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NYSE:EXR

Extra Space Storage - EXR Stock Forecast, Price & News

$212.90
-0.89 (-0.42%)
(As of 08/16/2022 12:49 PM ET)
Add
Compare
Today's Range
$211.41
$214.08
50-Day Range
$158.74
$213.79
52-Week Range
$156.70
$228.84
Volume
5,872 shs
Average Volume
588,418 shs
Market Capitalization
$28.51 billion
P/E Ratio
32.06
Dividend Yield
2.83%
Price Target
$199.30

Extra Space Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
5.3% Downside
$201.80 Price Target
Short Interest
Bearish
2.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.31mentions of Extra Space Storage in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.48%
From $8.40 to $8.86 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Finance Sector

416th out of 924 stocks

Real Estate Investment Trusts Industry

77th out of 197 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.

Extra Space Storage Stock Up 0.8 %

Shares of NYSE:EXR traded up $1.72 on Monday, hitting $213.68. The company had a trading volume of 16,466 shares, compared to its average volume of 698,366. Extra Space Storage has a 12-month low of $156.70 and a 12-month high of $228.84. The business has a 50 day moving average of $176.66 and a two-hundred day moving average of $188.16. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $28.61 billion, a P/E ratio of 31.92, a PEG ratio of 3.07 and a beta of 0.50.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, June 14th. Extra Space Storage's dividend payout ratio is currently 90.36%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley cut their price target on Extra Space Storage from $172.00 to $156.00 and set an "underweight" rating for the company in a report on Wednesday, May 25th. Evercore ISI set a $198.00 price target on Extra Space Storage in a research report on Monday, June 20th. KeyCorp lowered their price target on Extra Space Storage from $224.00 to $200.00 and set an "overweight" rating for the company in a research report on Thursday, June 16th. StockNews.com downgraded Extra Space Storage from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Jefferies Financial Group lowered their price target on Extra Space Storage from $228.00 to $184.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $199.30.

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EXR Stock News Headlines

EXR Crosses Above 3% Yield Territory
Extra Space Storage (NYSE:EXR) Lifted to "Buy" at StockNews.com
Extra Space Storage (EXR) Set to Announce Earnings on Tuesday
See More Headlines
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EXR Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
8/16/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

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
$201.80
High Stock Price Forecast
$237.00
Low Stock Price Forecast
$156.00
Forecasted Upside/Downside
-6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$827.65 million
Pretax Margin
55.09%

Debt

Sales & Book Value

Annual Sales
$1.58 billion
Cash Flow
$8.48 per share
Book Value
$28.28 per share

Miscellaneous

Free Float
131,877,000
Market Cap
$28.51 billion
Optionable
Optionable
Beta
0.50

Social Links















EXR Stock - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EXR shares.
View EXR analyst ratings
or view top-rated stocks.

What is Extra Space Storage's stock price forecast for 2022?

10 brokerages have issued 12-month price objectives for Extra Space Storage's stock. Their EXR share price forecasts range from $156.00 to $237.00. On average, they predict the company's stock price to reach $201.80 in the next twelve months. This suggests that the stock has a possible downside of 5.6%.
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 on January 1st, 2022. Since then, EXR stock has decreased by 5.7% and is now trading at $213.79.
View the best growth stocks for 2022 here
.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,900,000 shares, an increase of 12.0% from the July 15th total of 2,590,000 shares. Based on an average daily trading volume, of 663,200 shares, the short-interest ratio is currently 4.4 days. Approximately 2.2% 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, October 26th 2022.
View our EXR earnings forecast
.

How were Extra Space Storage's earnings last quarter?

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 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 net margin of 51.63% and a trailing twelve-month return on equity of 24.31%. The firm's quarterly revenue was up 25.1% on a year-over-year basis. During the same period in the prior 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 declared a quarterly dividend on Thursday, May 26th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $1.50 per share on Thursday, June 30th. This represents a $6.00 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, June 14th.
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 2.83%. The company 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 is 90.36%. 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 67.72% 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, August, 9th. The company provided EPS guidance of $8.30-$8.50 for the period. 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 retail and institutional investors. Top institutional shareholders include State Street Corp (6.69%), Principal Financial Group Inc. (3.83%), Massachusetts Financial Services Co. MA (2.72%), FMR LLC (1.95%), Pictet Asset Management SA (1.44%) and Northern Trust Corp (1.39%). Insiders that own company 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
.

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 $213.79.

How much money does Extra Space Storage make?

Extra Space Storage (NYSE:EXR) has a market capitalization of $28.63 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.

How many employees does Extra Space Storage have?

The company employs 4,309 workers across the globe.

When was Extra Space Storage founded?

Extra Space Storage was founded in 1977.

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 8/16/2022 by MarketBeat.com Staff

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