NYSE:EXR Extra Space Storage Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Extra Space Storage, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $110.00 -1.21 (-1.09 %) (As of 09/18/2020 10:09 AM ET) Add Compare Share Today's Range$109.82Now: $110.00▼$110.8850-Day Range$100.86MA: $106.03▼$112.2952-Week Range$72.70Now: $110.00▼$118.25Volume1,033 shsAverage Volume1.04 million shsMarket Capitalization$14.20 billionP/E Ratio33.13Dividend Yield3.21%Beta0.22 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 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.Read More Beat the Market (BTM) Rank™ 2.0 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 4 buy ratings, 5 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $100.60, Extra Space Storage has a forecasted downside of 9.5% from its current price of $111.21.Amount of Analyst CoverageExtra Space Storage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesExtra Space Storage has received 437 “outperform” votes. (Add your “outperform” vote.)Underperform VotesExtra Space Storage has received 520 “underperform” votes. (Add your “underperform” vote.)Community SentimentExtra Space Storage has received 54.34% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldExtra Space Storage pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthExtra Space Storage has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 73.77%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Extra Space Storage will have a dividend payout ratio of 73.92% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Extra Space Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,710,137.00 in company stock.Percentage Held by InsidersOnly 2.64% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions98.88% of the stock of Extra Space Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 0.21% in the coming year, from $4.86 to $4.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 33.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 33.50, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.59.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 17.47. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioExtra Space Storage has a P/B Ratio of 4.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.69 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:EXR Previous Symbol CUSIP30225T10 CIK1289490 Webwww.extraspace.com Phone801-365-4600Debt Debt-to-Equity Ratio1.85 Current Ratio0.47 Quick Ratio0.47Price-To-Earnings Trailing P/E Ratio33.13 Forward P/E Ratio22.63 P/E Growth17.47 Sales & Book Value Annual Sales$1.31 billion Price / Sales10.85 Cash Flow$5.22 per share Price / Cash Flow21.08 Book Value$22.56 per share Price / Book4.88Profitability EPS (Most Recent Fiscal Year)$4.88 Net Income$419.97 million Net Margins34.79% Return on Equity16.34% Return on Assets5.47%Miscellaneous Employees4,048 Outstanding Shares129,070,000Market Cap$14.20 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $110.00 -1.21 (-1.09 %) (As of 09/18/2020 10:09 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive EXR News and Ratings via Email Sign-up to receive the latest news and ratings for EXR and its competitors with MarketBeat's FREE daily newsletter. Extra Space Storage (NYSE:EXR) Frequently Asked Questions How has Extra Space Storage's stock been impacted by Coronavirus? Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EXR shares have increased by 6.5% and is now trading at $111.21. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Extra Space Storage? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 3 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Extra Space Storage. When is Extra Space Storage's next earnings date? Extra Space Storage is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Extra Space Storage. How were Extra Space Storage's earnings last quarter? Extra Space Storage, Inc. (NYSE:EXR) posted its quarterly earnings data on Tuesday, August, 4th. The real estate investment trust reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.07. The real estate investment trust earned $279.31 million during the quarter, compared to analysts' expectations of $279.08 million. Extra Space Storage had a return on equity of 16.34% and a net margin of 34.79%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 earnings per share. View Extra Space Storage's earnings history. 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 Friday, August 21st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.90 per share on Wednesday, September 30th. This represents a $3.60 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Monday, September 14th. View Extra Space Storage's dividend history. What price target have analysts set for EXR? 12 equities research analysts have issued 1-year price targets for Extra Space Storage's shares. Their forecasts range from $82.00 to $119.00. On average, they anticipate Extra Space Storage's stock price to reach $100.60 in the next twelve months. This suggests that the stock has a possible downside of 9.5%. View analysts' price targets for Extra Space Storage. Are investors shorting Extra Space Storage? Extra Space Storage saw a decline in short interest in June. As of June 30th, there was short interest totaling 5,350,000 shares, a decline of 12.7% from the June 15th total of 6,130,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 4.3% of the company's shares are sold short. View Extra Space Storage's Short Interest. Who are some of Extra Space Storage's key competitors? Some companies that are related to Extra Space Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and National Health Investors (NHI). View all competitors. 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), Honeywell International (HON), Mcdonald's (MCD), Public Storage (PSA), Verizon Communications (VZ) and Johnson & Johnson (JNJ). Who are Extra Space Storage's key executives? Extra Space Storage's management team includes the following people: Mr. Joseph D. Margolis J.D., CEO & Director (Age 58)Mr. P. Scott Stubbs, Exec. VP & CFO (Age 51)Mr. Samrat Sondhi, Exec. VP & COO (Age 44)Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 50)Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 52) 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.05%), PGGM Investments (3.15%), APG Asset Management US Inc. (2.73%), Principal Financial Group Inc. (2.63%), FMR LLC (2.46%) and APG Asset Management N.V. (1.76%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, 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 Charles Schwab Investment Management Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Cbre Clarion Securities LLC, Nuveen Asset Management LLC, Bank of Montreal Can, Russell Investments Group Ltd., and Principal Financial Group Inc.. Company insiders that have sold Extra Space Storage company stock in the last year include Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi, and Spencer Kirk. View insider buying and selling activity 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 Aew Capital Management L P, Goldman Sachs Group Inc., TD Asset Management Inc., Nordea Investment Management AB, Canada Pension Plan Investment Board, Bank of America Corp DE, Waterfront Capital Partners LLC, and NN Investment Partners Holdings N.V.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Extra Space Storage's stock price today? One share of EXR stock can currently be purchased for approximately $111.21. How big of a company is Extra Space Storage? Extra Space Storage has a market capitalization of $14.35 billion and generates $1.31 billion in revenue each year. The real estate investment trust earns $419.97 million in net income (profit) each year or $4.88 on an earnings per share basis. Extra Space Storage employs 4,048 workers across the globe. What is Extra Space Storage's official website? The official website for Extra Space Storage is www.extraspace.com. 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 real estate investment trust can be reached via phone at 801-365-4600. This page was last updated on 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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