Extra Space Storage - EXR Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EXR shares.
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10 Wall Street analysts have issued 12-month price targets for Extra Space Storage's stock. Their EXR share price forecasts range from $156.00 to $237.00. On average, they anticipate the company's share price to reach $205.18 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for EXR or view top-rated stocks among Wall Street analysts.

Extra Space Storage's stock was trading at $226.73 on January 1st, 2022. Since then, EXR stock has decreased by 21.4% and is now trading at $178.11.
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Extra Space Storage saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,100,000 shares, an increase of 8.0% from the August 31st total of 2,870,000 shares. Based on an average trading volume of 636,800 shares, the days-to-cover ratio is currently 4.9 days. Approximately 2.4% of the shares of the stock are short sold.
View Extra Space Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our EXR earnings forecast.

Extra Space Storage Inc. (NYSE:EXR) released its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by $0.35. The real estate investment trust earned $379.81 million during the quarter, compared to analyst estimates of $368.88 million. Extra Space Storage had a trailing twelve-month return on equity of 24.31% and a net margin of 51.63%. The firm's quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 earnings per share.
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Extra Space Storage announced a quarterly dividend on Friday, August 19th. Investors of record on Thursday, September 15th will be paid a dividend of $1.50 per share on Friday, September 30th. This represents a $6.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for EXR.

Extra Space Storage (NYSE:EXR) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.34%. The company 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 is 90.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EXR will have a dividend payout ratio of 65.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXR.

Extra Space Storage issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $8.30-$8.50 for the period. The company issued revenue guidance of -.

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.

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).

Extra Space Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXR."

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.
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One share of EXR stock can currently be purchased for approximately $178.11.

Extra Space Storage (NYSE:EXR) has a market capitalization of $23.85 billion and generates $1.58 billion in revenue each year. The real estate investment trust earns $827.65 million in net income (profit) each year or $6.64 on an earnings per share basis.

The company employs 4,309 workers across the globe.

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.