NYSE:EXR Extra Space Storage (EXR) Stock Forecast, Price & News $120.82 +0.31 (+0.26%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$119.98▼$121.7750-Day Range$120.51▼$146.8252-Week Range$119.90▼$180.76Volume848,078 shsAverage Volume1.49 million shsMarket Capitalization$25.53 billionP/E Ratio19.71Dividend Yield2.02%Price Target$148.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Extra Space Storage MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside23.1% Upside$148.75 Price TargetShort InterestHealthy2.99% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.35Based on 14 Articles This WeekInsider TradingSelling Shares$120,112 Sold Last QuarterProj. Earnings Growth6.24%From $8.01 to $8.51 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.2.78 out of 5 starsFinance Sector201st out of 877 stocksReal Estate Investment Trusts Industry36th out of 182 stocks 3.2 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $148.75, Extra Space Storage has a forecasted upside of 23.1% from its current price of $120.82.Amount of Analyst CoverageExtra Space Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.99% of the outstanding shares of Extra Space Storage have been sold short.Short Interest Ratio / Days to CoverExtra Space Storage has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Extra Space Storage has recently increased by 27.99%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldExtra Space Storage pays a meaningful dividend of 2.02%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthExtra Space Storage does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 39.80%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Extra Space Storage will have a dividend payout ratio of 28.67% 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 2.4 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.35. 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 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Extra Space Storage this week, compared to 6 articles on an average week.Search InterestOnly 7 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.MarketBeat Follows10 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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 $120,112.00 in company stock.Percentage Held by InsidersOnly 1.55% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions66.40% 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 6.24% in the coming year, from $8.01 to $8.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 19.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.28.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 19.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 75.80.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 11.88. 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 3.97. 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., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2023, the Company owned and/or operated 2,438 self-storage stores in 41 states and Washington, D.C. The Company's stores comprise approximately 1.7 million units and approximately 184.0 million square feet of rentable space. With the completed Life Storage Merger on July 20, 2023, Extra Space currently has over 3,500 locations under the Extra Space, Life Storage and Storage Express brands, and it is the largest operator of self-storage properties in the United States. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.Read More EXR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EXR Stock News HeadlinesSeptember 28, 2023 | finance.yahoo.com2 Undervalued High-Yield Names for High Total ReturnsSeptember 28, 2023 | nasdaq.comGoldman Sachs Reiterates Extra Space Storage (EXR) Buy RecommendationSeptember 28, 2023 | MarketBeat Internal (Ad)MarketBeat's Top 5 Stock Picks - Just ReleasedMarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys. September 27, 2023 | msn.comGoldman Sachs resumes coverage on storage REITs EXR and PSA on stabilizing fundamentalsSeptember 27, 2023 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Receives Average Rating of "Hold" from AnalystsSeptember 26, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Extra Space Storage (EXR) and KB Home (KBH)September 25, 2023 | gurufocus.comUnlocking Intrinsic Value: A Deep Dive into Extra Space Storage IncSeptember 24, 2023 | americanbankingnews.comMorgan Stanley Cuts Extra Space Storage (NYSE:EXR) Price Target to $115.00September 28, 2023 | MarketBeat Internal (Ad)MarketBeat's Top 5 Stock Picks - Just ReleasedMarketBeat has just released five new trading ideas to All Access subscribers, but Tesla, Apple, and Netflix didn't make the cut. