Extra Space Storage Stock Forecast, Price & News

13 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, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Extra Space Storage stock.
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Wall Street analysts have given Extra Space Storage a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Extra Space Storage wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Extra Space Storage is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Extra Space Storage.

Extra Space Storage Inc. (NYSE:EXR) posted its quarterly earnings results on Tuesday, July, 27th. The real estate investment trust reported $1.25 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.56 by $0.31. The real estate investment trust had revenue of $378.60 million for the quarter, compared to analysts' expectations of $318.63 million. Extra Space Storage had a trailing twelve-month return on equity of 21.51% and a net margin of 46.33%. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share.
View Extra Space Storage's earnings history.

Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EXR shares have increased by 67.9% and is now trading at $175.29.
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Extra Space Storage announced a quarterly dividend on Thursday, May 27th. Shareholders of record on Tuesday, June 15th will be given a dividend of $1.00 per share on Wednesday, June 30th. This represents a $4.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Monday, June 14th.
View Extra Space Storage's dividend history.

Extra Space Storage pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.30%. Extra Space Storage does not yet have a strong track record of dividend growth. The dividend payout ratio of Extra Space Storage is 75.76%. 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 62.21% 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 updated its FY21 earnings guidance on Tuesday, July, 27th. The company provided earnings per share (EPS) guidance of $6.45-$6.60 for the period, compared to the Thomson Reuters consensus estimate of $6.18.

13 brokers have issued 12 month target prices for Extra Space Storage's shares. Their forecasts range from $119.00 to $189.00. On average, they anticipate Extra Space Storage's stock price to reach $157.38 in the next year. This suggests that the stock has a possible downside of 10.2%.
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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.

Some companies that are related to Extra Space Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Medical Properties Trust (MPW), CubeSmart (CUBE), Life Storage (LSI), Omega Healthcare Investors (OHI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), EPR Properties (EPR) and PotlatchDeltic (PCH).
View all of EXR's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Extra Space Storage investors own include The 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 institutional and retail investors. Top institutional shareholders include PGGM Investments (1.26%), Sumitomo Mitsui Trust Holdings Inc. (0.46%), Alliancebernstein L.P. (0.18%), New York State Common Retirement Fund (0.11%), State of Alaska Department of Revenue (0.06%) and Stock Yards Bank & Trust Co. (0.05%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, 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.

EXR stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Sumitomo Mitsui Trust Holdings Inc., Zurcher Kantonalbank Zurich Cantonalbank , Unigestion Holding SA, Venturi Wealth Management LLC, New York State Common Retirement Fund, JLP Asset Management LLC, and Advisor Group Holdings Inc.. Company insiders that have sold Extra Space Storage company stock in the last year include Grace Kunde, Gwyn Goodson Mcneal, Joseph D Margolis, Matthew T Herrington, P Scott Stubbs, Samrat Sondhi, Spencer Kirk, and William N Springer.
View insider buying and selling activity for Extra Space Storage or view top insider-selling stocks.

EXR stock was acquired by a variety of institutional investors in the last quarter, including Presima Inc., Manning & Napier Group LLC, State of Alaska Department of Revenue, Dupont Capital Management Corp, Sumitomo Mitsui DS Asset Management Company Ltd, IFM Investors Pty Ltd, Alliancebernstein L.P., and Personal CFO Solutions LLC.
View insider buying and selling activity for Extra Space Storage or or view top insider-buying stocks.

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.
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One share of EXR stock can currently be purchased for approximately $175.29.

Extra Space Storage has a market capitalization of $23.44 billion and generates $1.36 billion in revenue each year. The real estate investment trust earns $481.78 million in net income (profit) each year or $5.28 on an earnings per share basis.

Extra Space Storage employs 4,013 workers across the globe.

Extra Space Storage was founded in 1977.

The official website for Extra Space Storage is www.extraspace.com.

Extra Space Storage is headquartered at 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121.

Extra Space Storage's mailing address is 2795 EAST COTTONWOOD PARKWAY SUITE 300, SALT LAKE CITY UT, 84121. The real estate investment trust can be reached via phone at 801-365-4600 or via email at [email protected]