28
  • P/E Growth: 2.63
  • Market Cap: $10.11B
  • Outstanding Shares: 125,789,000
  • Beta: 0.72
Additional Links:
Companies Related to Extra Space Storage:

Analyst Ratings

Consensus Ratings for Extra Space Storage (NYSE:EXR) (?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $90.46 (12.51% upside)

Analysts' Ratings History for Extra Space Storage (NYSE:EXR)
Show:
DateFirmActionRatingPrice TargetDetails
8/26/2016Cantor FitzgeraldReiterated RatingHoldView Rating Details
8/12/2016Raymond James Financial Inc.DowngradeStrong-Buy -> Outperform$95.00 -> $106.00View Rating Details
8/10/2016Jefferies GroupLower Price TargetBuy$115.00 -> $105.00View Rating Details
7/29/2016DA DavidsonBoost Price TargetNeutral$90.00 -> $95.00View Rating Details
7/25/2016SunTrust Banks Inc.DowngradeBuy -> Neutral$107.00 -> $100.00View Rating Details
5/17/2016BMO Capital MarketsReiterated RatingBuyView Rating Details
5/9/2016Royal Bank Of CanadaBoost Price TargetOutperform$88.00 -> $94.00View Rating Details
3/21/2016Evercore ISIBoost Price Target$88.00View Rating Details
12/7/2015KeyCorpUpgradeSector Weight -> Overweight$94.00View Rating Details
11/10/2015BB&T Corp.Initiated CoverageUnderweight$74.50 -> $74.50View Rating Details
10/2/2015Citigroup Inc.Boost Price TargetNeutral$70.00 -> $80.00View Rating Details
10/2/2015Bank of America Corp.Reiterated RatingOutperformView Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$74.00 -> $72.00View Rating Details
7/23/2015Robert W. BairdInitiated CoverageOutperform$83.00View Rating Details
7/17/2015Morgan StanleyReiterated RatingEqual Weight$61.00View Rating Details
(Data available from 8/31/2014 forward)

Earnings

Earnings History for Extra Space Storage (NYSE:EXR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2016        
7/27/2016Q2$0.93$0.94$213.32 million$244.30 millionViewListenView Earnings Details
5/2/2016Q116$0.85$0.86$204.78 million$229.40 millionViewListenView Earnings Details
2/23/2016Q415$0.76$0.87$191.15 million$225.76 millionViewListenView Earnings Details
10/28/2015Q315$0.78$0.81$169.93 million$197.50 millionViewListenView Earnings Details
7/29/2015Q215$0.74$0.75$168.25 million$185.86 millionViewListenView Earnings Details
4/29/2015Q115$0.68$0.68$167.49 million$173.20 millionViewListenView Earnings Details
2/19/2015Q414$0.67$0.68$160.54 million$167.37 millionViewListenView Earnings Details
10/30/2014Q314$0.65$0.72$158.10 million$167.37 millionViewListenView Earnings Details
7/30/2014Q214$0.63$0.64$153.02 million$160.20 millionViewListenView Earnings Details
4/28/2014Q114$0.55$0.57$142.90 million$152.20 millionViewListenView Earnings Details
2/20/2014Q413$0.55$0.52$133.59 million$141.93 millionViewListenView Earnings Details
10/29/2013Q313$0.50$0.54$129.03 million$133.10 millionViewListenView Earnings Details
8/2/2013Q213$0.49$0.50$123.77 million$126.20 millionViewListenView Earnings Details
4/29/2013Q113$0.44$0.46$111.69 million$119.32 millionViewListenView Earnings Details
2/22/2013Q412$0.43$0.46$110.08 million$113.70 millionViewListenView Earnings Details
