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

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

Extra Space Storage announced a quarterly dividend on Friday, May 24th. Investors of record on Friday, June 14th will be given a dividend of $0.90 per share on Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, June 13th. This is a positive change from Extra Space Storage's previous quarterly dividend of $0.86. View Extra Space Storage's Dividend History.

Extra Space Storage announced that its board has approved a share repurchase program 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. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Extra Space Storage, Inc. (NYSE:EXR) posted its quarterly earnings results on Tuesday, October, 30th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.19 by $0.17. The real estate investment trust had revenue of $266.70 million for the quarter, compared to the consensus estimate of $266.81 million. Extra Space Storage had a return on equity of 16.71% and a net margin of 37.12%. The firm's revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $1.13 earnings per share. View Extra Space Storage's Earnings History.

Extra Space Storage is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Extra Space Storage.

Extra Space Storage updated its FY19 earnings guidance on Tuesday, July, 30th. The company provided earnings per share (EPS) guidance of $4.79-4.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.84.

7 equities research analysts have issued 1-year price objectives for Extra Space Storage's shares. Their forecasts range from $92.00 to $131.00. On average, they anticipate Extra Space Storage's share price to reach $111.2117 in the next twelve months. This suggests that the stock has a possible downside of 8.1%. View Analyst Price Targets for Extra Space Storage.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Extra Space Storage.

News coverage about EXR stock has been trending positive on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Extra Space Storage earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the near term. View News Stories for Extra Space Storage.

Extra Space Storage saw a decrease in short interest during the month of July. As of July 15th, there was short interest totalling 4,836,000 shares, a decrease of 6.5% from the June 15th total of 5,170,700 shares. Based on an average daily volume of 823,600 shares, the days-to-cover ratio is currently 5.9 days. Approximately 3.9% of the shares of the company are sold short. View Extra Space Storage's Current Options Chain.

Some companies that are related to Extra Space Storage include CROWN CASTLE IN/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Simon Property Group (SPG), Equinix (EQIX), Welltower (WELL), Equity Residential (EQR), SBA Communications (SBAC), AvalonBay Communities (AVB), Ventas (VTR), DIGITAL RLTY TR/SH (DLR), Realty Income (O), Essex Property Trust (ESS), Boston Properties (BXP) and Weyerhaeuser (WY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Extra Space Storage investors own include Home Depot (HD), Cisco Systems (CSCO), Public Storage (PSA), Mcdonald's (MCD), AT&T (T), NVIDIA (NVDA), Hanesbrands (HBI), Intel (INTC), QUALCOMM (QCOM) and Honeywell International (HON).

Extra Space Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.27%), BlackRock Inc. (10.98%), BlackRock Inc. (10.98%), Cohen & Steers Inc. (8.34%), Daiwa Securities Group Inc. (2.93%) and Invesco Ltd. (1.79%). Company insiders that own Extra Space Storage stock include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Institutional Ownership Trends for Extra Space Storage.

EXR stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., APG Asset Management N.V., UBS Group AG, Janus Henderson Group PLC, Janus Henderson Group PLC, NN Investment Partners Holdings N.V., Heitman Real Estate Securities LLC and Caisse DE Depot ET Placement DU Quebec. Company insiders that have sold Extra Space Storage company stock in the last year include Grace Kunde, James Overturf, Joseph D Margolis, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Insider Buying and Selling for Extra Space Storage.

EXR stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Cohen & Steers Inc., BlackRock Inc., BlackRock Inc., APG Asset Management US Inc., Daiwa Securities Group Inc., California Public Employees Retirement System and Centersquare Investment Management LLC. View Insider Buying and Selling for 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.

One share of EXR stock can currently be purchased for approximately $121.00.

Extra Space Storage has a market capitalization of $15.55 billion and generates $1.20 billion in revenue each year. The real estate investment trust earns $415.29 million in net income (profit) each year or $4.67 on an earnings per share basis. Extra Space Storage employs 3,624 workers across the globe.View Additional Information About Extra Space Storage.

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

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 801-365-4600.