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, 2018, the Company owned and/or operated 1,606 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.1 million units and approximately 122 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:EXR
Previous Symbol
CUSIP30225T10
Phone801-562-5556
Debt
Debt-to-Equity Ratio1.72
Current Ratio0.53
Quick Ratio0.53
Price-To-Earnings
Trailing P/E Ratio22.45
Forward P/E Ratio21.19
P/E Growth3.89
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales11.26
Cash Flow$5.3458 per share
Price / Cash Flow18.39
Book Value$21.62 per share
Price / Book4.55
Profitability
EPS (Most Recent Fiscal Year)$4.38
Net Income$479.01 million
Net Margins47.29%
Return on Equity20.11%
Return on Assets7.22%
Miscellaneous
Employees3,380
Outstanding Shares126,510,000
Market Cap$12.49 billion
OptionableOptionable
Extra Space Storage (NYSE:EXR) Frequently Asked Questions
What is Extra Space Storage's stock symbol?
Extra Space Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXR."
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 Wednesday, November 14th. Shareholders of record on Friday, December 14th will be given a dividend of $0.86 per share on Monday, December 31st. This represents a $3.44 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 13th. View Extra Space Storage's Dividend History.
How will Extra Space Storage's stock buyback program work?
Extra Space Storage declared that its board has approved a share buyback program on Tuesday, November 14th 2017, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
How were Extra Space Storage's earnings last quarter?
Extra Space Storage, Inc. (NYSE:EXR) released 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 the consensus estimate of $266.81 million. Extra Space Storage had a return on equity of 20.11% and a net margin of 47.29%. Extra Space Storage's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 EPS. View Extra Space Storage's Earnings History.
When is Extra Space Storage's next earnings date?
What guidance has Extra Space Storage issued on next quarter's earnings?
Extra Space Storage issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $4.62-4.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.64.
What price target have analysts set for EXR?
10 equities research analysts have issued twelve-month price targets for Extra Space Storage's stock. Their forecasts range from $83.00 to $110.00. On average, they anticipate Extra Space Storage's share price to reach $95.00 in the next twelve months. This suggests that the stock has a possible downside of 3.4%. View Analyst Price Targets for Extra Space Storage.
What is the consensus analysts' recommendation for Extra Space Storage?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Extra Space Storage.
Has Extra Space Storage been receiving favorable news coverage?
News coverage about EXR stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public 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 1.1 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
Who are some of Extra Space Storage's key competitors?
Some companies that are related to Extra Space Storage include CROWN CASTLE In/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Boston Properties (BXP), Realty Income (O), SBA Communications (SBAC), Weyerhaeuser (WY), Essex Property Trust (ESS) and HCP (HCP).
Who are Extra Space Storage's key executives?
Extra Space Storage's management team includes the folowing people:
- Mr. Joseph D. Margolis J.D., CEO & Director (Age 57)
- Mr. P. Scott Stubbs, Exec. VP & CFO (Age 50)
- Mr. Samrat Sondhi, Exec. VP & COO (Age 43)
- Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 49)
- Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 51)
Who are Extra Space Storage's major shareholders?
Extra Space Storage's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.22%), BlackRock Inc. (10.20%), Cohen & Steers Inc. (6.30%), Capital Research Global Investors (3.00%), FMR LLC (2.54%) and Daiwa Securities Group Inc. (2.03%). Company insiders that own Extra Space Storage stock include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Institutional Ownership Trends for Extra Space Storage.
Which major investors are selling Extra Space Storage stock?
EXR stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., FMR LLC, Pictet Asset Management Ltd., Daiwa Securities Group Inc., Deutsche Bank AG, American Century Companies Inc., NN Investment Partners Holdings N.V. and Bank of Montreal Can. Company insiders that have sold Extra Space Storage company stock in the last year include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs and Samrat Sondhi. View Insider Buying and Selling for Extra Space Storage.
Which major investors are buying Extra Space Storage stock?
EXR stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Barings LLC, Nordea Investment Management AB, Renaissance Technologies LLC, Unigestion Holding SA, Massachusetts Financial Services Co. MA, Prudential Financial Inc. and Canada Pension Plan Investment Board. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Extra Space Storage's stock price today?
One share of EXR stock can currently be purchased for approximately $98.31.
How big of a company is Extra Space Storage?
Extra Space Storage has a market capitalization of $12.49 billion and generates $1.11 billion in revenue each year. The real estate investment trust earns $479.01 million in net income (profit) each year or $4.38 on an earnings per share basis. Extra Space Storage employs 3,380 workers across the globe.
What is Extra Space Storage's official website?
How can I contact Extra Space Storage?
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 801-562-5556.
MarketBeat Community Rating for Extra Space Storage (NYSE EXR)
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.