10/29/2012Q312$0.40$0.43$103.50 millionViewN/AView Earnings Details
7/30/2012$0.35$0.38ViewN/AView Earnings Details
4/30/2012$0.33$0.33ViewN/AView Earnings Details
2/21/2012$0.32$0.35ViewN/AView Earnings Details
10/27/2011$0.30$0.32ViewN/AView Earnings Details
7/28/2011$0.27$0.29ViewN/AView Earnings Details
4/27/2011$0.24$0.25ViewN/AView Earnings Details
2/22/2011$0.24$0.29ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Extra Space Storage (NYSE:EXR)
Current Year EPS Consensus Estimate: $3.74 EPS
Next Year EPS Consensus Estimate: $4.17 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.84$0.86$0.85
Q2 20162$0.91$0.95$0.93
Q3 20164$0.95$1.00$0.98
Q4 20163$0.97$1.00$0.99
Q1 20172$1.01$1.01$1.01
Q2 20171$1.06$1.06$1.06
Q3 20172$1.06$1.08$1.07
Q4 20172$1.09$1.10$1.10
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Extra Space Storage (NYSE:EXR)
Annual Dividend:$3.12
Dividend Yield:3.88%
Dividend Growth:38.10% (3 Year Average)
Payout Ratio:158.38% (Based on Trailing 12 Months of Earnings)
83.42% (Based on Current Year Consensus EPS Estimate)
74.82% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for Extra Space Storage (NYSE:EXR)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/31/2016quarterly$0.783.88%9/13/20169/15/20169/30/2016
5/26/2016quarterly$0.783.37%6/13/20166/15/20166/30/2016
2/26/2016quarterly$0.592.84%3/11/20163/15/20163/31/2016
11/17/2015quarterly$0.592.9%12/11/201512/15/201512/31/2015
8/31/2015quarterly$0.593.21%9/11/20159/15/20159/30/2015
5/28/2015quarterly$0.593.34%6/11/20156/15/20156/30/2015
2/23/2015quarterly$0.472.85%3/12/20153/16/20153/31/2015
11/24/2014quarterly$0.473.21%12/11/201412/15/201412/31/2014
9/2/2014quarterly$0.473.49%9/11/20149/15/20149/30/2014
5/23/2014quarterly$0.473.57%6/11/20146/13/20146/30/2014
2/24/2014quarterly$0.403.35%3/12/20143/14/20143/28/2014
11/18/2013quarterly$0.403.91%12/11/201312/13/201312/31/2013
9/4/2013quarterly$0.403.9%9/12/20139/16/20139/30/2013
5/22/2013quarterly$0.403.69%6/12/20136/14/20136/28/2013
2/21/2013quarterly$0.252.62%3/13/20133/15/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Extra Space Storage (NYSE:EXR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/1/2016Spencer KirkCEOSell20,000$86.42$1,728,400.00View SEC Filing  
7/1/2016Spencer KirkCEOSell20,000$91.59$1,831,800.00View SEC Filing  
6/1/2016Spencer KirkCEOSell20,000$93.00$1,860,000.00View SEC Filing  
5/12/2016P Scott StubbsCFOSell6,250$93.31$583,187.50View SEC Filing  
5/10/2016Gwyn Goodson McnealEVPSell500$93.50$46,750.00View SEC Filing  
5/10/2016Samrat SondhiCOOSell6,673$93.39$623,191.47View SEC Filing  
5/4/2016Grace KundeSVPSell1,700$89.47$152,099.00View SEC Filing  
5/2/2016Spencer KirkCEOSell20,000$86.06$1,721,200.00View SEC Filing  
4/1/2016Spencer KirkCEOSell20,000$93.39$1,867,800.00View SEC Filing  
3/10/2016Karl HaasDirectorSell22,486$84.92$1,909,511.12View SEC Filing  
3/1/2016Spencer KirkCEOSell20,000$83.60$1,672,000.00View SEC Filing  
2/1/2016Spencer KirkCEOSell20,000$90.16$1,803,200.00View SEC Filing  
