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Extra Space Storage - EXR Stock Forecast, Price & News

$154.79
-2.80 (-1.78%)
(As of 01/30/2023 11:59 AM ET)
Add
Compare
Today's Range
$154.77
$158.28
50-Day Range
$141.04
$160.69
52-Week Range
$139.97
$222.35
Volume
287,683 shs
Average Volume
909,731 shs
Market Capitalization
$20.73 billion
P/E Ratio
22.47
Dividend Yield
3.81%
Price Target
$170.33

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
9.8% Upside
$170.33 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.51mentions of Extra Space Storage in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.80%
From $8.43 to $8.75 Per Share

Overall MarketRank

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

2.62 out of 5 stars

Finance Sector

220th out of 891 stocks

Real Estate Investment Trusts Industry

43rd out of 191 stocks


EXR stock logo

About Extra Space Storage (NYSE:EXR) Stock

Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores. The company was founded by Kenneth Musser Woolley on April 30, 2004, and is headquartered in Salt Lake City, UT.

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EXR Stock News Headlines

Extra Space Storage Inc. (EXR)
Invest in Brooklyn Gin: Hot craft spirits opportunity
Get in on an award winning company in the fast growing craft spirits marketpixel
Is Now A Good Time To Buy Shares In Extra Space Storage?
Invest in Brooklyn Gin: Hot craft spirits opportunity
Get in on an award winning company in the fast growing craft spirits marketpixel
Extra Space Stock Hits New 52-Week High (EXR)
Extra Space Storage: Need For Space
EXR Extra Space Storage Inc.
A Self Storage REIT that Packs Potential
CubeSmart Is A Bargain Near Its 52-Week Low
Self-Storage REITs Are Poised To Profit
3 Remarkable Potential Bargains In Storage REITs
See More Headlines
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EXR Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 12/30 Dividend
12/13/2022
Dividend Payable
12/30/2022
Today
1/30/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

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
$170.33
High Stock Price Forecast
$197.00
Low Stock Price Forecast
$145.00
Forecasted Upside/Downside
+10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$827.65 million
Pretax Margin
54.48%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$8.29 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
131,886,000
Market Cap
$20.73 billion
Optionable
Optionable
Beta
0.51

Social Links


Key Executives

  • Joseph D. MargolisJoseph D. Margolis
    Chief Executive Officer & Director
  • Matthew HerringtonMatthew Herrington
    Chief Operating Officer & Executive Vice President
  • P. Scott StubbsP. Scott Stubbs
    Chief Financial Officer & Executive Vice President
  • Zachary Dickens
    Chief Investment Officer & Executive VP
  • Gwyn G. McNeal
    Secretary, Chief Legal Officer & Executive VP













EXR Stock - Frequently Asked Questions

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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 3 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?

10 equities research analysts have issued 1 year price objectives for Extra Space Storage's shares. Their EXR share price forecasts range from $145.00 to $197.00. On average, they expect the company's share price to reach $170.33 in the next year. This suggests a possible upside of 8.1% 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 2023?

Extra Space Storage's stock was trading at $147.18 at the start of the year. Since then, EXR shares have increased by 7.1% and is now trading at $157.59.
View the best growth stocks for 2023 here
.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a decrease in short interest in December. As of December 30th, there was short interest totaling 4,010,000 shares, a decrease of 15.8% from the December 15th total of 4,760,000 shares. Based on an average trading volume of 988,600 shares, the short-interest ratio is currently 4.1 days. Approximately 3.0% of the company's shares are sold short.
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, February 22nd 2023.
View our EXR earnings forecast
.

How can I listen to Extra Space Storage's earnings call?

Extra Space Storage will be holding an earnings conference call on Thursday, February 23rd at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) issued its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 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 24.07% and a net margin of 50.97%. The firm's revenue was up 25.1% on a year-over-year basis. During the same period last year, the company earned $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 declared a quarterly dividend on Monday, November 21st. Investors of record on Wednesday, December 14th will be paid 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 3.81%. The ex-dividend date of this dividend 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 3.81%. The company has been increasing its dividend for 13 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 68.57% 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 updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $8.30-$8.40 for the period, compared to the consensus 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 variety of retail and institutional investors. Top institutional investors include Ceredex Value Advisors LLC (0.70%), Strs Ohio (0.14%), Gradient Investments LLC (0.13%), New York State Teachers Retirement System (0.12%), Allspring Global Investments Holdings LLC (0.07%) and State of Alaska Department of Revenue (0.06%). 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 $157.59.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $21.10 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 1/30/2023 by MarketBeat.com Staff