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

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$92.33 +0.19 (+0.21 %)
(As of 01/21/2019 06:26 AM ET)
Previous Close$92.14
Today's Range$91.66 - $92.42
52-Week Range$77.53 - $101.96
Volume549,597 shs
Average Volume637,638 shs
Market Capitalization$11.68 billion
P/E Ratio21.08
Dividend Yield3.73%
Beta0.22
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, 2018, the Company owned and/or operated 1,606 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.1 million units and approximately 122 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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP30225T10
Phone801-562-5556

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.11 billion
Cash Flow$5.3680 per share
Book Value$21.62 per share

Profitability

Net Income$479.01 million

Miscellaneous

Employees3,380
Market Cap$11.68 billion
OptionableOptionable

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 Wednesday, November 14th. Investors of record on Friday, December 14th will be paid a dividend of $0.86 per share on Monday, December 31st. This represents a $3.44 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, December 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 of Directors has authorized a share buyback plan on Tuesday, November 14th 2017, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage, Inc. (NYSE:EXR) announced its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by $0.17. The real estate investment trust had revenue of $266.70 million for the quarter, compared to analysts' expectations of $266.81 million. Extra Space Storage had a net margin of 47.29% and a return on equity of 20.11%. Extra Space Storage's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 EPS. 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, February 19th 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 FY18 earnings guidance on Tuesday, October, 30th. The company provided EPS guidance of $4.62-4.66 for the period, compared to the Thomson Reuters consensus estimate of $4.64.

What price target have analysts set for EXR?

10 analysts have issued 1 year target prices for Extra Space Storage's shares. Their predictions range from $83.00 to $110.00. On average, they anticipate Extra Space Storage's stock price to reach $95.00 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for Extra Space Storage.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 7 hold ratings and 3 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 coverage about EXR stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Extra Space Storage earned a news impact score of -1.4 on InfoTrie's scale. They also assigned media coverage 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 effect on the company's share price in the near future.

Who are some of Extra Space Storage's key competitors?

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 57)
  • Mr. P. Scott Stubbs, Exec. VP & CFO (Age 50)
  • Mr. Samrat Sondhi, Exec. VP & COO (Age 43)
  • Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 49)
  • Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 51)

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 USS Investment Management Ltd (0.23%), Gateway Investment Advisers LLC (0.18%), Gradient Investments LLC (0.08%), Timbercreek Investment Management Inc. (0.07%), State of Alaska Department of Revenue (0.05%) and Gulf International Bank UK Ltd (0.03%). Company insiders that own Extra Space Storage stock include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, 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 Boston Advisors LLC, Timbercreek Investment Management Inc., USS Investment Management Ltd, Gulf International Bank UK Ltd, Ferguson Wellman Capital Management Inc., Louisiana State Employees Retirement System, State of Alaska Department of Revenue and Oakbrook Investments LLC. Company insiders that have sold Extra Space Storage company stock in the last year include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs and Samrat Sondhi. View Insider Buying and Selling for Extra Space Storage.

Which institutional investors are buying Extra Space Storage stock?

EXR stock was acquired by a variety of institutional investors in the last quarter, including Gradient Investments LLC, Gateway Investment Advisers LLC, Fox Run Management L.L.C., DNB Asset Management AS, Nisa Investment Advisors LLC and Spirit of America Management Corp NY. 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, Scottrade, Fidelity and Charles Schwab.

What is Extra Space Storage's stock price today?

One share of EXR stock can currently be purchased for approximately $92.33.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $11.68 billion and generates $1.11 billion in revenue each year. The real estate investment trust earns $479.01 million in net income (profit) each year or $4.38 on an earnings per share basis. Extra Space Storage employs 3,380 workers across the globe.

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 801-562-5556.


MarketBeat Community Rating for Extra Space Storage (NYSE EXR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  350 (Vote Outperform)
Underperform Votes:  419 (Vote Underperform)
Total Votes:  769
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 1/21/2019 by MarketBeat.com Staff

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