12/1/2015Spencer KirkCEOSell20,000$84.41$1,688,200.00View SEC Filing  
11/19/2015Kenneth M. WoolleyChairmanSell200,000$80.68$16,136,000.00View SEC Filing  
11/2/2015Spencer KirkCEOSell20,000$79.13$1,582,600.00View SEC Filing  
10/1/2015Spencer KirkCEOSell20,000$76.92$1,538,400.00View SEC Filing  
9/1/2015Spencer KirkCEOSell20,000$72.40$1,448,000.00View SEC Filing  
7/1/2015Spencer KirkCEOSell20,000$65.65$1,313,000.00View SEC Filing  
5/1/2015Spencer KirkCEOSell20,000$65.88$1,317,600.00View SEC Filing  
4/1/2015Spencer KirkCEOSell20,000$67.04$1,340,800.00View SEC Filing  
3/3/2015Karl HaasDirectorSell10,990$65.91$724,350.90View SEC Filing  
3/2/2015Spencer KirkCEOSell20,000$66.16$1,323,200.00View SEC Filing  
2/2/2015Spencer KirkCEOSell20,000$64.94$1,298,800.00View SEC Filing  
1/2/2015Spencer KirkCEOSell20,000$58.73$1,174,600.00View SEC Filing  
8/7/2014James OverturfCMOSell1,975$52.17$103,035.75View SEC Filing  
5/27/2014Grace KundeSVPSell1,543$52.50$81,007.50View SEC Filing  
5/5/2014P Scott StubbsCFOSell12,500$51.60$645,000.00View SEC Filing  
3/13/2014Karl HaasDirectorSell20,740$49.14$1,019,163.60View SEC Filing  
9/16/2013Grace KundeVPSell1,700$44.35$75,395.00View SEC Filing  
9/10/2013Karl HaasCOOSell19,650$43.00$844,950.00View SEC Filing  
5/20/2013Kenneth M WoolleyChairmanSell38,015$44.36$1,686,345.40View SEC Filing  
5/17/2013Kenneth M WoolleyChairmanSell83,966$44.42$3,729,769.72View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Extra Space Storage (NYSE:EXR)
DateHeadline
investornewswire.com logoCan Extra Space Storage Inc (NYSE:EXR) Surprise Analysts? - Investor Newswire (NYSE:EXR)
www.investornewswire.com - August 29 at 4:51 PM
publicnow.com logoExtra Space Storage Inc. Announces Third Quarter 2016 Dividend (NYSE:EXR)
www.publicnow.com - August 29 at 4:51 PM
News IconExtra Space Storage Inc. (NYSE:EXR) missed earnings on 1 occasions - The Independent Republic (NYSE:EXR)
theindependentrepublic.com - August 25 at 10:12 PM
News IconExtra Space Storage Inc. (NYSE:EXR) from REIT – Industrial – Todays Top Gains (NYSE:EXR)
twincountynews.com - August 24 at 4:51 PM
capitalcube.com logoETF’s with exposure to Extra Space Storage, Inc. : August 24, 2016 (NYSE:EXR)
www.capitalcube.com - August 24 at 4:51 PM
News IconRatings & Crowd Appeal on Extra Space Storage Inc (NYSE:EXR) - Post News (NYSE:EXR)
www.kentuckypostnews.com - August 21 at 4:36 PM
News IconREIT – Industrial: Extra Space Storage Inc. (NYSE:EXR) Position of the day (NYSE:EXR)
twincountynews.com - August 19 at 4:54 PM
News IconStreet Consensus on Extra Space Storage Inc (NYSE:EXR) - Post News (NYSE:EXR)
www.kentuckypostnews.com - August 19 at 6:10 AM
News IconMonitoring the Consensus for Extra Space Storage Inc (NYSE:EXR) - Post News (NYSE:EXR)
www.kentuckypostnews.com - August 18 at 6:11 AM
News IconIs Extra Space Storage Inc.(NYSE: EXR), a large market cap stock a ... - The Daily Leicester (NYSE:EXR)
thedailyleicester.com - August 18 at 6:11 AM
