NYSE:EXR

Extra Space Storage Stock Forecast, Price & News

$205.13

+5.13 (+2.57%)

(As of 12/1/2021 01:39 PM ET)

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Today's Range: $199.00
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$207.41
50-Day Range: $167.89
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$204.32
52-Week Range: $106.56
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$204.98

Volume: 36,152 shs
Average Volume: 745,186 shs
Market Capitalization: $27.47 billion

P/E Ratio: 38.20
Dividend Yield: 2.46%
Beta: 0.29

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About Extra Space Storage

Extra 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.

These 2 “Recurring Revenue” Stocks Boast 5.5% Yields, 793% Payout Growth
November 8, 2021 | marketbeat.com

Extra Space Storage (NYSE:EXR) PT Raised to $230.00
November 30, 2021 | americanbankingnews.com

Extra Space Storage (NYSE:EXR) Given New $175.00 Price Target at Morgan Stanley
November 29, 2021 | americanbankingnews.com

Cary property was less than $1M in 2016. It just sold for $15M.
November 23, 2021 | finance.yahoo.com

Extra Space Storage Inc. Announces 4th Quarter 2021 Dividend
November 22, 2021 | finance.yahoo.com

Put Your Cash to Work in These 3 High-Performing REITs
November 22, 2021 | finance.yahoo.com

Extra Space Storage (NYSE:EXR) Given New $209.00 Price Target at KeyCorp
November 18, 2021 | americanbankingnews.com

Extra Space is Recognized as Self-Storage Sector Leader for Sustainability
November 16, 2021 | finance.yahoo.com

Here's Why I Think Extra Space Storage (NYSE:EXR) Might Deserve Your Attention Today
November 11, 2021 | finance.yahoo.com

Extra Space Storage, Inc. at Record Share-Price Level; Raises Dividend Again
November 5, 2021 | incomeinvestors.com

Extra Space Storage (NYSE:EXR) jumps 7.9% this week, though earnings growth is still tracking behind five-year shareholder returns
November 3, 2021 | nasdaq.com

Extra Space Storage inc (EXR) Q3 2021 Earnings Call Transcript
October 29, 2021 | finance.yahoo.com

Extra Space Storage (EXR) Tops Q3 FFO Estimates, Raises View
October 28, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Sector: Finance
Current Symbol: NYSE:EXR
Previous Symbol
CUSIP: 30225T10
CIK: 1289490
Web: www.extraspace.com
Phone: (801) 365-4600
Fax: 801-365-4801
Employees: 4,013
Year Founded: 1977

Sales & Book Value

Annual Sales: $1.36 billion
Price / Sales: 20.25
Cash Flow: $5.90 per share
Price / Cash Flow: 34.75
Book Value: $22.35 per share
Price / Book: 9.18

Profitability

EPS (Most Recent Fiscal Year): $5.37
Net Income: $481.78 million
Net Margins: 49.09%
Pretax Margin: 51.90%
Return on Equity: 22.72%
Return on Assets: 7.79%

Debt

Debt-to-Equity Ratio: 1.65
Current Ratio: 0.49
Quick Ratio: 0.49

Price-To-Earnings

Trailing P/E Ratio: 38.20
Forward P/E Ratio: 29.95
P/E Growth: 2.56

Miscellaneous

Outstanding Shares: 133,892,000
Free Float: 130,946,000
Market Cap: $27.47 billion
Optionable: Optionable

Company Calendar

Ex-Dividend: 9/14/2021
Dividend Payable: 9/30/2021
Last Earnings: 10/27/2021
Today: 12/01/2021
Fiscal Year End: 12/31/2021
Next Earnings (Estimated): 2/28/2022

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MarketRank^™

Overall MarketRank^™

2.73 out of 5 stars

Finance Sector

160th out of 1,340 stocks

Real Estate Investment Trusts Industry

31st out of 223 stocks

2.3 Analyst's Opinion

Consensus Rating
Extra Space Storage has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 10 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $184.60, Extra Space Storage has a forecasted downside of 10.9% from its current price of $207.17.
Amount of Analyst Coverage
Extra Space Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.3 Community Rank

