NYSE:EXR - Extra Space Storage Stock Price, Price Target & More

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$95.12 +0.73 (+0.77 %)
(As of 07/20/2018 01:00 AM ET)
Previous Close$94.39
Today's Range$93.82 - $95.54
52-Week Range$74.44 - $101.96
Volume739,800 shs
Average Volume1.04 million shs
Market Capitalization$11.94 billion
P/E Ratio21.71
Dividend Yield3.63%
Beta0.22
Extra Space Storage logoExtra 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 March 31, 2018, the Company owned and/or operated 1,523 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1,050,000 units and approximately 115 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

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:EXR
CUSIP30225T10
Phone801-562-5556

Debt

Debt-to-Equity Ratio1.66
Current Ratio0.50
Quick Ratio0.50

Price-To-Earnings

Trailing P/E Ratio21.71
Forward P/E Ratio20.59
P/E Growth4.08

Sales & Book Value

Annual Sales$1.11 billion
Price / Sales10.86
Cash Flow$5.3923 per share
Price / Cash17.64
Book Value$21.62 per share
Price / Book4.40

Profitability

EPS (Most Recent Fiscal Year)$4.38
Net Income$479.01 million
Net Margins44.28%
Return on Equity18.85%
Return on Assets6.87%

Miscellaneous

Employees3,380
Outstanding Shares126,110,000
Market Cap$11,940.03

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 Thursday, May 24th. Investors of record on Friday, June 15th will be given a dividend of $0.86 per share on Friday, June 29th. This represents a $3.44 annualized dividend and a yield of 3.62%. The ex-dividend date is Thursday, June 14th. This is a boost from Extra Space Storage's previous quarterly dividend of $0.78. View Extra Space Storage's Dividend History.

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

Extra Space Storage announced that its Board of Directors has authorized a share 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 purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage, Inc. (NYSE:EXR) posted its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.39. The real estate investment trust had revenue of $247.88 million for the quarter, compared to the consensus estimate of $248.26 million. Extra Space Storage had a return on equity of 18.85% and a net margin of 44.28%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $1.03 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, 31st 2018. View Earnings Estimates for Extra Space Storage.

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

Extra Space Storage updated its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $4.57-$4.66 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.60. Extra Space Storage also updated its Q2 guidance to $1.12-$1.14 EPS.

What price target have analysts set for EXR?

13 brokers have issued 12-month target prices for Extra Space Storage's stock. Their predictions range from $80.00 to $110.00. On average, they anticipate Extra Space Storage's stock price to reach $91.50 in the next year. This suggests that the stock has a possible downside of 3.8%. View Analyst Ratings for Extra Space Storage.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Extra Space Storage's key competitors?

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 57)
  • Mr. P. Scott Stubbs, Exec. VP & CFO (Age 50)
  • Mr. Samrat Sondhi, Exec. VP & COO (Age 43)
  • Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 49)
  • Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 51)

Has Extra Space Storage been receiving favorable news coverage?

News stories about EXR stock have trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Extra Space Storage earned a coverage optimism score of 0.18 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 46.16 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are Extra Space Storage's major shareholders?

Extra Space Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BLACKROCK INC. (10.00%), NN Investment Partners Holdings N.V. (0.53%), Bank of Montreal Can (0.27%), Westpac Banking Corp (0.21%), Boston Advisors LLC (0.21%) and Gateway Investment Advisers LLC (0.15%). Company insiders that own Extra Space Storage stock include Dennis J Letham, Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Institutional Ownership Trends for Extra Space Storage.

Which institutional investors are selling Extra Space Storage stock?

EXR stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Fisher Asset Management LLC, Manning & Napier Group LLC, State of Alaska Department of Revenue, Westpac Banking Corp, Hartford Investment Management Co., Meag Munich Ergo Kapitalanlagegesellschaft MBH and Fox Run Management L.L.C.. Company insiders that have sold Extra Space Storage company stock in the last year include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Insider Buying and Selling for Extra Space Storage.

Which institutional investors are buying Extra Space Storage stock?

EXR stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Boston Advisors LLC, Atria Investments LLC, Carderock Capital Management Inc., Xact Kapitalforvaltning AB, IFM Investors Pty Ltd, Amalgamated Bank and DnB Asset Management AS. 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 $95.12.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $11.94 billion and generates $1.11 billion in revenue each year. The real estate investment trust earns $479.01 million in net income (profit) each year or $4.38 on an earnings per share basis. Extra Space Storage employs 3,380 workers across the globe.

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 801-562-5556.


MarketBeat Community Rating for Extra Space Storage (NYSE EXR)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  317 (Vote Outperform)
Underperform Votes:  380 (Vote Underperform)
Total Votes:  697
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 7/20/2018 by MarketBeat.com Staff

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