NYSE:EXR

Extra Space Storage Stock Forecast, Price & News

$173.74
+1.17 (+0.68 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$172.53
$174.66
50-Day Range
$145.83
$174.68
52-Week Range
$97.40
$174.89
Volume524,030 shs
Average Volume787,621 shs
Market Capitalization$23.23 billion
P/E Ratio39.49
Dividend Yield2.32%
Beta0.17
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Extra Space Storage logo

About Extra Space Storage

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, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. 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. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.

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MarketRank

Overall MarketRank

1.90 out of 5 stars

Finance Sector

612th out of 2,043 stocks

Real Estate Investment Trusts Industry

136th out of 283 stocks

Analyst Opinion: 2.3Community Rank: 3.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Extra Space Storage (NYSE:EXR) Frequently Asked Questions

Is Extra Space Storage a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating, 2 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.

What stocks does MarketBeat like better than Extra Space Storage?

Wall Street analysts have given Extra Space Storage a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Extra Space Storage wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Extra Space Storage's next earnings date?

Extra Space Storage is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Extra Space Storage
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) announced its quarterly earnings results on Tuesday, July, 27th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by $0.31. The real estate investment trust earned $378.60 million during the quarter, compared to analysts' expectations of $318.63 million. Extra Space Storage had a net margin of 43.95% and a trailing twelve-month return on equity of 20.70%. The company's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share.
View Extra Space Storage's earnings history
.

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

Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EXR shares have increased by 66.4% and is now trading at $173.74.
View which stocks have been most impacted by COVID-19
.

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

Extra Space Storage declared a quarterly dividend on Thursday, May 27th. Investors of record on Tuesday, June 15th will be paid a dividend of $1.00 per share on Wednesday, June 30th. This represents a $4.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, June 14th.
View Extra Space Storage's dividend history
.

Is Extra Space Storage a good dividend stock?

Extra Space Storage pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.32%. Extra Space Storage does not yet have a strong track record of dividend growth. The dividend payout ratio of Extra Space Storage is 75.76%. 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 62.21% 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 updated its FY21 earnings guidance on Tuesday, July, 27th. The company provided EPS guidance of $6.45-$6.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.18.

What price target have analysts set for EXR?

13 Wall Street analysts have issued 12-month target prices for Extra Space Storage's shares. Their forecasts range from $119.00 to $189.00. On average, they expect Extra Space Storage's share price to reach $157.38 in the next twelve months. This suggests that the stock has a possible downside of 9.4%.
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:
  • Mr. Joseph Daniel Margolis J.D., CEO & Director (Age 60, Pay $2.57M)
  • Mr. P. Scott Stubbs, Exec. VP & CFO (Age 53, Pay $1.15M)
  • Mr. Matthew T. Herrington, Exec. VP & COO (Age 40, Pay $697.83k)
  • Ms. Gwyn Goodson McNeal, Exec. VP & Chief Legal Officer (Age 52, Pay $914.37k)
  • Mr. Samrat Sondhi, Exec. VP & Chief Marketing Officer (Age 46, Pay $960.16k)
  • Mr. Zachary Dickens, Exec. VP & Chief Investment Officer (Age 46)
  • Ms. Grace Kunde, Sr. VP of Accounting & Fin. and Corp. Controller (Age 46)
  • Mr. Jeffrey Norman, VP of Investor Relations & Corp. Communications
  • Mr. Timothy Arthurs, Sr. VP of Operations (Age 62)
  • Mr. Noah Springer, Exec. VP and Chief Strategy & Partnership Officer (Age 42)

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?

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 The 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 a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.06%), Stock Yards Bank & Trust Co. (0.05%), Moody Lynn & Lieberson LLC (0.04%), Manning & Napier Group LLC (0.04%), IFM Investors Pty Ltd (0.01%) and Spirit of America Management Corp NY (0.01%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, 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 JLP Asset Management LLC, Loudon Investment Management LLC, Usca Ria LLC, Moody Lynn & Lieberson LLC, and 6 Meridian. 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, P Scott Stubbs, Spencer Kirk, and William N Springer.
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 Manning & Napier Group LLC, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Raymond James Trust N.A., Eukles Asset Management, Spirit of America Management Corp NY, Taylor Frigon Capital Management LLC, and New Mexico Educational Retirement Board.
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 $173.74.

How much money does Extra Space Storage make?

Extra Space Storage has a market capitalization of $23.23 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 $5.28 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 or via email at [email protected]


This page was last updated on 7/29/2021 by MarketBeat.com Staff
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