Outperform Votes
Extra Space Storage has received 470 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Extra Space Storage has received 274 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Extra Space Storage has received 63.17% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Extra Space Storage and other stocks. Vote “Outperform” if you believe EXR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EXR will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Yield
Extra Space Storage pays a meaningful dividend of 2.46%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Extra Space Storage has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of Extra Space Storage is 93.11%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Extra Space Storage will have a dividend payout ratio of 67.66% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In 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 $714,050.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Extra Space Storage is held by insiders.
Percentage Held by Institutions
95.37% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Extra Space Storage are expected to grow by 7.88% in the coming year, from $6.85 to $7.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Extra Space Storage is 38.58, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Extra Space Storage is 38.58, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 12.68.
Price to Earnings Growth Ratio
Extra Space Storage has a PEG Ratio of 2.56. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Extra Space Storage has a P/B Ratio of 9.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Extra Space Storage (NYSE:EXR) Frequently Asked Questions

Is Extra Space Storage a buy right now?: 15 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, 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Extra Space Storage stock.
View analyst ratings for Extra Space Storage or view top-rated stocks.
How has Extra Space Storage's stock price been impacted by Coronavirus (COVID-19)?: Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EXR shares have increased by 96.5% and is now trading at $205.13.
View which stocks have been most impacted by COVID-19.
When is Extra Space Storage's next earnings date?: Extra Space Storage is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022.
View our earnings forecast for Extra Space Storage.
How were Extra Space Storage's earnings last quarter?: Extra Space Storage Inc. (NYSE:EXR) issued its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.71 by $0.31. The real estate investment trust had revenue of $351.36 million for the quarter, compared to analyst estimates of $338.35 million. Extra Space Storage had a trailing twelve-month return on equity of 22.72% and a net margin of 49.09%. The business's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 earnings per share.
View Extra Space Storage's earnings history.
How often does Extra Space Storage pay dividends? What is the dividend yield for Extra Space Storage?: Extra Space Storage announced a quarterly dividend on Monday, November 22nd. Investors of record on Wednesday, December 15th will be paid a dividend of $1.25 per share on Friday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, December 14th.
View Extra Space Storage's dividend history.
Is Extra Space Storage a good dividend stock?: Extra Space Storage pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.46%. Extra Space Storage has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Extra Space Storage is 93.11%. 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 67.66% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend.
View Extra Space Storage's dividend history.
What guidance has Extra Space Storage issued on next quarter's earnings?: Extra Space Storage issued an update on its FY 2021 earnings guidance on Wednesday, November, 3rd. The company provided EPS guidance of $6.750-$6.850 for the period. The company issued revenue guidance of -.
What price target have analysts set for EXR?: 15 Wall Street analysts have issued twelve-month price targets for Extra Space Storage's stock. Their forecasts range from $125.00 to $237.00. On average, they expect Extra Space Storage's stock price to reach $184.60 in the next year. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets for Extra Space Storage or view top-rated stocks among Wall Street analysts.
Who are Extra Space Storage's key executives?: Extra Space Storage's management team includes the following people:
Joseph D. Margolis, Chief Executive Officer & Director
Matthew Herrington, Chief Operating Officer & Executive Vice President
P. Scott Stubbs, Chief Financial Officer & Executive Vice President
Zachary Dickens, Chief Investment Officer & Executive VP
Gwyn G. McNeal, Secretary, Chief Legal Officer & Executive VP
What is Joe Margolis' approval rating as Extra Space Storage's CEO?: 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.
Who are some of Extra Space Storage's key competitors?: Some companies that are related to Extra Space Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Medical Properties Trust (MPW), CubeSmart (CUBE), Life Storage (LSI), Omega Healthcare Investors (OHI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), PotlatchDeltic (PCH), EPR Properties (EPR) and Sabra Health Care REIT (SBRA).
View all of EXR's competitors.
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), Honeywell International (HON) and 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.23%), Cohen & Steers Inc. (4.41%), Principal Financial Group Inc. (3.38%), Geode Capital Management LLC (2.18%), Massachusetts Financial Services Co. MA (2.10%) and Deutsche Bank AG (1.64%). Company insiders that own Extra Space Storage stock include Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Kenneth M Woolley, Matthew T Herrington, P Scott Stubbs, Samrat Sondhi, Spencer Kirk and William N Springer.
View institutional ownership trends for Extra Space Storage.
Which major investors are selling Extra Space Storage stock?: EXR stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Invesco Ltd., PGGM Investments, Daiwa Securities Group Inc., Goldman Sachs Group Inc., Russell Investments Group Ltd., Uniplan Investment Counsel Inc., and BNP Paribas Arbitrage SA. Company insiders that have sold Extra Space Storage company stock in the last year include Grace Kunde, Gwyn Goodson Mcneal, Joseph D Margolis, Matthew T Herrington, Samrat Sondhi, and Spencer Kirk.
View insider buying and selling activity for Extra Space Storage or view top insider-selling stocks.
Which major investors are buying Extra Space Storage stock?: EXR stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Morgan Stanley, Renaissance Technologies LLC, Man Group plc, Robeco Institutional Asset Management B.V., Teacher Retirement System of Texas, Geode Capital Management LLC, and UBS Group AG.
View insider buying and selling activity for Extra Space Storage or or view top insider-buying stocks.
How do I buy shares of Extra Space Storage?: 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.
What is Extra Space Storage's stock price today?: One share of EXR stock can currently be purchased for approximately $205.13.
How much money does Extra Space Storage make?: Extra Space Storage has a market capitalization of $27.47 billion and generates $1.36 billion in revenue each year. The real estate investment trust earns $481.78 million in net income (profit) each year or $5.37 on an earnings per share basis.
How many employees does Extra Space Storage have?: Extra Space Storage employs 4,013 workers across the globe.
When was Extra Space Storage founded?: Extra Space Storage was founded in 1977.
What is Extra Space Storage's official website?: The official website for Extra Space Storage is www.extraspace.com.
Where are Extra Space Storage's headquarters?: Extra Space Storage is headquartered at 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121.
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 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.

