NYSE:EXR

Extra Space Storage Stock Forecast, Price & News

$115.12

-1.86 (-1.59 %)

(As of 01/27/2021 12:00 AM ET)

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Today's Range

$114.47

Now: $115.12▼

$117.93

50-Day Range

$108.71

MA: $112.83▼

$116.98

52-Week Range

$72.70

Now: $115.12▼

$121.07

Volume760,660 shs

Average Volume797,906 shs

Market Capitalization$15.12 billion

P/E Ratio34.16

Dividend Yield3.08%

Beta0.17

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.

MarketRank^™

Overall MarketRank^™

1.66 out of 5 stars

Finance Sector

539th out of 1,937 stocks

Real Estate Investment Trusts Industry

126th out of 273 stocks

1.2 Analyst's Opinion

Consensus Rating
Extra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 7 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $115.00, Extra Space Storage has a forecasted downside of 0.1% from its current price of $115.12.
Amount of Analyst Coverage
Extra Space Storage has only been the subject of 4 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Extra Space Storage has received 442 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Extra Space Storage has received 526 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Extra Space Storage has received 54.34% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Extra Space Storage and other stocks. Vote “Outperform” if you believe EXR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EXR will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Extra Space Storage pays a meaningful dividend of 3.08%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Extra Space Storage does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Extra Space Storage is 73.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Extra Space Storage will have a dividend payout ratio of 66.06% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Extra Space Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,233,973.00 in company stock.
Percentage Held by Insiders
Only 2.64% of the stock of Extra Space Storage is held by insiders.
Percentage Held by Institutions
96.89% 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.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Extra Space Storage are expected to grow by 6.45% in the coming year, from $5.12 to $5.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Extra Space Storage is 34.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Extra Space Storage is 34.16, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 21.51.
Price to Earnings Growth Ratio
Extra Space Storage has a PEG Ratio of 5.80. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Extra Space Storage has a P/B Ratio of 5.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustrySpecialized REITs

SectorFinance

Current SymbolNYSE:EXR

Previous Symbol

CUSIP30225T10

CIK1289490

Webwww.extraspace.com

Phone801-365-4600

Employees4,048

Year FoundedN/A

Debt

Debt-to-Equity Ratio1.91

Current Ratio0.52

Quick Ratio0.52

Price-To-Earnings

Trailing P/E Ratio34.16

Forward P/E Ratio22.48

P/E Growth5.8

Sales & Book Value

Annual Sales$1.31 billion

Price / Sales11.56

Cash Flow$5.43 per share

Price / Cash Flow21.21

Book Value$22.56 per share

Price / Book5.10

Profitability

EPS (Most Recent Fiscal Year)$4.88

Net Income$419.97 million

Net Margins34.54%

Return on Equity16.54%

Return on Assets5.39%

Miscellaneous

Outstanding Shares131,358,000

Market Cap$15.12 billion

Next Earnings Date2/16/2021 (Estimated)

OptionableOptionable

$115.12

-1.86 (-1.59 %)

(As of 01/27/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Extra Space Storage (NYSE:EXR) Frequently Asked Questions

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

Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EXR stock has increased by 10.3% and is now trading at $115.12.
View which stocks have been most impacted by COVID-19.

Is Extra Space Storage a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 2 sell ratings, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Extra Space Storage stock. 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 analyst ratings for Extra Space Storage or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Extra Space Storage?

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

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.

When is Extra Space Storage's next earnings date?

Extra Space Storage is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Extra Space Storage.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Wednesday, November, 4th. The real estate investment trust reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $1.24 by $0.36. The real estate investment trust had revenue of $290.42 million for the quarter, compared to analyst estimates of $286.55 million. Extra Space Storage had a net margin of 34.54% and a trailing twelve-month return on equity of 16.54%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS.
View Extra Space Storage's earnings history.

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, November 12th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.90 per share on Thursday, December 31st. This represents a $3.60 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Monday, December 14th.
View Extra Space Storage's dividend history.

Is Extra Space Storage a good dividend stock?

Extra Space Storage pays an annual dividend of $3.60 per share and currently has a dividend yield of 3.08%. The dividend payout ratio of Extra Space Storage is 73.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Extra Space Storage will have a dividend payout ratio of 66.06% 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 price target have analysts set for EXR?

13 equities research analysts have issued 12-month target prices for Extra Space Storage's stock. Their forecasts range from $100.00 to $135.00. On average, they anticipate Extra Space Storage's share price to reach $115.00 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts' price targets for Extra Space Storage or view Wall Street analyst' top-rated stocks.

Who are some of Extra Space Storage's key competitors?

Some companies that are related to Extra Space Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), PotlatchDeltic (PCH) and EPR Properties (EPR).
View all of EXR's 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).

Who are Extra Space Storage's key executives?

Extra Space Storage's management team includes the following people:

Mr. Joseph D. Margolis J.D., CEO & Director (Age 59, Pay $2.32M)
Mr. P. Scott Stubbs, Exec. VP & CFO (Age 52, Pay $1.1M)
Mr. Gwyn Goodson McNeal, Exec. VP & Chief Legal Officer (Age 51, Pay $843.37k)
Mr. Samrat Sondhi, Exec. VP & Chief Marketing Officer (Age 45, Pay $856.26k)
Mr. Matthew T. Herrington, Exec. VP & COO
Ms. Grace Kunde, Sr. VP of Accounting & Fin. and Corp. Controller (Age 45)
Mr. Jeffrey Norman, VP of Investor Relations & Corp. Communications
Mr. Timothy Arthurs, Sr. VP of Operations (Age 61)
Mr. David L. Rasmussen, VP & Gen. Counsel (Age 74)
Mr. Clint Porter Halverson, VP of HR

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 institutional and retail investors. Top institutional investors include New York State Teachers Retirement System (0.13%), Strs Ohio (0.13%), Gateway Investment Advisers LLC (0.08%), Nisa Investment Advisors LLC (0.08%), Retirement Systems of Alabama (0.07%) and Gradient Investments LLC (0.07%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Kenneth M Woolley, 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 Gateway Investment Advisers LLC, New York State Teachers Retirement System, Strs Ohio, Gradient Investments LLC, State of Alaska Department of Revenue, Pacer Advisors Inc., First Citizens Bank & Trust Co., and Manning & Napier Group LLC. Company insiders that have sold Extra Space Storage company stock in the last year include Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Kenneth M Woolley, 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 acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, G&S Capital LLC, Pendal Group Limited, DNB Asset Management AS, Redpoint Investment Management Pty Ltd, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, and Sowell Financial Services LLC.
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.

What is Extra Space Storage's stock price today?

One share of EXR stock can currently be purchased for approximately $115.12.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $15.12 billion and generates $1.31 billion in revenue each year. The real estate investment trust earns $419.97 million in net income (profit) each year or $4.88 on an earnings per share basis. Extra Space Storage employs 4,048 workers across the globe.

What is Extra Space Storage's official website?

The official website for Extra Space Storage is www.extraspace.com.

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.

This page was last updated on 1/28/2021 by MarketBeat.com Staff

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