NYSE:EXRExtra Space Storage Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Extra Space Storage, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $96.75 -0.47 (-0.48 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$94.23Now: $96.75▼$97.0850-Day Range$81.81MA: $90.40▼$102.9152-Week Range$72.70Now: $96.75▼$124.46Volume1.35 million shsAverage Volume873,577 shsMarket Capitalization$12.49 billionP/E Ratio29.05Dividend Yield3.70%Beta0.17 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 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.Read More Beat the Market (BTM) Rank™ 2.0 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 1.91, and is based on 3 buy ratings, 4 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $98.56, Extra Space Storage has a potential upside of 1.9% from its current price of $96.75.Amount of Analyst CoverageExtra Space Storage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesExtra Space Storage has received 432 “outperform” votes. (Add your “outperform” vote.)Underperform VotesExtra Space Storage has received 515 “underperform” votes. (Add your “underperform” vote.)Community SentimentExtra Space Storage has received 54.38% “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. Previous Next 4.2 Dividend Strength Dividend LeadershipExtra Space Storage is a leading dividend payer. It pays a dividend yield of 3.70%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthExtra Space Storage has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 73.77 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Extra Space Storage will have a dividend payout ratio of 73.77 % next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn 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 $5,784,351.00 in company stock.Percentage Held by InsidersOnly 2.64% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions98.40% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 0.62% in the coming year, from $4.85 to $4.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 29.05, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 29.05, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.70.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 11.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioExtra Space Storage has a P/B Ratio of 4.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.0Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.01 out of 5 stars 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 Phone801-365-4600Debt Debt-to-Equity Ratio1.85 Current Ratio0.84 Quick Ratio0.84Price-To-Earnings Trailing P/E Ratio29.05 Forward P/E Ratio19.95 P/E Growth11.09 Sales & Book Value Annual Sales$1.31 billion Price / Sales9.55 Cash Flow$5.25 per share Price / Cash Flow18.44 Book Value$21.49 per share Price / Book4.50Profitability EPS (Most Recent Fiscal Year)$4.88 Net Income$419.97 million Net Margins34.99% Return on Equity16.27% Return on Assets5.51%Miscellaneous Employees4,048 Outstanding Shares129,090,000Market Cap$12.49 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable EXR Rates by TradingView Receive EXR News and Ratings via Email Sign-up to receive the latest news and ratings for EXR and its competitors with MarketBeat's FREE daily newsletter. Extra Space Storage (NYSE:EXR) Frequently Asked Questions How has Extra Space Storage's stock been impacted by COVID-19 (Coronavirus)? 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 shares have decreased by 7.3% and is now trading at $96.75. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Extra Space Storage? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 4 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Extra Space Storage. When is Extra Space Storage's next earnings date? Extra Space Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. 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 Wednesday, May, 6th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.20 by $0.37. The real estate investment trust earned $286.70 million during the quarter, compared to analyst estimates of $284.34 million. Extra Space Storage had a return on equity of 16.27% and a net margin of 34.99%. Extra Space Storage's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share. 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 Friday, May 15th. Investors of record on Monday, June 15th will be given a dividend of $0.90 per share on Tuesday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, June 12th. View Extra Space Storage's dividend history. What price target have analysts set for EXR? 11 Wall Street analysts have issued 1-year price targets for Extra Space Storage's shares. Their forecasts range from $68.00 to $121.00. On average, they anticipate Extra Space Storage's share price to reach $98.56 in the next year. This suggests a possible upside of 1.9% from the stock's current price. View analysts' price targets for Extra Space Storage. Has Extra Space Storage been receiving favorable news coverage? Headlines about EXR stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Extra Space Storage earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutExtra Space Storage. Are investors shorting Extra Space Storage? Extra Space Storage saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,890,000 shares, an increase of 19.0% from the April 30th total of 4,950,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 4.7% of the shares of the stock are sold short. View Extra Space Storage's Current Options Chain. 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), HCP (HCP), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and National Health Investors (NHI). View all 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 Home Depot (HD), AT&T (T), Cisco Systems (CSCO), Intel (INTC), NVIDIA (NVDA), Honeywell International (HON), Mcdonald's (MCD), Public Storage (PSA), Walt Disney (DIS) 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 58)Mr. P. Scott Stubbs, Exec. VP & CFO (Age 51)Mr. Samrat Sondhi, Exec. VP & COO (Age 44)Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 50)Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 52) 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 BlackRock Inc. (11.43%), Cohen & Steers Inc. (7.94%), State Street Corp (6.66%), PGGM Investments (3.01%), Principal Financial Group Inc. (2.68%) and Geode Capital Management LLC (2.03%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, Grace Kunde, James Overturf, Joseph D Margolis, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View institutional ownership trends for Extra Space Storage. Which institutional investors are selling Extra Space Storage stock? EXR stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, Invesco Ltd., First Trust Advisors LP, Nuveen Asset Management LLC, Russell Investments Group Ltd., MERIAN GLOBAL INVESTORS UK Ltd, and BlackRock Inc.. Company insiders that have sold Extra Space Storage company stock in the last year include Grace Kunde, James Overturf, Joseph D Margolis, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi, and Spencer Kirk. View insider buying and selling activity for Extra Space Storage. Which institutional investors are buying Extra Space Storage stock? EXR stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Capital World Investors, Capital International Investors, APG Asset Management N.V., Principal Financial Group Inc., State Street Corp, Swiss National Bank, and Cbre Clarion Securities LLC. View insider buying and selling activity for Extra Space Storage. 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 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 $96.75. How big of a company is Extra Space Storage? Extra Space Storage has a market capitalization of $12.49 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 5/30/2020 by MarketBeat.com Staff
