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

$121.71
+1.09 (+0.90 %)
(As of 08/19/2019 04:00 PM ET)
Today's Range
$120.35
Now: $121.71
$122.03
50-Day Range
$105.30
MA: $112.00
$121.13
52-Week Range
$83.70
Now: $121.71
$121.36
Volume41,547 shs
Average Volume748,231 shs
Market Capitalization$15.64 billion
P/E Ratio26.06
Dividend Yield2.98%
Beta0.22
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, DC and Puerto Rico. The Company's stores comprise approximately 1.2 million units and approximately 125.7 million square feet of rentable space. Read More…

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$5.3382 per share
Book Value$22.01 per share

Profitability

Net Income$415.29 million

Miscellaneous

Employees3,624
Market Cap$15.64 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

Receive EXR News and Ratings via Email

Sign-up to receive the latest news and ratings for EXR and its competitors with MarketBeat's FREE daily newsletter.


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 Friday, May 24th. Investors of record on Friday, June 14th will be given a dividend of $0.90 per share on Friday, June 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Thursday, June 13th. This is an increase 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 announced that its board has initiated a stock buyback program on Tuesday, November 14th 2017, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage, Inc. (NYSE:EXR) released its earnings results on Tuesday, October, 30th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by $0.17. The real estate investment trust earned $266.70 million during the quarter, compared to the consensus estimate of $266.81 million. Extra Space Storage had a return on equity of 16.71% and a net margin of 37.12%. Extra Space Storage's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 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, October 29th 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, July, 30th. The company provided earnings per share (EPS) guidance of $4.79-4.87 for the period, compared to the Thomson Reuters consensus estimate of $4.84.

What price target have analysts set for EXR?

4 analysts have issued 12 month price targets for Extra Space Storage's stock. Their forecasts range from $92.00 to $99.27. On average, they expect Extra Space Storage's share price to reach $95.09 in the next year. This suggests that the stock has a possible downside of 21.9%. View Analyst Price Targets for Extra Space Storage.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating and 3 hold 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?

Media stories about EXR stock have trended negative recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. 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 media sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Extra Space Storage.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a decline in short interest during the month of July. As of July 15th, there was short interest totalling 4,836,000 shares, a decline of 6.5% from the June 15th total of 5,170,700 shares. Based on an average daily trading volume, of 823,600 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.9% of the company's stock are short sold. View Extra Space Storage's Current Options Chain.

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), Cisco Systems (CSCO), Public Storage (PSA), Mcdonald's (MCD), AT&T (T), Hanesbrands (HBI), Intel (INTC), NVIDIA (NVDA), Honeywell International (HON) and Kinder Morgan (KMI).

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 shareholders include Vanguard Group Inc. (16.27%), BlackRock Inc. (10.98%), Cohen & Steers Inc. (8.34%), Daiwa Securities Group Inc. (2.93%), Invesco Ltd. (1.79%) and APG Asset Management US Inc. (1.61%). 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 Invesco Ltd., APG Asset Management N.V., UBS Group AG, Janus Henderson Group PLC, Janus Henderson Group PLC, NN Investment Partners Holdings N.V., Heitman Real Estate Securities LLC and Caisse DE Depot ET Placement DU Quebec. 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 acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Cohen & Steers Inc., BlackRock Inc., APG Asset Management US Inc., Daiwa Securities Group Inc., California Public Employees Retirement System, Centersquare Investment Management LLC and Bank of Montreal Can. 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 $121.69.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $15.64 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.View Additional Information About Extra Space Storage.

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:  380 (Vote Outperform)
Underperform Votes:  462 (Vote Underperform)
Total Votes:  842
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 8/19/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel