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.