S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:EXR

Extra Space Storage - EXR Stock Forecast, Price & News

$197.22
+1.97 (+1.01%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$192.50
$197.57
50-Day Range
$158.74
$197.22
52-Week Range
$156.70
$228.84
Volume
567,108 shs
Average Volume
506,923 shs
Market Capitalization
$26.48 billion
P/E Ratio
29.70
Dividend Yield
3.04%
Price Target
$199.30

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
1.1% Upside
$199.30 Price Target
Short Interest
Healthy
1.96% 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 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.48%
From $8.40 to $8.86 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Finance Sector

272nd out of 1,176 stocks

Real Estate Investment Trusts Industry

62nd out of 215 stocks

EXR stock logo

About Extra Space Storage (NYSE:EXR) Stock

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%.

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EXR Stock News Headlines

Extra Space Storage (NYSE:EXR) Lifted to "Buy" at StockNews.com
Extra Space Storage (EXR) Set to Announce Earnings on Tuesday
See More Headlines
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EXR Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
8/07/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
30225T10
Employees
4,309
Year Founded
1977

Price Target and Rating

Average Stock Price Forecast
$199.30
High Stock Price Forecast
$237.00
Low Stock Price Forecast
$156.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$827.65 million
Pretax Margin
55.09%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$8.44 per share
Book Value
$28.99 per share

Miscellaneous

Free Float
132,239,000
Market Cap
$26.48 billion
Optionable
Optionable
Beta
0.50

Social Links















EXR Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Extra Space Storage stock.
View analyst ratings for Extra Space Storage
or view top-rated stocks.

What is Extra Space Storage's stock price forecast for 2022?

11 equities research analysts have issued 1-year price objectives for Extra Space Storage's stock. Their EXR stock forecasts range from $156.00 to $237.00. On average, they expect Extra Space Storage's stock price to reach $199.30 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Extra Space Storage
or view top-rated stocks among Wall Street analysts.

How has Extra Space Storage's stock price performed in 2022?

Extra Space Storage's stock was trading at $226.73 at the beginning of the year. Since then, EXR shares have decreased by 13.0% and is now trading at $197.22.
View the best growth stocks for 2022 here
.

When is Extra Space Storage's next earnings date?

Extra Space Storage is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our earnings forecast for Extra Space Storage
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by $0.35. The real estate investment trust had revenue of $379.81 million for the quarter, compared to analysts' expectations of $368.88 million. Extra Space Storage had a net margin of 51.63% and a trailing twelve-month return on equity of 24.31%. The company's revenue for the quarter was up 25.1% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS.
Read Extra Space Storage's conference call transcript
.

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 Thursday, May 26th. Shareholders of record on Wednesday, June 15th will be given a dividend of $1.50 per share on Thursday, June 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, June 14th.
View Extra Space Storage's dividend history
.

Is Extra Space Storage a good dividend stock?

Extra Space Storage(NYSE:EXR) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.04%. Extra Space Storage 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 of Extra Space Storage is 90.36%. 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 67.72% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend.
View Extra Space Storage's dividend history.

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

Extra Space Storage issued an update on its FY22 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $8.30-8.50 for the period, compared to the consensus estimate of $8.26.

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

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.

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 many different retail and institutional investors. Top institutional investors include Ceredex Value Advisors LLC (0.51%), Aew Capital Management L P (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Russell Investments Group Ltd. (0.33%), Los Angeles Capital Management LLC (0.28%) and Robeco Institutional Asset Management B.V. (0.27%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, 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 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 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 $197.22.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $26.48 billion and generates $1.58 billion in revenue each year. The real estate investment trust earns $827.65 million in net income (profit) each year or $6.64 on an earnings per share basis.

How many employees does Extra Space Storage have?

Extra Space Storage employs 4,309 workers across the globe.

When was Extra Space Storage founded?

Extra Space Storage was founded in 1977.

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 Extra Space Storage 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 8/7/2022 by MarketBeat.com Staff

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