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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:EXR

Extra Space Storage Stock Forecast, Price & News

$125.70
-3.83 (-2.96 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$125.56
Now: $125.70
$130.60
50-Day Range
$110.28
MA: $116.09
$129.53
52-Week Range
$72.70
Now: $125.70
$131.59
Volume1.14 million shs
Average Volume817,063 shs
Market Capitalization$16.51 billion
P/E Ratio37.30
Dividend Yield2.86%
Beta0.17
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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 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.
Extra Space Storage logo

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP30225T10
Phone801-365-4600
Employees4,048
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.31 billion
Cash Flow$5.93 per share
Book Value$22.56 per share

Profitability

Net Income$419.97 million

Miscellaneous

Market Cap$16.51 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.88 out of 5 stars

Finance Sector

311th out of 1,944 stocks

Real Estate Investment Trusts Industry

68th out of 273 stocks

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$125.70
-3.83 (-2.96 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Extra Space Storage (NYSE:EXR) Frequently Asked Questions

Is Extra Space Storage a buy right now?

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.

What stocks does MarketBeat like better than Extra Space Storage?

Wall Street analysts have given Extra Space Storage a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Extra Space Storage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Extra Space Storage's next earnings date?

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
.

How were Extra Space Storage's earnings last quarter?

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
.

How has Extra Space Storage's stock been impacted by Coronavirus (COVID-19)?

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.
View which stocks have been most impacted by COVID-19
.

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 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.
View Extra Space Storage's dividend history
.

Is Extra Space Storage a good dividend stock?

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.

What guidance has Extra Space Storage issued on next quarter's earnings?

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.

What price target have analysts set for EXR?

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%.
View analysts' price targets for Extra Space Storage
or view top-rated stocks among Wall Street analysts.

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 60, Pay $2.32M)
  • Mr. P. Scott Stubbs, Exec. VP & CFO (Age 53, Pay $1.1M)
  • Mr. Gwyn Goodson McNeal, Exec. VP & Chief Legal Officer (Age 52, Pay $843.37k)
  • Mr. Samrat Sondhi, Exec. VP & Chief Marketing Officer (Age 46, Pay $856.26k)
  • Mr. Matthew T. Herrington, Exec. VP & COO
  • Mr. Zachary Dickens, Exec. VP & Chief Investment Officer
  • Ms. Grace Kunde, Sr. VP of Accounting & Fin. and Corp. Controller (Age 46)
  • Mr. Jeffrey Norman, VP of Investor Relations & Corp. Communications
  • Mr. Timothy Arthurs, Sr. VP of Operations (Age 62)
  • Mr. Noah Springer, Exec. VP & Chief Strategy and Partnership Officer

What is Joe Margolis' approval rating as Extra Space Storage's CEO?

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.

Who are some of Extra Space Storage's key 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 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).

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 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
.

Which institutional investors are selling Extra Space Storage stock?

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.

Which institutional investors are buying Extra Space Storage stock?

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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Extra Space Storage's stock price today?

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

How much money does Extra Space Storage make?

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.

How many employees does Extra Space Storage have?

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.

Where are Extra Space Storage's headquarters?

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

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 3/1/2021 by MarketBeat.com Staff

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