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

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$106.98 +0.29 (+0.27 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$106.98
Today's Range$106.74 - $107.83
52-Week Range$83.70 - $108.20
Volume750,788 shs
Average Volume862,135 shs
Market Capitalization$13.64 billion
P/E Ratio22.91
Dividend Yield3.22%
Beta0.3
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 December 31, 2018, the Company owned and/or operated 1,647 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP30225T10
Phone801-365-4600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.20 billion
Cash Flow$5.3224 per share
Book Value$21.76 per share

Profitability

Net Income$415.29 million

Miscellaneous

Employees3,624
Market Cap$13.64 billion
Next Earnings Date7/30/2019 (Estimated)
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 declared a quarterly dividend on Friday, May 24th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.90 per share on Friday, June 28th. This represents a $3.60 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend 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.

How will Extra Space Storage's stock buyback program work?

Extra Space Storage declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 14th 2017, which authorizes the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage, Inc. (NYSE:EXR) issued its earnings results on Tuesday, April, 30th. The real estate investment trust reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.02. The real estate investment trust earned $271 million during the quarter, compared to analyst estimates of $266.01 million. Extra Space Storage had a net margin of 37.12% and a return on equity of 16.56%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. View Extra Space Storage's Earnings History.

When is Extra Space Storage's next earnings date?

Extra Space Storage is scheduled to release their next quarterly earnings announcement on Tuesday, July 30th 2019. View Earnings Estimates for Extra Space Storage.

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

Extra Space Storage updated its FY19 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of $4.76 to $4.85 for the period, compared to the Thomson Reuters consensus estimate of $4.81.

What price target have analysts set for EXR?

11 brokerages have issued twelve-month target prices for Extra Space Storage's shares. Their forecasts range from $83.00 to $110.00. On average, they anticipate Extra Space Storage's share price to reach $96.5856 in the next year. This suggests that the stock has a possible downside of 9.7%. View Analyst Price Targets for Extra Space Storage.

What is the consensus analysts' recommendation for Extra Space Storage?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating, 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 articles about EXR stock have been trending positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Extra Space Storage earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.

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 Home Depot (HD), Mcdonald's (MCD), Cisco Systems (CSCO), Honeywell International (HON), NVIDIA (NVDA), Alibaba Group (BABA), Public Storage (PSA), QUALCOMM (QCOM), Starbucks (SBUX) and Johnson & Johnson (JNJ).

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 58)
  • Mr. P. Scott Stubbs, Exec. VP & CFO (Age 51)
  • Mr. Samrat Sondhi, Exec. VP & COO (Age 44)
  • Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 50)
  • Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 52)

Who are Extra Space Storage's major shareholders?

Extra Space Storage's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.45%), Principal Financial Group Inc. (3.13%), Daiwa Securities Group Inc. (2.66%), FMR LLC (2.00%), Geode Capital Management LLC (1.71%) and Cbre Clarion Securities LLC (1.66%). 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.

Which major investors are selling Extra Space Storage stock?

EXR stock was sold by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Barings LLC, Pictet Asset Management Ltd., Goldman Sachs Group Inc., Centersquare Investment Management LLC, Centersquare Investment Management LLC, Los Angeles Capital Management & Equity Research Inc. and Duff & Phelps Investment Management Co.. 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.

Which major investors are buying Extra Space Storage stock?

EXR stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Daiwa Securities Group Inc., Morgan Stanley, Principal Financial Group Inc., Voya Investment Management LLC, Geode Capital Management LLC, Caisse DE Depot ET Placement DU Quebec and FMR LLC. 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 $106.98.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $13.64 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.

What is Extra Space Storage's official website?

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

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 801-365-4600.


MarketBeat Community Rating for Extra Space Storage (NYSE EXR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  452 (Vote Underperform)
Total Votes:  822
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.
This page was last updated on 5/25/2019 by MarketBeat.com Staff

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