News IconLarge Cap REIT – Industrial: Extra Space Storage Inc. (NYSE:EXR) (NYSE:EXR)
twincountynews.com - August 17 at 10:13 PM
News IconExtra Space Storage Inc. (NYSE:EXR) – Top Stock from Financial ... - The Daily Leicester (NYSE:EXR)
thedailyleicester.com - August 17 at 5:41 AM
News IconTop Gainers of the Day: Extra Space Storage Inc. (NYSE:EXR) from REIT – Industrial (NYSE:EXR)
twincountynews.com - August 16 at 10:05 PM
stocksdaily.net logoWill Extra Space Storage Inc (NYSE:EXR) Surprise Analysts This Quarter? (NYSE:EXR)
www.stocksdaily.net - August 12 at 4:58 PM
finance.yahoo.com logoEXTRA SPACE STORAGE INC. Financials (NYSE:EXR)
finance.yahoo.com - August 12 at 4:58 PM
News IconIs Extra Space Storage Inc. (NYSE:EXR), a large market cap stock a smart buy? (NYSE:EXR)
twincountynews.com - August 11 at 5:08 PM
News IconLeading stocks in today’s market: Extra Space Storage Inc. (NYSE:EXR) (NYSE:EXR)
twincountynews.com - August 10 at 12:19 PM
fortune.com logoHere Are Research Reports Worth Watching: Extra Space Storage ... - Review Fortune (NYSE:EXR)
reviewfortune.com - August 9 at 5:58 AM
tradecalls.org logoExtra Space Storage Inc (EXR) Shares are Down -4.12% - Trade Calls (NYSE:EXR)
www.tradecalls.org - August 8 at 5:05 PM
biz.yahoo.com logoEXTRA SPACE STORAGE INC. Files SEC form 10-Q, Quarterly Report (NYSE:EXR)
biz.yahoo.com - August 5 at 10:11 PM
capitalcube.com logoETF’s with exposure to Extra Space Storage, Inc. : August 5, 2016 (NYSE:EXR)
www.capitalcube.com - August 5 at 4:59 PM
News IconAnalysts Rating to Track: Extra Space Storage, Inc. (NYSE:EXR) - The Voice Registrar (NYSE:EXR)
voiceregistrar.com - August 4 at 10:42 PM
tradecalls.org logoAnalyst Rating Update on Extra Space Storage Inc (EXR) - Trade Calls (NYSE:EXR)
www.tradecalls.org - August 4 at 10:42 PM
News IconUpdate on Extra Space Storage Inc. (NYSE:EXR) for the day (NYSE:EXR)
twincountynews.com - August 4 at 5:13 PM
capitalcube.com logoExtra Space Storage, Inc. :EXR-US: Earnings Analysis: Q2, 2016 By the Numbers : August 4, 2016 (NYSE:EXR)
www.capitalcube.com - August 4 at 5:13 PM
forbes.com logoExtra Space Storage Enters Oversold Territory (NYSE:EXR)
www.forbes.com - August 3 at 11:57 AM
tradecalls.org logoSolaris Asset Management Lowers stake in Extra Space Storage (EXR) - Trade Calls (NYSE:EXR)
www.tradecalls.org - August 3 at 6:13 AM
istreetwire.com logoTrader's Round Up: Extra Space Storage Inc. (EXR), Callon Petroleum Company (CPE), The Michaels Companies, Inc ... - iStreetWire (NYSE:EXR)
istreetwire.com - August 1 at 9:45 AM
breakingfinancenews.com logoA statement released earlier today by D. A. Davidson about Extra Space Storage Inc.(NYSE:EXR) bumps the target price to $95 (NYSE:EXR)
breakingfinancenews.com - July 30 at 4:34 PM
News IconEarnings Report of the Stocks: Extra Space Storage Inc. (NYSE:EXR), Murphy Oil Corporation (NYSE:MUR) - News Oracle (NYSE:EXR)
www.newsoracle.com - July 29 at 10:20 PM
nasdaq.com logoEXR Crosses Below Key Moving Average Level (NYSE:EXR)
www.nasdaq.com - July 29 at 5:03 PM
