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NYSE:EXR

Extra Space Storage Stock Forecast, Price & News

$112.73
+2.73 (+2.48 %)
(As of 11/30/2020 12:00 AM ET)
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Today's Range
$109.64
Now: $112.73
$112.74
50-Day Range
$106.92
MA: $114.62
$118.66
52-Week Range
$72.70
Now: $112.73
$121.07
Volume1.07 million shs
Average Volume1.06 million shs
Market Capitalization$14.57 billion
P/E Ratio33.45
Dividend Yield3.27%
Beta0.2
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 logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP30225T10
Phone801-365-4600
Employees4,048

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.31 billion
Cash Flow$5.07 per share
Book Value$22.56 per share

Profitability

Net Income$419.97 million

Miscellaneous

Market Cap$14.57 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$112.73
+2.73 (+2.48 %)
(As of 11/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Extra Space Storage (NYSE:EXR) Frequently Asked Questions

How has Extra Space Storage's stock been impacted by Coronavirus (COVID-19)?

Extra Space Storage's stock was trading at $104.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EXR shares have increased by 8.0% and is now trading at $112.73.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Extra Space Storage?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Extra Space Storage
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Extra Space Storage?

Wall Street analysts have given Extra Space Storage a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Extra Space Storage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Extra Space Storage's next earnings date?

Extra Space Storage is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Extra Space Storage
.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc. (NYSE:EXR) posted its earnings results on Wednesday, November, 4th. The real estate investment trust reported $0.88 EPS for the quarter, missing the Zacks' consensus estimate of $1.24 by $0.36. The real estate investment trust had revenue of $290.42 million for the quarter, compared to analyst estimates of $286.55 million. Extra Space Storage had a net margin of 34.54% and a return on equity of 16.47%. Extra Space Storage's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 earnings per share.
View Extra Space Storage's earnings history
.

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, November 12th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.90 per share on Thursday, December 31st. This represents a $3.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Monday, December 14th.
View Extra Space Storage's dividend history
.

What price target have analysts set for EXR?

12 brokers have issued 1 year price targets for Extra Space Storage's stock. Their forecasts range from $94.00 to $135.00. On average, they expect Extra Space Storage's share price to reach $110.80 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
View analysts' price targets for Extra Space Storage
.

Are investors shorting Extra Space Storage?

Extra Space Storage saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 3,000,000 shares, a decline of 30.4% from the October 31st total of 4,310,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 2.9 days. Approximately 2.4% of the shares of the stock are sold short.
View Extra Space Storage's Short Interest
.

Who are some of Extra Space Storage's key competitors?

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 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).

Who are Extra Space Storage's key executives?

Extra Space Storage's management team includes the following people:
  • Mr. Joseph D. Margolis J.D., CEO & Director (Age 59, Pay $2.32M)
  • Mr. P. Scott Stubbs, Exec. VP & CFO (Age 52, Pay $1.1M)
  • Mr. Gwyn Goodson McNeal, Exec. VP & Chief Legal Officer (Age 51, Pay $843.37k)
  • Mr. Samrat Sondhi, Exec. VP & Chief Marketing Officer (Age 45, Pay $856.26k)
  • Mr. Matthew T. Herrington, Exec. VP & COO
  • Ms. Grace Kunde, Sr. VP of Accounting & Fin. and Corp. Controller (Age 45)
  • Mr. Jeffrey Norman, VP of Investor Relations & Corp. Communications
  • Mr. Timothy Arthurs, Sr. VP of Operations (Age 61)
  • Mr. David L. Rasmussen, VP & Gen. Counsel (Age 74)
  • Mr. Clint Porter Halverson, VP of HR

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.51%), State Street Corp (5.91%), PGGM Investments (3.40%), Principal Financial Group Inc. (2.66%), Daiwa Securities Group Inc. (1.87%) and Nuveen Asset Management LLC (0.93%). Company insiders that own Extra Space Storage stock include Byambasaikhan Bayanjargal, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi, Spencer Kirk and William N Springer.
View institutional ownership trends for Extra Space Storage
.

Which institutional investors are selling Extra Space Storage stock?

EXR stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., State Street Corp, Allianz Asset Management GmbH, Morgan Stanley, Fulton Breakefield Broenniman LLC, First Trust Advisors LP, Ossiam, and Standard Life Aberdeen plc. Company insiders that have sold Extra Space Storage company stock in the last year include Gwyn Goodson Mcneal, James Overturf, Joseph D Margolis, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi, Spencer Kirk, and William N Springer.
View insider buying and selling activity for Extra Space Storage
.

Which institutional investors are buying Extra Space Storage stock?

EXR stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, PGGM Investments, Great West Life Assurance Co. Can, Aew Capital Management L P, SG Americas Securities LLC, Timbercreek Investment Management Inc., JPMorgan Chase & Co., and UBS Asset Management Americas Inc..
View insider buying and selling activity for Extra Space Storage
.

How do I buy shares of 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Extra Space Storage's stock price today?

One share of EXR stock can currently be purchased for approximately $112.73.

How big of a company is Extra Space Storage?

Extra Space Storage has a market capitalization of $14.57 billion and generates $1.31 billion in revenue each year. The real estate investment trust earns $419.97 million in net income (profit) each year or $4.88 on an earnings per share basis. Extra Space Storage employs 4,048 workers across the globe.

What is Extra Space Storage's official website?

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

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 real estate investment trust can be reached via phone at 801-365-4600.

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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