This page was last updated on 12/1/2021 by MarketBeat.com Staff

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Extra Space Storage Stock Forecast, Price & News

About Extra Space Storage

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

2.3 Analyst's Opinion

4.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

3.3 Dividend Strength

2.5 Company Ownership

1.3 Earnings and Valuation

Extra Space Storage (NYSE:EXR) Frequently Asked Questions

Is Extra Space Storage a buy right now?

How has Extra Space Storage's stock price been impacted by Coronavirus (COVID-19)?

When is Extra Space Storage's next earnings date?

How were Extra Space Storage's earnings last quarter?

How often does Extra Space Storage pay dividends? What is the dividend yield for Extra Space Storage?

Is Extra Space Storage a good dividend stock?

What guidance has Extra Space Storage issued on next quarter's earnings?

What price target have analysts set for EXR?

Who are Extra Space Storage's key executives?

What is Joe Margolis' approval rating as Extra Space Storage's CEO?

Who are some of Extra Space Storage's key competitors?

What other stocks do shareholders of Extra Space Storage own?

What is Extra Space Storage's stock symbol?

Who are Extra Space Storage's major shareholders?

Which major investors are selling Extra Space Storage stock?

Which major investors are buying Extra Space Storage stock?

How do I buy shares of Extra Space Storage?

What is Extra Space Storage's stock price today?

How much money does Extra Space Storage make?

How many employees does Extra Space Storage have?

When was Extra Space Storage founded?

What is Extra Space Storage's official website?

Where are Extra Space Storage's headquarters?

How can I contact Extra Space Storage?

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