Extra Space Storage Stock Forecast, Price & News

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.

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.
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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.

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 analysts' consensus estimates of $1.56 by $0.31. The real estate investment trust earned $378.60 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share.
View Extra Space Storage's earnings history.

Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EXR shares have increased by 66.5% and is now trading at $173.82.
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Extra Space Storage announced a quarterly dividend on Thursday, May 27th. Shareholders 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.

Extra Space Storage pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.33%. 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.

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.

13 analysts have issued twelve-month price targets 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 year. This suggests that the stock has a possible downside of 9.5%.
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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.

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), CubeSmart (CUBE), Life Storage (LSI), Omega Healthcare Investors (OHI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), EPR Properties (EPR) and PotlatchDeltic (PCH).
View all of EXR's competitors.

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).

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 institutional and retail 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.

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.

EXR stock was acquired 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.

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.
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One share of EXR stock can currently be purchased for approximately $173.82.

Extra Space Storage has a market capitalization of $23.24 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.

Extra Space Storage employs 4,013 workers across the globe.

Extra Space Storage was founded in 1977.

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

Extra Space Storage is headquartered at 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121.

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]