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. Now, MarketBeat thinks these five stocks may be even better buys. September 22, 2023 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Sets New 1-Year Low on Analyst DowngradeSeptember 19, 2023 | forbes.comCrunching The Numbers: Is Your Storage Unit Worth The Expense?September 19, 2023 | benzinga.com$1000 Invested In Extra Space Storage 15 Years Ago Would Be Worth This Much TodaySeptember 18, 2023 | finance.yahoo.comExtra Space Storage (EXR) Hurt by Move-Out Activity, High RatesSeptember 18, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Extra Space Storage Inc. (NYSE:EXR) Lowered by Zacks ResearchSeptember 16, 2023 | finance.yahoo.comExtra Space Storage (EXR): A Hidden Gem in the REITs Industry?September 15, 2023 | msn.comEvercore ISI Group Maintains Extra Space Storage (EXR) In-Line RecommendationSeptember 15, 2023 | msn.comCitigroup Maintains Extra Space Storage (EXR) Neutral RecommendationSeptember 14, 2023 | finance.yahoo.comExtra Space Storage Inc (EXR): A Deep Dive into its Dividend Performance and SustainabilitySeptember 13, 2023 | markets.businessinsider.comCitigroup Maintains Neutral Rating for Extra Space Storage: Here's What You Need To KnowSeptember 7, 2023 | marketwatch.comExtra Space Storage Inc. stock underperforms Thursday when compared to competitors despite daily gainsSeptember 6, 2023 | finance.yahoo.comJanus' (JBI) Noke Smart System at Extra Space's 400 FacilitiesSeptember 5, 2023 | seekingalpha.comExtra Space Storage: I Buy Shares Each MonthSeptember 5, 2023 | msn.comExtra Space Storage: Yielding 5%, May Be My Favorite REITSeptember 1, 2023 | msn.comRaymond James Maintains Extra Space Storage (EXR) Strong Buy RecommendationAugust 29, 2023 | msn.comTruist Securities Maintains Extra Space Storage (EXR) Hold RecommendationAugust 29, 2023 | markets.businessinsider.comTruist Securities Maintains Hold Rating for Extra Space Storage: Here's What You Need To KnowAugust 29, 2023 | bizjournals.comExtra Space exec talks strategy, lessons learned from Life Storage mergerSee More Headlines 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 Company Calendar Last Earnings2/22/2023Ex-Dividend for 7/19 Dividend7/12/2023Dividend Payable7/19/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/28/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/07/2023Fiscal 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$148.75 High Stock Price Forecast$172.00 Low Stock Price Forecast$115.00 Forecasted Upside/Downside+22.8%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$6.13 Trailing P/E Ratio19.76 Forward P/E Ratio15.12 P/E Growth11.88Net Income$860.69 million Net Margins41.53% Pretax Margin44.67% Return on Equity20.69% Return on Assets6.92% Debt Debt-to-Equity Ratio1.86 Current Ratio0.24 Quick Ratio0.24 Sales & Book Value Annual Sales$1.92 billion Price / Sales13.30 Cash Flow$9.12 per share Price / Cash Flow13.28 Book Value$30.45 per share Price / Book3.98Miscellaneous Outstanding Shares211,300,000Free Float208,025,000Market Cap$25.59 billion OptionableOptionable Beta0.56 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Joseph Daniel Margolis J.D. (Age 62)CEO & Director Comp: $3.6MMr. P. Scott Stubbs (Age 55)Exec. VP & CFO Comp: $1.49MMs. Gwyn Goodson McNeal (Age 54)Exec. VP & Chief Legal Officer Comp: $1.09MMr. Samrat Sondhi (Age 48)Exec. VP & Chief Marketing Officer Comp: $1.34MMr. Noah Springer (Age 44)Exec. VP and Chief Strategy & Partnership Officer Comp: $1.11MMr. Matthew T. Herrington (Age 42)Exec. VP & COO Mr. Zachary Dickens (Age 48)Exec. VP & Chief Investment Officer Ms. Grace Kunde (Age 48)Sr. VP of Accounting & Fin. and Corp. Controller Mr. Timothy Arthurs (Age 64)Sr. VP of Operations Mr. Jeffrey NormanSr. VP of Capital MarketsMore ExecutivesKey CompetitorsVentasNYSE:VTRWelltowerNYSE:WELLCubeSmartNYSE:CUBEOmega Healthcare InvestorsNYSE:OHIPublic StorageNYSE:PSAView All CompetitorsInsiders & InstitutionsBarclays PLCBought 110,358 shares on 9/21/2023Ownership: 0.114%Joseph J BonnerSold 956 sharesTotal: $120,111.84 ($125.64/share)Portside Wealth Group LLCBought 4,578 shares on 9/1/2023Ownership: 0.002%CTC Alternative Strategies Ltd.Bought 1,625 shares on 8/23/2023Ownership: 0.001%Virginia Retirement Systems ET ALBought 21,810 shares on 8/22/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions EXR Stock - Frequently Asked Questions Should I buy or sell Extra Space Storage stock right now? 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. View EXR analyst ratings or view top-rated stocks. What is Extra Space Storage's stock price forecast for 2023? 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. How have EXR shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting Extra Space Storage? 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. When is Extra Space Storage's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. View our EXR earnings forecast. How were Extra Space Storage's earnings last quarter? 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. 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 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. What ETFs hold Extra Space Storage's stock? 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). Is Extra Space Storage a good dividend stock? 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. What guidance has Extra Space Storage issued on next quarter's earnings? 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 -. 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 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. 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 $121.13. How much money does Extra Space Storage make? 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. 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 9/28/2023 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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