Extra Space Storage - EXR Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Extra Space Storage stock.
View analyst ratings for Extra Space Storage or view top-rated stocks.

11 equities research analysts have issued 1-year price objectives for Extra Space Storage's stock. Their EXR stock forecasts range from $156.00 to $237.00. On average, they expect Extra Space Storage's stock price to reach $199.30 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Extra Space Storage or view top-rated stocks among Wall Street analysts.

Extra Space Storage's stock was trading at $226.73 at the beginning of the year. Since then, EXR shares have decreased by 13.0% and is now trading at $197.22.
View the best growth stocks for 2022 here.

Extra Space Storage is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our earnings forecast for Extra Space Storage.

Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 51.63% and a trailing twelve-month return on equity of 24.31%. The company's revenue for the quarter was up 25.1% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS.
Read Extra Space Storage's conference call transcript.

Extra Space Storage declared a quarterly dividend on Thursday, May 26th. Shareholders of record on Wednesday, June 15th will be given a dividend of $1.50 per share on Thursday, June 30th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, June 14th.
View Extra Space Storage's dividend history.

Extra Space Storage(NYSE:EXR) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.04%. Extra Space Storage has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Extra Space Storage is 90.36%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Extra Space Storage will have a dividend payout ratio of 67.72% next year. This indicates that Extra Space Storage will be able to sustain or increase its dividend.
View Extra Space Storage's dividend history.

Extra Space Storage issued an update on its FY22 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $8.30-8.50 for the period, compared to the consensus estimate of $8.26.

556 employees have rated Extra Space Storage CEO Joe Margolis on Glassdoor.com. Joe Margolis has an approval rating of 84% among Extra Space Storage's employees.

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).

Extra Space Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXR."

Extra Space Storage's stock is owned by many different retail and institutional investors. Top institutional investors include Ceredex Value Advisors LLC (0.51%), Aew Capital Management L P (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Russell Investments Group Ltd. (0.33%), Los Angeles Capital Management LLC (0.28%) and Robeco Institutional Asset Management B.V. (0.27%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, 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 for 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of EXR stock can currently be purchased for approximately $197.22.

Extra Space Storage (NYSE:EXR) has a market capitalization of $26.48 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.

Extra Space Storage employs 4,309 workers across the globe.

Extra Space Storage was founded in 1977.

Extra Space Storage's mailing address is 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121. The official website for Extra Space Storage 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.