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.
Analysts Set New Price Targets
Several analysts have recently commented on EXR shares. Evercore ISI set a $198.00 price target on shares of Extra Space Storage in a research note on Monday, June 20th. UBS Group decreased their price objective on shares of Extra Space Storage from $234.00 to $197.00 and set a "buy" rating for the company in a research report on Monday, July 25th. KeyCorp dropped their target price on shares of Extra Space Storage from $224.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, June 16th. Jefferies Financial Group dropped their target price on shares of Extra Space Storage from $228.00 to $184.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. Finally, Truist Financial decreased their price target on shares of Extra Space Storage from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $199.30.
Extra Space Storage Trading Up 1.0 %
EXR Stock opened at $197.22 on Friday. The company has a market capitalization of $26.48 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. Extra Space Storage has a one year low of $156.70 and a one year high of $228.84. The company's 50 day moving average price is $173.96 and its two-hundred day moving average price is $187.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.41.
Extra Space Storage Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, June 14th. Extra Space Storage's dividend payout ratio is 90.36%.