Extra Space Storage Stock Price, News & Analysis (NYSE:EXR)

$115.98
-0.87 (-0.74 %)
(As of 09/22/2019 04:00 PM ET)
Today's Range
$115.71
Now: $115.98
$117.81
50-Day Range
$113.96
MA: $119.06
$123.52
52-Week Range
$83.70
Now: $115.98
$124.46
Volume1.56 million shs
Average Volume833,701 shs
Market Capitalization$14.91 billion
P/E Ratio24.84
Dividend Yield3.08%
Beta0.19
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, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP30225T10
Phone801-365-4600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.20 billion
Cash Flow$5.2599 per share
Book Value$22.02 per share

Profitability

Net Income$415.29 million

Miscellaneous

Employees3,624
Market Cap$14.91 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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Extra Space Storage (NYSE:EXR) Frequently Asked Questions

What is Extra Space Storage's stock symbol?

Extra Space Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXR."

How often does Extra Space Storage pay dividends? What is the dividend yield for Extra Space Storage?

Extra Space Storage announced a quarterly dividend on Monday, August 26th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.90 per share on Monday, September 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, September 13th. View Extra Space Storage's Dividend History.

How will Extra Space Storage's stock buyback program work?

Extra Space Storage declared that its board has authorized a share repurchase program on Tuesday, November 14th 2017, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage, Inc. (NYSE:EXR) posted its earnings results on Tuesday, October, 30th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.19 by $0.17. The real estate investment trust earned $266.70 million during the quarter, compared to analysts' expectations of $266.81 million. Extra Space Storage had a net margin of 37.12% and a return on equity of 16.71%. Extra Space Storage's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 earnings per share. View Extra Space Storage's Earnings History.

When is Extra Space Storage's next earnings date?

Extra Space Storage is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Extra Space Storage.

What guidance has Extra Space Storage issued on next quarter's earnings?

Extra Space Storage updated its FY19 earnings guidance on Tuesday, July, 30th. The company provided earnings per share (EPS) guidance of $4.79-4.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.84.

What price target have analysts set for EXR?

8 brokerages have issued 1 year price targets for Extra Space Storage's shares. Their forecasts range from $94.00 to $131.00. On average, they anticipate Extra Space Storage's stock price to reach $114.1814 in the next year. This suggests that the stock has a possible downside of 1.6%. View Analyst Price Targets for Extra Space Storage.

What is the consensus analysts' recommendation for Extra Space Storage?

8 Wall Street 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Extra Space Storage.

Has Extra Space Storage been receiving favorable news coverage?

Media stories about EXR stock have trended somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Extra Space Storage earned a news impact score of -1.3 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Extra Space Storage.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a drop in short interest in August. As of August 31st, there was short interest totalling 4,663,400 shares, a drop of 7.5% from the July 31st total of 5,039,200 shares. Based on an average daily trading volume, of 783,400 shares, the short-interest ratio is presently 6.0 days. Approximately 3.7% of the company's shares are short sold. View Extra Space Storage's Current Options Chain.

Who are some of Extra Space Storage's key 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), Cisco Systems (CSCO), Public Storage (PSA), Mcdonald's (MCD), AT&T (T), Intel (INTC), QUALCOMM (QCOM), Hanesbrands (HBI), Procter & Gamble (PG) and Simon Property Group (SPG).

Who are Extra Space Storage's key executives?

Extra Space Storage's management team includes the folowing 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)

Who are Extra Space Storage's major shareholders?

Extra Space Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.27%), BlackRock Inc. (10.98%), BlackRock Inc. (10.98%), Cohen & Steers Inc. (8.34%), Daiwa Securities Group Inc. (2.93%) and Invesco Ltd. (1.79%). Company insiders that own Extra Space Storage stock include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. 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 Invesco Ltd., APG Asset Management N.V., UBS Group AG, Janus Henderson Group PLC, Janus Henderson Group PLC, NN Investment Partners Holdings N.V., Heitman Real Estate Securities LLC and Caisse DE Depot ET Placement DU Quebec. 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 for Extra Space Storage.

Which major investors are buying Extra Space Storage stock?

EXR stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Cohen & Steers Inc., BlackRock Inc., BlackRock Inc., APG Asset Management US Inc., Daiwa Securities Group Inc., California Public Employees Retirement System and Centersquare Investment Management LLC. View Insider Buying and Selling 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 $115.98.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $14.91 billion and generates $1.20 billion in revenue each year. The real estate investment trust earns $415.29 million in net income (profit) each year or $4.67 on an earnings per share basis. Extra Space Storage employs 3,624 workers across the globe.View Additional Information About Extra Space Storage.

What is Extra Space Storage's official website?

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

How can I contact Extra Space Storage?

Extra Space Storage's mailing address is 2795 COTTONWOOD PARKWAY SUITE 400, SALT LAKE CITY UT, 84121. The real estate investment trust can be reached via phone at 801-365-4600.


MarketBeat Community Rating for Extra Space Storage (NYSE EXR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  386 (Vote Outperform)
Underperform Votes:  469 (Vote Underperform)
Total Votes:  855
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.
This page was last updated on 9/22/2019 by MarketBeat.com Staff

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