Extra Space Storage Company Profile (NYSE:EXR)

About Extra Space Storage

Extra Space Storage logoExtra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores). The Company has interests in approximately 1000 operating stores. Of these stores, the Company owns approximately 270 stores in joint venture partnerships. An additional approximately 350 operating stores are owned by third parties and operated by the Company. The Company's operating stores are located in over 30 states of the United States, Washington D.C. and Puerto Rico, and contains approximately 100 million square feet of net rentable space in approximately 896,000 units. The Company's businesses are conducted through Extra Space Storage LP. The Company's rental operations activities include rental operations of stores.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Specialized REITs
  • Exchange: NYSE
  • Symbol: EXR
  • CUSIP: 30225T10
Key Metrics:
  • Previous Close: $81.38
  • 50 Day Moving Average: $80.65
  • 200 Day Moving Average: $87.80
  • 52-Week Range: $74.77 - $94.81
  • Trailing P/E Ratio: 41.35
  • Foreward P/E Ratio: 19.56
  • P/E Growth: 2.60
  • Market Cap: $10.24B
  • Outstanding Shares: 125,789,000
  • Beta: 0.76
Profitability:
  • Net Margins: 27.43%
  • Return on Equity: 13.27%
  • Return on Assets: 5.15%
Debt:
  • Debt-to-Equity Ratio: 1.55%
  • Current Ratio: 0.62%
  • Quick Ratio: 0.62%
Additional Links:
Companies Related to Extra Space Storage:

Analyst Ratings

Consensus Ratings for Extra Space Storage (NYSE:EXR) (?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.42)
Consensus Price Target: $91.68 (12.66% upside)

