Extra Space Storage (EXR) Stock Price, News & Analysis $138.12 -0.56 (-0.40%) (As of 04:10 PM ET) Add Compare Share Share Today's Range$136.28▼$138.5050-Day Range$103.08▼$138.6852-Week Range$101.19▼$170.30Volume842,361 shsAverage Volume1.46 million shsMarket Capitalization$29.18 billionP/E Ratio25.39Dividend Yield1.77%Price Target$142.64 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Extra Space Storage MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside3.3% Upside$142.64 Price TargetShort InterestHealthy2.74% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.11Based on 14 Articles This WeekInsider TradingAcquiring Shares$496,482 Bought Last QuarterProj. Earnings Growth2.46%From $8.13 to $8.33 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.2.68 out of 5 starsFinance Sector141st out of 821 stocksReal Estate Investment Trusts Industry29th out of 177 stocks 2.1 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 6 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $142.64, Extra Space Storage has a forecasted upside of 3.3% from its current price of $138.12.Amount of Analyst CoverageExtra Space Storage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.74% 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 4.2.Change versus previous monthShort interest in Extra Space Storage has recently decreased by 7.51%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldExtra Space Storage pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthExtra Space Storage has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 44.85%. 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 29.29% 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 2.8 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.11. 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 0.62 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 Interest15 people have searched for EXR on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat Follows7 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Extra Space Storage insiders have bought more of their company's stock than they have sold. Specifically, they have bought $496,482.00 in company stock and sold $0.00 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 2.46% in the coming year, from $8.13 to $8.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 25.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.47.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 25.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.52.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 14.22. 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 4.54. 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 Stock (NYSE:EXR)Extra 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 September 30, 2023, the Company owned and/or operated 3,651 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.5 million units and approximately 279.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. 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. It is the largest operator of self-storage properties in the United States.Read More EXR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EXR Stock News HeadlinesDecember 11, 2023 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Given Average Rating of "Hold" by AnalystsDecember 7, 2023 | finance.yahoo.comWhy Is Extra Space Storage (EXR) Up 15.3% Since Last Earnings Report?December 11, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 7, 2023 | benzinga.com(EXR) - Analyzing Extra Space Storage's Short InterestDecember 5, 2023 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Upgraded to "Hold" by StockNews.comDecember 5, 2023 | americanbankingnews.comFY2023 Earnings Forecast for Extra Space Storage Inc. (NYSE:EXR) Issued By Zacks ResearchDecember 4, 2023 | americanbankingnews.comEquities Analysts Set Expectations for Extra Space Storage Inc.'s FY2023 Earnings (NYSE:EXR)December 1, 2023 | forbes.comUp 25% In The Last One Month, Does Extra Space Storage Stock Have More Room To Run?December 11, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 27, 2023 | finance.yahoo.comExtra Space Announces Pricing of $600 Million of 5.900% Senior Notes due 2031November 15, 2023 | bizjournals.comDXD Capital breaks ground on self-storage facility in Northeast HeightsNovember 15, 2023 | finance.yahoo.comExtra Space Storage Inc. Announces 4th Quarter 2023 DividendNovember 15, 2023 | seekingalpha.comExtra Space Storage: I'm Hoarding The DividendsNovember 10, 2023 | seekingalpha.comI'm Not Done Buying 5.5%-Yielding Extra Space StorageNovember 10, 2023 | finance.yahoo.comDecoding Extra Space Storage Inc (EXR): A Strategic SWOT InsightNovember 9, 2023 | finance.yahoo.comQ3 2023 Extra Space Storage Inc Earnings CallNovember 8, 2023 | seekingalpha.comExtra Space Storage, Inc. (EXR) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | finance.yahoo.comIs the Slump in Self-Storage Stocks Over?November 8, 2023 | seekingalpha.comExtra Space Storage, Franklin Street among real estate gainers; Douglas Elliman in losersNovember 8, 2023 | msn.comExtra Space Storage's (EXR) Q3 FFO Lags, '23 View RevisedNovember 7, 2023 | markets.businessinsider.comExtra Space Storage Q3 Profit DownNovember 7, 2023 | finance.yahoo.comExtra Space Storage (EXR) Reports Q3 Earnings: What Key Metrics Have to SayNovember 6, 2023 | markets.businessinsider.comHere's what Wall Street expects from Extra Space Storage's earnings reportNovember 6, 2023 | msn.comExtra Space Storage (EXR) Surges 3.5%: Is This an Indication of Further Gains?November 2, 2023 | finance.yahoo.comClipper Realty Inc. (CLPR) Lags Q3 FFO and Revenue EstimatesOctober 31, 2023 | finance.yahoo.comPublic Storage (PSA) Q3 FFO Beats Estimates, View RaisedOctober 30, 2023 | marketwatch.com: Extra Space Storage downgraded to neutral from buy at BofA SecuritiesSee 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 Company Calendar Last Earnings2/22/2023Ex-Dividend for 9/29 Dividend9/14/2023Dividend Payable9/29/2023Today12/11/2023Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/28/2024Get 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 Target$142.64 High Stock Price Target$172.00 Low Stock Price Target$115.00 Potential Upside/Downside+4.4%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$5.44 Trailing P/E Ratio25.12 Forward P/E Ratio16.81 P/E Growth14.06Net Income$860.69 million Net Margins35.54% Pretax Margin38.13% Return on Equity11.64% Return on Assets5.02% Debt Debt-to-Equity Ratio0.70 Current Ratio0.50 Quick Ratio0.50 Sales & Book Value Annual Sales$1.92 billion Price / Sales15.01 Cash Flow$9.07 per share Price / Cash Flow15.07 Book Value$30.45 per share Price / Book4.49Miscellaneous Outstanding Shares211,280,000Free Float208,003,000Market Cap$28.88 billion OptionableOptionable Beta0.71 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Joseph Daniel Margolis J.D. (Age 62)CEO & Director Comp: $3.6MMr. P. Scott