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Extra Space Storage - EXR Stock Forecast, Price & News

$156.25
-2.41 (-1.52%)
(As of 03/22/2023 11:59 AM ET)
Add
Compare
Today's Range
$154.88
$157.95
50-Day Range
$150.00
$169.11
52-Week Range
$139.97
$222.35
Volume
185,366 shs
Average Volume
1.04 million shs
Market Capitalization
$21.09 billion
P/E Ratio
24.38
Dividend Yield
4.15%
Price Target
$170.89

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
10.2% Upside
$170.89 Price Target
Short Interest
Bearish
3.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.03mentions of Extra Space Storage in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.37 M Sold Last Quarter
Proj. Earnings Growth
5.04%
From $8.53 to $8.96 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Finance Sector

593rd out of 872 stocks

Real Estate Investment Trusts Industry

140th out of 192 stocks


EXR stock logo

About Extra Space Storage (NYSE:EXR) Stock

Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores. The company was founded by Kenneth Musser Woolley on April 30, 2004, and is headquartered in Salt Lake City, UT.

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EXR Stock News Headlines

Extra Space Storage (EXR) Receives a Sell from Morgan Stanley
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Analysts Set Extra Space Storage Inc. (NYSE:EXR) PT at $170.89
Why I'm Buying More Extra Space Storage
Q4 2022 Extra Space Storage Inc Earnings Call
Extra Space Storage Inc. Profit Drops In Q4, but beats estimates
Earnings Outlook For Extra Space Storage
Extra Space Storage Inc. (EXR)
See More Headlines
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EXR Company Calendar

Ex-Dividend for 12/30 Dividend
12/13/2022
Dividend Payable
12/30/2022
Last Earnings
2/22/2023
Ex-Dividend for 3/31 Dividend
3/14/2023
Today
3/22/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
30225T10
Employees
4,781
Year Founded
1977

Price Target and Rating

Average Stock Price Forecast
$170.89
High Stock Price Forecast
$197.00
Low Stock Price Forecast
$145.00
Forecasted Upside/Downside
+7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$860.69 million
Pretax Margin
48.96%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Cash Flow
$9.05 per share
Book Value
$30.45 per share

Miscellaneous

Free Float
132,933,000
Market Cap
$21.42 billion
Optionable
Optionable
Beta
0.54

Social Links


Key Executives

  • Joseph D. MargolisJoseph D. Margolis
    Chief Executive Officer & Director
  • Matthew HerringtonMatthew Herrington
    Chief Operating Officer & Executive Vice President
  • P. Scott StubbsP. Scott Stubbs
    Chief Financial Officer & Executive Vice President
  • Zachary Dickens
    Chief Investment Officer & Executive VP
  • Gwyn G. McNeal
    Secretary, Chief Legal Officer & Executive VP













EXR Stock - Frequently Asked Questions

Should I buy or sell Extra Space Storage stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 2 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EXR shares. 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 EXR analyst ratings
or view top-rated stocks.

What is Extra Space Storage's stock price forecast for 2023?

10 analysts have issued 12 month target prices for Extra Space Storage's stock. Their EXR share price forecasts range from $145.00 to $197.00. On average, they expect the company's share price to reach $170.89 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for EXR
or view top-rated stocks among Wall Street analysts.

How have EXR shares performed in 2023?

Extra Space Storage's stock was trading at $147.18 at the start of the year. Since then, EXR shares have increased by 7.8% and is now trading at $158.66.
View the best growth stocks for 2023 here
.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a increase in short interest in February. As of February 28th, there was short interest totaling 4,730,000 shares, an increase of 5.3% from the February 13th total of 4,490,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 3.6% of the company's stock are sold short.
View Extra Space Storage's Short Interest
.

When is Extra Space Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our EXR earnings forecast
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) released its quarterly earnings data on Wednesday, February, 22nd. The real estate investment trust reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $2.08 by $0.56. The real estate investment trust had revenue of $506.70 million for the quarter, compared to analyst estimates of $433.39 million. Extra Space Storage had a trailing twelve-month return on equity of 22.01% and a net margin of 45.52%. Extra Space Storage's revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 earnings per share.
Read the conference call transcript
.

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 Thursday, February 16th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $1.62 per share on Friday, March 31st. This represents a $6.48 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $1.50.
Read our dividend analysis for EXR
.

Is Extra Space Storage a good dividend stock?

Extra Space Storage (NYSE:EXR) pays an annual dividend of $6.48 per share and currently has a dividend yield of 4.06%. EXR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 101.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EXR will have a dividend payout ratio of 72.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXR.

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

Extra Space Storage issued an update on its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share guidance of $8.30-$8.60 for the period, compared to the consensus estimate of $8.68. The company issued revenue guidance of -.

What is Joe Margolis' approval rating as Extra Space Storage's CEO?

556 employees have rated Extra Space Storage Chief Executive Officer Joe Margolis on Glassdoor.com. Joe Margolis has an approval rating of 84% among the company's employees.

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), Intel (INTC), AT&T (T), NVIDIA (NVDA), Johnson & Johnson (JNJ), McDonald's (MCD), QUALCOMM (QCOM), Honeywell International (HON) and Verizon Communications (VZ).

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 shareholders include Principal Financial Group Inc. (3.50%), Geode Capital Management LLC (2.34%), Norges Bank (1.93%), Dimensional Fund Advisors LP (1.40%), Legal & General Group Plc (1.20%) and Daiwa Securities Group Inc. (1.08%). Insiders that own company stock include Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Joseph D Margolis, Kenneth M Woolley, Matthew T Herrington, P Scott Stubbs, Samrat Sondhi, Spencer Kirk and William N Springer.
View institutional ownership trends
.

How do I buy shares of Extra Space Storage?

Shares of EXR stock 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.
Compare Top Brokerages Here.

What is Extra Space Storage's stock price today?

One share of EXR stock can currently be purchased for approximately $158.66.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $21.42 billion and generates $1.92 billion in revenue each year. The real estate investment trust earns $860.69 million in net income (profit) each year or $6.41 on an earnings per share basis.

How many employees does Extra Space Storage have?

The company employs 4,781 workers across the globe.

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 official website for the company is www.extraspace.com. The real estate investment trust can be reached via phone at (801) 365-4600, via email at investorrelations@extraspace.com, or via fax at 801-365-4801.

This page (NYSE:EXR) was last updated on 3/22/2023 by MarketBeat.com Staff