Extra Space Storage Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Extra Space Storage stock.
View analyst ratings for Extra Space Storage or view top-rated stocks.

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Extra Space Storage is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Extra Space Storage.

Extra Space Storage Inc. (NYSE:EXR) posted its quarterly earnings data on Sunday, February, 21st. The real estate investment trust reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.35 by $0.16. The real estate investment trust earned $301.10 million during the quarter, compared to the consensus estimate of $293.09 million. Extra Space Storage had a net margin of 34.54% and a trailing twelve-month return on equity of 16.54%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share.
View Extra Space Storage's earnings history.

Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EXR shares have increased by 20.4% and is now trading at $125.70.
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Extra Space Storage announced a quarterly dividend on Thursday, February 18th. Investors of record on Monday, March 15th will be paid a dividend of $1.00 per share on Wednesday, March 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, March 12th. This is a positive change from Extra Space Storage's previous quarterly dividend of $0.90.
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Extra Space Storage pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.86%. Extra Space Storage does not yet have a strock track record of dividend growth. The dividend payout ratio of Extra Space Storage is 73.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Extra Space Storage will have a dividend payout ratio of 66.06% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend.
View Extra Space Storage's dividend history.

Extra Space Storage updated its FY21 earnings guidance on Monday, February, 22nd. The company provided EPS guidance of $5.85-$6.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.48.

12 analysts have issued 12-month price targets for Extra Space Storage's stock. Their forecasts range from $100.00 to $135.00. On average, they anticipate Extra Space Storage's stock price to reach $116.67 in the next year. This suggests that the stock has a possible downside of 7.2%.
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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.

Some companies that are related to Extra Space Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA), PotlatchDeltic (PCH) and EPR Properties (EPR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Extra Space Storage investors own include The 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).

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

Extra Space Storage's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.40%), Principal Financial Group Inc. (2.67%), Principal Financial Group Inc. (2.67%), PGGM Investments (2.28%), Daiwa Securities Group Inc. (2.14%) and Dimensional Fund Advisors LP (1.47%). 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, Spencer Kirk and William N Springer.
View institutional ownership trends for Extra Space Storage.

EXR stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Renaissance Technologies LLC, Adelante Capital Management LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, Morgan Stanley, Sumitomo Mitsui Trust Holdings Inc., and JPMorgan Chase & Co.. 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, Spencer Kirk, and William N Springer.
View insider buying and selling activity for Extra Space Storage or view top insider-selling stocks.

EXR stock was bought by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Wells Fargo & Company MN, Daiwa Securities Group Inc., Healthcare of Ontario Pension Plan Trust Fund, BlackRock Inc., Cibc World Markets Corp, Principal Financial Group Inc., and Principal Financial Group Inc..
View insider buying and selling activity for Extra Space Storage or or view top insider-buying stocks.

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.
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One share of EXR stock can currently be purchased for approximately $125.70.

Extra Space Storage has a market capitalization of $16.51 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.

The official website for Extra Space Storage is www.extraspace.com.

Extra Space Storage is headquartered at 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121.

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.