Stubbs (Age 55)Executive VP & CFO Comp: $1.49MMs. Gwyn Goodson McNeal (Age 54)Executive VP & Chief Legal Officer Comp: $1.09MMr. Samrat Sondhi (Age 48)Executive VP & Chief Marketing Officer Comp: $1.34MMr. Noah Springer (Age 44)Executive VP and Chief Strategy & Partnership Officer Comp: $1.11MMr. Matthew T. Herrington (Age 42)Executive VP & COO Comp: $719.01kMr. Zachary Dickens (Age 48)Executive VP & Chief Investment Officer Ms. Grace Kunde (Age 48)Senior VP of Accounting & Finance and Corporate Controller Mr. Timothy Arthurs (Age 64)Senior Vice President of Operations Comp: $203.12kMr. Jeffrey NormanSenior Vice President of Capital MarketsMore ExecutivesKey CompetitorsVentasNYSE:VTRPublic StorageNYSE:PSACubeSmartNYSE:CUBEWelltowerNYSE:WELLOmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 516,613 shares on 12/1/2023Ownership: 0.827%American Century Companies Inc.Sold 90,462 shares on 11/30/2023Ownership: 0.057%Deutsche Bank AGSold 624,783 shares on 11/24/2023Ownership: 0.167%EP Wealth Advisors LLCSold 46,663 shares on 11/24/2023Ownership: 0.004%Graham Capital Management L.P.Bought 5,415 shares on 11/22/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Extra Space Storage was last updated on Tuesday, November 28, 2023 at 9:53 PM. Pros Here are some ways that investors could benefit from investing in Extra Space Storage Inc.: Strong Market Position: Extra Space Storage Inc. is the largest operator of self-storage properties in the United States. This gives the company a significant competitive advantage and potential for continued growth in the industry. Wide Selection of Storage Units: 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. This diverse range of offerings attracts a broad customer base and increases revenue potential. Membership in S&P 500: Extra Space Storage Inc. is a member of the S&P 500, which indicates its stability and credibility as a company. This can provide reassurance to investors and potentially attract institutional investors. Real Estate Investment Trust (REIT): Extra Space Storage Inc. is a self-administered and self-managed REIT. Investing in a REIT provides investors with the opportunity to benefit from real estate ownership without the need for direct property management. REITs also offer potential tax advantages and regular dividend payments. Continued Expansion: As of September 30, 2023, Extra Space Storage Inc. owned and/or operated 3,651 self-storage stores in 42 states and Washington, D.C. This indicates the company's commitment to expansion and potential for further growth in the future. Cons Investors should be bearish about investing in Extra Space Storage Inc. for these reasons: Real Estate Market Volatility: The performance of Extra Space Storage Inc. is closely tied to the real estate market. Any downturn or instability in the market could negatively impact the company's financial performance and stock value. Competition in the Industry: While Extra Space Storage Inc. is the largest operator of self-storage properties in the United States, it faces competition from other companies in the industry. Increased competition could potentially affect the company's market share and profitability. Dependence on Economic Conditions: The demand for self-storage units is influenced by economic conditions. During economic downturns, individuals and businesses may reduce their need for storage space, which could impact Extra Space Storage Inc.'s revenue and profitability. Interest Rate Sensitivity: As a REIT, Extra Space Storage Inc. is sensitive to changes in interest rates. Rising interest rates can increase borrowing costs and potentially impact the company's profitability. Regulatory and Legal Risks: The self-storage industry is subject to various regulations and legal requirements. Changes in regulations or legal challenges could create additional costs and uncertainties for Extra Space Storage Inc. EXR Stock Analysis - Frequently Asked Questions Should I buy or sell Extra Space Storage stock right now? 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 2 sell ratings, 6 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 target for 2024? 12 brokerages have issued 12-month price objectives for Extra Space Storage's stock. Their EXR share price targets range from $115.00 to $172.00. On average, they anticipate the company's stock price to reach $142.64 in the next twelve months. This suggests a possible upside of 3.3% 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 stock has decreased by 6.2% and is now trading at $138.12. View the best growth stocks for 2023 here. Are investors shorting Extra Space Storage? Extra Space Storage saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 5,790,000 shares, a drop of 7.5% from the October 31st total of 6,260,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 4.2 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 Wednesday, February 28th 2024. View our EXR earnings forecast. How were Extra Space Storage's earnings last quarter? Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Wednesday, February, 22nd. The real estate investment trust reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by $0.56. The real estate investment trust earned $506.70 million during the quarter, compared to the consensus estimate of $433.39 million. Extra Space Storage had a trailing twelve-month return on equity of 11.64% and a net margin of 35.54%. Extra Space Storage's revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 Wednesday, November 15th. Stockholders of record on Friday, December 15th will be given a dividend of $1.62 per share on Friday, December 29th. This represents a $6.48 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.61. Read our dividend analysis for EXR. 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 1.76%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EXR will have a dividend payout ratio of 29.29% next year. This indicates that the company will be able to sustain or increase its dividend. 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). 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, November, 7th. The company provided earnings per share (EPS) guidance of $8.05-8.20 for the period, compared to the consensus EPS estimate of $7.76. 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). Who are Extra Space Storage's major shareholders? Extra Space Storage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (3.08%), JPMorgan Chase & Co. (1.58%), Massachusetts Financial Services Co. MA (1.43%), Northern Trust Corp (1.29%), Daiwa Securities Group Inc. (1.19%) and Legal & General Group Plc (1.14%). 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 and Spencer Kirk. 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. This page (NYSE:EXR) was last updated on 12/11/2023 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. 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