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 Price Performance
EXR Stock traded up $4.51 during midday trading on Friday, hitting $211.96. 696,726 shares of the stock were exchanged, compared to its average volume of 573,761. The stock's 50-day moving average price is $176.66 and its 200-day moving average price is $188.17. The stock has a market cap of $28.38 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 3.01 and a beta of 0.50. Extra Space Storage has a fifty-two week low of $156.70 and a fifty-two week high of $228.84. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.41.
Extra Space Storage Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $6.00 annualized dividend and a yield of 2.83%. Extra Space Storage's dividend payout ratio is presently 90.36%.
Analyst Ratings Changes
A number of analysts have weighed in on EXR shares. Truist Financial decreased their price objective on Extra Space Storage from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, June 1st. UBS Group reduced their price target on Extra Space Storage from $234.00 to $197.00 and set a "buy" rating for the company in a report on Monday, July 25th. JPMorgan Chase & Co. raised Extra Space Storage from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $224.00 to $193.00 in a report on Wednesday, June 22nd. StockNews.com cut Extra Space Storage from a "buy" rating to a "hold" rating in a report on Thursday. Finally, KeyCorp reduced their price target on Extra Space Storage from $224.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $199.30.