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NYSE:EXR

Extra Space Storage - EXR Stock Forecast, Price & News

$152.88
+0.33 (+0.22%)
(As of 11/29/2022 09:57 AM ET)
Add
Compare
Today's Range
$152.55
$154.03
50-Day Range
$151.63
$179.47
52-Week Range
$149.78
$228.84
Volume
1,959 shs
Average Volume
1.10 million shs
Market Capitalization
$20.47 billion
P/E Ratio
22.19
Dividend Yield
3.86%
Price Target
$197.89

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
29.7% Upside
$197.89 Price Target
Short Interest
Healthy
2.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.03mentions of Extra Space Storage in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.25%
From $8.41 to $9.02 Per Share

Overall MarketRank

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

3.01 out of 5 stars

Finance Sector

82nd out of 907 stocks

Real Estate Investment Trusts Industry

17th out of 193 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

The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo?
Communist China has the USA in a resource stranglehold. They have a monopoly on this CRITICAL metal that we desperately need for military technology. In fact, both Trump AND Biden passed executive orders that addressed this crisis. And it could have a massive effect on smart investor's bank accounts.
Self-Storage REITs Are Poised To Profit
3 Remarkable Potential Bargains In Storage REITs
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo?
Communist China has the USA in a resource stranglehold. They have a monopoly on this CRITICAL metal that we desperately need for military technology. In fact, both Trump AND Biden passed executive orders that addressed this crisis. And it could have a massive effect on smart investor's bank accounts.
Extra Space Storage Inc. Q3 Profit Climbs, Beats estimates
Extra Space Storage Becomes Oversold
What 6 Analyst Ratings Have To Say About Extra Space Storage
6 Analysts Have This to Say About Extra Space Storage
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
11/29/2022
Ex-Dividend for 12/30 Dividend
12/13/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/22/2023

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
$197.89
High Stock Price Forecast
$230.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+29.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$827.65 million
Pretax Margin
54.48%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$8.30 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
131,886,000
Market Cap
$20.47 billion
Optionable
Optionable
Beta
0.52

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?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 2 sell ratings, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXR, but not buy additional shares or sell existing shares.
View EXR analyst ratings
or view top-rated stocks.

What is Extra Space Storage's stock price forecast for 2023?

8 brokerages have issued 1-year target prices for Extra Space Storage's stock. Their EXR share price forecasts range from $150.00 to $230.00. On average, they anticipate the company's stock price to reach $197.89 in the next twelve months. This suggests a possible upside of 29.7% 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 at the start of the year. Since then, EXR shares have decreased by 32.7% and is now trading at $152.55.
View the best growth stocks for 2022 here
.

When is Extra Space Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our EXR earnings forecast
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) posted its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.86 by $0.35. The real estate investment trust had revenue of $379.81 million for the quarter, compared to analysts' expectations of $368.88 million. Extra Space Storage had a net margin of 50.97% and a trailing twelve-month return on equity of 24.07%. The business's revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS.
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 Monday, November 21st. Stockholders of record on Wednesday, December 14th will be given a dividend of $1.50 per share on Friday, December 30th. This represents a $6.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Tuesday, December 13th.
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 3.86%. 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 87.08%. 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 66.52% 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, November, 8th. The company provided EPS guidance of $8.30-$8.40 for the period, compared to the consensus EPS estimate of $8.49. 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), 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.68%), BlackRock Inc. (10.30%), State Street Corp (6.59%), Cohen & Steers Inc. (4.12%), Massachusetts Financial Services Co. MA (2.72%) and Pictet Asset Management SA (1.56%). Insiders that own company stock include Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Joseph D Margolis, Kenneth M Woolley, Matthew T Herrington, P Scott Stubbs, Samrat Sondhi, Spencer Kirk and William N Springer.
View institutional ownership trends
.

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 $152.55.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $20.43 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 $6.89 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 11/29/2022 by MarketBeat.com Staff