Extra Space Storage - EXR Stock Forecast, Price & News

10 Wall Street equities research 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 equities research analysts is that investors should "buy" EXR shares.
View EXR analyst ratings or view top-rated stocks.

10 equities research analysts have issued 12 month target prices for Extra Space Storage's stock. Their EXR share price forecasts range from $156.00 to $237.00. On average, they predict the company's share price to reach $199.30 in the next year. This suggests that the stock has a possible downside of 6.0%.
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 6.5% and is now trading at $211.96.
View the best growth stocks for 2022 here.

Extra Space Storage saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,900,000 shares, an increase of 12.0% from the July 15th total of 2,590,000 shares. Based on an average daily volume of 663,200 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.2% of the company's 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 data on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by $0.35. The real estate investment trust had revenue of $379.81 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share.
Read the conference call transcript.

Extra Space Storage announced a quarterly dividend on Thursday, May 26th. Shareholders of record on Wednesday, June 15th will be given a dividend of $1.50 per share on Thursday, June 30th. This represents a $6.00 annualized dividend and a yield of 2.83%. The ex-dividend date is Tuesday, June 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 2.89%. The company has been increasing its dividend for 14 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 67.72% 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 updated 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."

Extra Space Storage's stock is owned by a variety of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (3.83%), FMR LLC (1.95%), Pictet Asset Management SA (1.44%), Northern Trust Corp (1.39%), Ceredex Value Advisors LLC (0.51%) and Aew Capital Management L P (0.44%). Insiders that own company stock include Byambasaikhan Bayanjargal, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Joseph D Margolis, Kenneth M Woolley, Matthew T Herrington, P Scott Stubbs, Samrat Sondhi, Spencer Kirk and William N Springer.
View institutional ownership trends.

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.

One share of EXR stock can currently be purchased for approximately $211.96.

Extra Space Storage (NYSE:EXR) has a market capitalization of $28.38 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 was founded in 1977.

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.