fortune.com logoNotable Brokerage Recommendations: Extra Space Storage, Inc. (NYSE:EXR), Hologic, Inc. (NASDAQ:HOLX) - Review Fortune (NYSE:EXR)
reviewfortune.com - July 29 at 11:59 AM
thestreet.com logo10 High-Yield Dividend Stocks With 20% Annual Returns to Buy Now (NYSE:EXR)
www.thestreet.com - July 29 at 11:37 AM
finance.yahoo.com logoEdited Transcript of EXR earnings conference call or presentation 28-Jul-16 5:00pm GMT (NYSE:EXR)
finance.yahoo.com - July 29 at 4:42 AM
biz.yahoo.com logoExtra Space Storage Inc Earnings Call scheduled for 1:00 pm ET today (NYSE:EXR)
biz.yahoo.com - July 28 at 1:00 PM
prnewswire.com logoExtra Space Storage Inc. Reports 2016 Second Quarter Results - PR Newswire (press release) (NYSE:EXR)
www.prnewswire.com - July 28 at 7:28 AM
fidaily.com logoDaiwa Securities Group Inc. Decreases Its Ownership in Extra Space Storage Inc Common (EXR) Stock (NYSE:EXR)
www.fidaily.com - July 27 at 10:39 PM
finance.yahoo.com logoExtra Space Storage Inc. Reports 2016 Second Quarter Results - Yahoo Finance (NYSE:EXR)
finance.yahoo.com - July 27 at 5:06 PM
sg.finance.yahoo.com logoExtra Space Storage reports 2Q results (NYSE:EXR)
sg.finance.yahoo.com - July 27 at 4:59 PM
biz.yahoo.com logoQ2 2016 Extra Space Storage Inc Earnings Release - After Market Close (NYSE:EXR)
biz.yahoo.com - July 27 at 7:07 AM
fortune.com logoAnalysts Downgrades Report: Extra Space Storage, Inc. (NYSE:EXR) - Review Fortune (NYSE:EXR)
reviewfortune.com - July 26 at 5:00 PM
tradecalls.org logoExtra Space Storage Inc (EXR) Shares are Up 0.98% - Trade Calls (NYSE:EXR)
www.tradecalls.org - July 25 at 10:29 PM
fidaily.com logoDaiwa Securities Group Inc. Decreases Its Ownership in Extra Space Storage Inc Common (EXR) Stock - Finance Daily (NYSE:EXR)
www.fidaily.com - July 25 at 5:01 PM
finance.yahoo.com logoExtra Space Storage downgraded by SunTrust (NYSE:EXR)
finance.yahoo.com - July 25 at 7:20 AM
News IconEarnings Focus and Crowd Sourced Sentiment Review for Extra Space Storage Inc (NYSE:EXR) - TGP (NYSE:EXR)
telanaganapress.com - July 21 at 10:29 PM
News IconToday's Top Gainers in the Market Extra Space Storage Inc. (NYSE:EXR) from Financial - The Daily Leicester (NYSE:EXR)
thedailyleicester.com - July 21 at 5:08 PM
News IconExtra Space Storage Incorporated (NYSE:EXR) Shorts Decreased by 13.53% After Short Covering - Press Telegraph (NYSE:EXR)
presstelegraph.com - July 20 at 6:14 PM
News IconStock Strength in Focus for Extra Space Storage Inc. (NYSE:EXR) - Press Telegraph (NYSE:EXR)
presstelegraph.com - July 20 at 6:37 AM
News IconAnalysts Pounding the Table on Shares of Extra Space Storage Inc. (NYSE:EXR) - TGP (NYSE:EXR)
telanaganapress.com - July 19 at 5:02 PM
News IconDiam Company LTD Increased Extra Space Storage INC (NYSE:EXR) by $6.66 Million as Shares Rose - Consumer Eagle (NYSE:EXR)
www.consumereagle.com - July 19 at 5:02 PM

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Extra Space Storage (NYSE:EXR) Chart for Wednesday, August, 31, 2016


Last Updated on 8/31/2016 by MarketBeat.com Staff