Extra Space Storage - EXR Stock Forecast, Price & News

10 Wall Street equities 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 equities 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.
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10 Wall Street 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 anticipate the company's share price to reach $170.33 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
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Extra Space Storage's stock was trading at $147.18 at the beginning of 2023. Since then, EXR shares have increased by 7.1% and is now trading at $157.59.
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Extra Space Storage saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 4,010,000 shares, a decrease of 15.8% from the December 15th total of 4,760,000 shares. Based on an average daily volume of 988,600 shares, the short-interest ratio is presently 4.1 days. Approximately 3.0% of the shares of the company are sold short.
View Extra Space Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Extra Space Storage will be holding an earnings conference call on Thursday, February 23rd at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 EPS for the quarter, missing the consensus estimate of $1.86 by $0.35. The real estate investment trust earned $379.81 million during the quarter, compared to analyst estimates of $368.88 million. Extra Space Storage had a trailing twelve-month return on equity of 24.07% and a net margin of 50.97%. The business's revenue was up 25.1% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS.
Read the conference call transcript.

Extra Space Storage declared a quarterly dividend on Monday, November 21st. Investors of record on Wednesday, December 14th will be given a dividend of $1.50 per share on Friday, December 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Tuesday, December 13th.
Read our dividend analysis for EXR.

Extra Space Storage (NYSE:EXR) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.84%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 87.08%. 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 68.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXR.

Extra Space Storage updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $8.30-$8.40 for the period, compared to the consensus estimate of $8.49. The company issued revenue guidance of -.

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.

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), Verizon Communications (VZ).

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

Extra Space Storage's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ceredex Value Advisors LLC (0.70%), Strs Ohio (0.14%), Gradient Investments LLC (0.13%), New York State Teachers Retirement System (0.12%), Allspring Global Investments Holdings LLC (0.07%) and State of Alaska Department of Revenue (0.06%). 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.
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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.
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One share of EXR stock can currently be purchased for approximately $157.59.

Extra Space Storage (NYSE:EXR) has a market capitalization of $21.10 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 $6.89 on an earnings per share basis.

The company employs 4,309 workers across the globe.

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.