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S&P 500   3,783.28
DOW   30,273.87
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5 Tips I Wish I Knew Before Starting My Business
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Live Updates: Russia-Ukraine War
Too Soon: 3 Reasons to Wait on DocuSign Stock
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)pixel
OPEC+ makes big oil cut to boost prices; pump costs may rise
WTO predicts trade growth to slow next year amid crises
The Safest Option in Trades! (Ad)pixel
Stocks slump as Wall Street’s big rally fades, yields rise
Rite-Aid Sings a Familiar Tune That Investors Don’t Want to Hear
S&P 500   3,783.28
DOW   30,273.87
QQQ   281.98
5 Tips I Wish I Knew Before Starting My Business
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Live Updates: Russia-Ukraine War
Too Soon: 3 Reasons to Wait on DocuSign Stock
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)pixel
OPEC+ makes big oil cut to boost prices; pump costs may rise
WTO predicts trade growth to slow next year amid crises
The Safest Option in Trades! (Ad)pixel
Stocks slump as Wall Street’s big rally fades, yields rise
Rite-Aid Sings a Familiar Tune That Investors Don’t Want to Hear
S&P 500   3,783.28
DOW   30,273.87
QQQ   281.98
5 Tips I Wish I Knew Before Starting My Business
New Battery Tech to “Eat Lithium’s Lunch”? (Ad)
Live Updates: Russia-Ukraine War
Too Soon: 3 Reasons to Wait on DocuSign Stock
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)pixel
OPEC+ makes big oil cut to boost prices; pump costs may rise
WTO predicts trade growth to slow next year amid crises
The Safest Option in Trades! (Ad)pixel
Stocks slump as Wall Street’s big rally fades, yields rise
Rite-Aid Sings a Familiar Tune That Investors Don’t Want to Hear
NYSE:EXR

Extra Space Storage - EXR Stock Forecast, Price & News

$178.11
-1.36 (-0.76%)
(As of 10/5/2022 12:00 AM ET)
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Compare
Today's Range
$173.31
$178.79
50-Day Range
$166.97
$215.05
52-Week Range
$156.70
$228.84
Volume
961,801 shs
Average Volume
945,726 shs
Market Capitalization
$23.85 billion
P/E Ratio
26.82
Dividend Yield
3.34%
Price Target
$205.18

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
15.2% Upside
$205.18 Price Target
Short Interest
Bearish
2.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
1.35mentions of Extra Space Storage in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.01%
From $8.49 to $9.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Finance Sector

301st out of 887 stocks

Real Estate Investment Trusts Industry

74th out of 194 stocks

EXR stock logo

About Extra Space Storage (NYSE:EXR) Stock

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.

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EXR Stock News Headlines

6 Analysts Have This to Say About Extra Space Storage
Extra Space Storage (NYSE: EXR)
First Week of EXR October 21st Options Trading
Top Stocks to Buy for Dividends and Economic Resilience
2 Industrial REITs to Consider Buying Right Now
EXR Crosses Above 3% Yield Territory
See More Headlines
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EXR Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Today
10/06/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
30225T10
Employees
4,309
Year Founded
1977

Price Target and Rating

Average Stock Price Forecast
$205.18
High Stock Price Forecast
$237.00
Low Stock Price Forecast
$156.00
Forecasted Upside/Downside
+15.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$827.65 million
Pretax Margin
55.09%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$8.38 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
131,877,000
Market Cap
$23.85 billion
Optionable
Optionable
Beta
0.54

Social Links


Key Executives

  • Mr. Joseph Daniel Margolis J.D. (Age 61)
    CEO & Director
    Comp: $3.04M
  • Mr. P. Scott StubbsMr. P. Scott Stubbs (Age 54)
    Exec. VP & CFO
    Comp: $1.29M
  • Mr. Matthew T. HerringtonMr. Matthew T. Herrington (Age 41)
    Exec. VP & COO
    Comp: $719.01k
  • Ms. Gwyn Goodson McNealMs. Gwyn Goodson McNeal (Age 53)
    Exec. VP & Chief Legal Officer
    Comp: $997.51k
  • Mr. Samrat  SondhiMr. Samrat Sondhi (Age 47)
    Exec. VP & Chief Marketing Officer
    Comp: $1.07M
  • Mr. Zachary Dickens (Age 47)
    Exec. VP & Chief Investment Officer
  • Ms. Grace  KundeMs. Grace Kunde (Age 47)
    Sr. VP of Accounting & Fin. and Corp. Controller
  • Mr. Timothy Arthurs (Age 63)
    Sr. VP of Operations
  • Mr. Jeffrey Norman
    Sr. VP of Capital Markets
  • Mr. Noah Springer (Age 43)
    Exec. VP and Chief Strategy & Partnership Officer













EXR Stock - Frequently Asked Questions

Should I buy or sell Extra Space Storage stock right now?

10 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, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EXR shares.
View EXR analyst ratings
or view top-rated stocks.

What is Extra Space Storage's stock price forecast for 2022?

10 Wall Street analysts have issued 12-month price targets for Extra Space Storage's stock. Their EXR share price forecasts range from $156.00 to $237.00. On average, they anticipate the company's share price to reach $205.18 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for EXR
or view top-rated stocks among Wall Street analysts.

How have EXR shares performed in 2022?

Extra Space Storage's stock was trading at $226.73 on January 1st, 2022. Since then, EXR stock has decreased by 21.4% and is now trading at $178.11.
View the best growth stocks for 2022 here
.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,100,000 shares, an increase of 8.0% from the August 31st total of 2,870,000 shares. Based on an average trading volume of 636,800 shares, the days-to-cover ratio is currently 4.9 days. Approximately 2.4% of the shares of the stock are short sold.
View Extra Space Storage's Short Interest
.

When is Extra Space Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our EXR earnings forecast
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) released its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by $0.35. The real estate investment trust earned $379.81 million during the quarter, compared to analyst estimates of $368.88 million. Extra Space Storage had a trailing twelve-month return on equity of 24.31% and a net margin of 51.63%. The firm's quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 earnings per share.
Read the conference call transcript
.

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 Friday, August 19th. Investors of record on Thursday, September 15th will be paid a dividend of $1.50 per share on Friday, September 30th. This represents a $6.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for EXR
.

Is Extra Space Storage a good dividend stock?

Extra Space Storage (NYSE:EXR) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.34%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EXR will have a dividend payout ratio of 65.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXR.

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

Extra Space Storage issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $8.30-$8.50 for the period. The company issued revenue guidance of -.

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

556 employees have rated Extra Space Storage Chief Executive Officer Joe Margolis on Glassdoor.com. Joe Margolis has an approval rating of 84% among the company's employees.

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), 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."

How do I buy shares of Extra Space Storage?

Shares of EXR stock 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 $178.11.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $23.85 billion and generates $1.58 billion in revenue each year. The real estate investment trust earns $827.65 million in net income (profit) each year or $6.64 on an earnings per share basis.

How many employees does Extra Space Storage have?

The company employs 4,309 workers across the globe.

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 official website for the company is www.extraspace.com. The real estate investment trust can be reached via phone at (801) 365-4600, via email at investorrelations@extraspace.com, or via fax at 801-365-4801.

This page (NYSE:EXR) was last updated on 10/6/2022 by MarketBeat.com Staff

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