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 declared a quarterly dividend on Monday, August 26th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.90 per share on Monday, September 30th. This represents a $3.60 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, September 13th. View Extra Space Storage's Dividend History.

Extra Space Storage announced that its Board of Directors has initiated a share buyback plan on Tuesday, November 14th 2017, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Extra Space Storage, Inc. (NYSE:EXR) posted its quarterly earnings data 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 analyst estimates of $266.81 million. Extra Space Storage had a return on equity of 16.71% and a net margin of 37.12%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. 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 issued an update on its FY19 earnings guidance on Tuesday, July, 30th. The company provided EPS guidance of $4.79-4.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.84.

8 brokers have issued twelve-month price targets for Extra Space Storage's shares. Their forecasts range from $94.00 to $131.00. On average, they anticipate Extra Space Storage's share price to reach $114.1814 in the next twelve months. This suggests that the stock has a possible downside of 2.7%. View Analyst Price Targets for Extra Space Storage.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 2 sell ratings, 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 headlines about EXR stock have trended negative on Thursday, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. 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 coverage optimism score of -2.9 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Extra Space Storage.

Extra Space Storage saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 4,663,400 shares, a drop of 7.5% from the July 31st total of 5,039,200 shares. Based on an average trading volume of 783,400 shares, the days-to-cover ratio is presently 6.0 days. Approximately 3.7% of the shares of the company are short sold. 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), Simon Property Group (SPG), Equinix (EQIX), Public Storage (PSA), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), SBA Communications (SBAC), Ventas (VTR), DIGITAL RLTY TR/SH (DLR), Realty Income (O), Essex Property Trust (ESS), Weyerhaeuser (WY) and Boston Properties (BXP).

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), Intel (INTC), QUALCOMM (QCOM), Hanesbrands (HBI), Procter & Gamble (PG) and Simon Property Group (SPG).

Extra Space Storage's stock is owned by a number of of retail and institutional 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 acquired 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, Robinhood, Fidelity and Charles Schwab.

One share of EXR stock can currently be purchased for approximately $117.31.

Extra Space Storage has a market capitalization of $15.08 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.