Analysts' Ratings History for Extra Space Storage (NYSE:EXR)
Show:
DateFirmActionRatingPrice TargetDetails
9/12/2016KeyCorpLower Price TargetOverweight$98.00 -> $89.00View Rating Details
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
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 9/27/2014 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: $4.16 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:3.83%
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)
75.00% (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)
Insider Ownership Percentage: 4.13%
Institutional Ownership Percentage: 96.31%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2016Spencer KirkCEOSell20,000$80.66$1,613,200.00View SEC Filing  
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
News IconNoteworthy Analyst Ratings of Two Stocks Cadence Design Systems Inc (NASDAQ:CDNS), Extra Space Storage, Inc ... - The Voice Registrar (NYSE:EXR)
voiceregistrar.com - September 24 at 9:34 AM
News IconTracking This Dividend Stock With Upside Possibility: Extra Space Storage Inc. (NYSE:EXR) - Post News (NYSE:EXR)
www.kentuckypostnews.com - September 21 at 5:29 PM
News IconTop Earnings to Watch for: Extra Space Storage Inc. (NYSE:EXR) - The Voice Registrar (NYSE:EXR)
voiceregistrar.com - September 21 at 5:29 PM
News IconAnalysts Valuations For Two Stocks: National Retail Properties, Inc. (NYSE:NNN), Extra Space Storage, Inc. (NYSE:EXR) - The Voice Registrar (NYSE:EXR)
voiceregistrar.com - September 20 at 8:47 AM
News IconFinancial Stocks Worth Chasing: CNO Financial Group, Inc. (CNO), Extra Space Storage Inc. (EXR) - The Independent Republic (NYSE:EXR)
theindependentrepublic.com - September 16 at 8:42 AM
prnewswire.com logoREIT Stocks Under Scanner -- Prologis, Duke Realty, Extra Space Storage, and Rexford Industrial Realty - PR Newswire (press release) (NYSE:EXR)
www.prnewswire.com - September 15 at 5:20 PM
forbes.com logoEXR Crosses Above 4% Yield Territory (NYSE:EXR)
www.forbes.com - September 14 at 5:00 PM
News IconAnalysts Valuations For Two Stocks: Penske Automotive Group, Inc. (NYSE:PAG), Extra Space Storage, Inc. (NYSE:EXR) - The Voice Registrar (NYSE:EXR)
voiceregistrar.com - September 14 at 9:06 AM
forbes.com logoEXR Crosses Above 4% Yield Territory - Forbes (NYSE:EXR)
www.forbes.com - September 14 at 9:06 AM
News IconTruces Call By Bulls and Bears: Verizon Communications (NYSE:VZ), Extra Space Storage (NYSE:EXR), Medivation ... - Street Wise Report (press release) (blog) (NYSE:EXR)
streetwisereport.com - September 13 at 9:48 AM
nasdaq.com logoExtra Space Storage is Oversold - Nasdaq (NYSE:EXR)
www.nasdaq.com - September 13 at 9:48 AM
streetinsider.com logoExtra Space Storage (EXR) CEO Kirk to Retire - StreetInsider.com (NYSE:EXR)
www.streetinsider.com - September 13 at 9:48 AM
stocksdaily.net logoExtra Space Storage Inc (NYSE:EXR): The Buzzing Stock | Stocks ... - Stocks Daily (NYSE:EXR)
www.stocksdaily.net - September 12 at 4:47 PM
seekingalpha.com logoSpencer Kirk to step down as CEO of Extra Space Storage (NYSE:EXR)
seekingalpha.com - September 12 at 9:47 AM
rttnews.com logoExtra Space Storage Appoints Joe Margolis To Succeed Spencer Kirk As CEO (NYSE:EXR)
www.rttnews.com - September 12 at 9:47 AM
streetinsider.com logoExtra Space Storage (EXR) CEO Kirk to Retire (NYSE:EXR)
www.streetinsider.com - September 12 at 9:47 AM
finance.yahoo.com logo6:03 am Extra Space Storage announces Spencer Kirk will retire as CEO effective Dec 31, 2016, Board selects Joseph Margolis to succeed as CEO, effective Jan 1 (NYSE:EXR)
finance.yahoo.com - September 12 at 9:47 AM
publicnow.com logoExtra Space Storage Announces Executive Leadership Transition (NYSE:EXR)
www.publicnow.com - September 12 at 9:47 AM
biz.yahoo.com logoEXTRA SPACE STORAGE INC. Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Fin (NYSE:EXR)
biz.yahoo.com - September 12 at 9:47 AM
News IconPlacing Extra Space Storage Inc (NYSE:EXR) Shares Under the Microscope - Post News (NYSE:EXR)
www.kentuckypostnews.com - September 9 at 4:48 PM
News IconExtra Space Storage Inc (NYSE:EXR) From The Analysts Point of View - National Daily Press (NYSE:EXR)
www.nationaldailypress.com - September 9 at 4:48 PM
prnewswire.com logoExtra Space Storage Inc. to Present at Bank of America Merrill Lynch 2016 Global Real Estate Conference - PR Newswire (press release) (NYSE:EXR)
www.prnewswire.com - September 9 at 9:45 AM
finance.yahoo.com logoExtra Space Storage Inc. to Present at Bank of America Merrill Lynch 2016 Global Real Estate Conference (NYSE:EXR)
finance.yahoo.com - September 9 at 9:45 AM
News IconToday's Top Gainers in the Market Extra Space Storage Inc. (NYSE ... - The Daily Leicester (NYSE:EXR)
thedailyleicester.com - September 7 at 8:16 AM
capitalcube.com logoETF’s with exposure to Extra Space Storage, Inc. : September 6, 2016 (NYSE:EXR)
www.capitalcube.com - September 6 at 4:50 PM
News IconShares Higher Over the Last Five Trading Sessions: Extra Space Storage Inc. (NYSE:EXR) - Post News (NYSE:EXR)
www.kentuckypostnews.com - September 6 at 9:46 AM
News IconStock Struggling for the Quarter: Extra Space Storage Inc. (NYSE:EXR) - Post News (NYSE:EXR)
www.kentuckypostnews.com - September 4 at 9:24 AM
bizjournals.com logo34 must-visit gems in metro Denver (Photos) (NYSE:EXR)
www.bizjournals.com - September 1 at 6:25 AM
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

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Extra Space Storage (NYSE:EXR) Chart for Tuesday, September, 27, 2016


Last Updated on 9/27/2016 by MarketBeat.com Staff