Extra Space Storage - EXR Stock Forecast, Price & News

8 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, 1 hold rating and 5 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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8 brokerages have issued 1-year target prices for Extra Space Storage's stock. Their EXR share price forecasts range from $150.00 to $230.00. On average, they anticipate the company's stock price to reach $197.89 in the next twelve months. This suggests a possible upside of 29.7% from the stock's current price.
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Extra Space Storage's stock was trading at $226.73 at the start of the year. Since then, EXR shares have decreased by 32.7% and is now trading at $152.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Extra Space Storage Inc. (NYSE:EXR) posted its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share for the quarter, missing the consensus estimate 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 50.97% and a trailing twelve-month return on equity of 24.07%. The business's revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS.
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Extra Space Storage announced a quarterly dividend on Monday, November 21st. Stockholders 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 yield of 3.93%. The ex-dividend date 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 3.86%. The company has been increasing its dividend for 12 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 66.52% 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 issued an update on 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 EPS 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.68%), BlackRock Inc. (10.30%), State Street Corp (6.59%), Cohen & Steers Inc. (4.12%), Massachusetts Financial Services Co. MA (2.72%) and Pictet Asset Management SA (1.56%). 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 $152.55.

Extra Space Storage (NYSE:EXR) has a market capitalization of $20.43 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.