NYSE:EXR Extra Space Storage (EXR) Stock Price, News & Analysis → Elon Musk: THIS will be bigger than Tesla (From Paradigm Press) (Ad) Free EXR Stock Alerts $156.57 -1.96 (-1.24%) (As of 06/14/2024 08:51 PM ET) Add Compare Share Share Today's Range$154.78▼$158.2350-Day Range$132.52▼$158.5352-Week Range$101.19▼$164.99Volume1.28 million shsAverage Volume1.11 million shsMarket Capitalization$33.15 billionP/E Ratio34.87Dividend Yield4.14%Price Target$151.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Extra Space Storage alerts: Email Address Extra Space Storage MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside3.0% Downside$151.83 Price TargetShort InterestHealthy1.69% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment1.11Based on 8 Articles This WeekInsider TradingSelling Shares$100,345 Sold Last QuarterProj. Earnings Growth3.73%From $8.05 to $8.35 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.65 out of 5 starsFinance Sector377th out of 867 stocksReal Estate Investment Trusts Industry63rd out of 175 stocks 1.2 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageExtra Space Storage has only been the subject of 4 research reports in the past 90 days.Read more about Extra Space Storage's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.69% of the outstanding shares of Extra Space Storage have been sold short.Short Interest Ratio / Days to CoverExtra Space Storage has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Extra Space Storage has recently decreased by 2.19%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipExtra Space Storage is a leading dividend payer. It pays a dividend yield of 4.14%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthExtra Space Storage does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Extra Space Storage is 144.32%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Extra Space Storage will have a dividend payout ratio of 77.60% in the coming year. This indicates that Extra Space Storage may not be able to sustain their current dividend.Read more about Extra Space Storage's dividend. Previous Next 4.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreExtra Space Storage has received a 55.48% net impact score from Upright. Extra Space Storage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is false driven by its "Storage unit leasing services" product. See details.Environmental SustainabilityThe Environmental Impact score for Extra Space Storage is -0.57. Previous Next 2.3 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.88 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Extra Space Storage this week, compared to 8 articles on an average week.Search InterestOnly 4 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Extra Space Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $100,345.00 in company stock.Percentage Held by InsidersOnly 1.36% of the stock of Extra Space Storage is held by insiders.Percentage Held by Institutions99.11% of the stock of Extra Space Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Extra Space Storage's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 3.73% in the coming year, from $8.05 to $8.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 34.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.03.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 34.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.53.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 3.76. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioExtra Space Storage has a P/B Ratio of 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Extra Space Storage's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceJeff Bezos & 48 Members of Congress Are Buying ONE Sector…Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market…Click here for the details About Extra Space Storage Stock (NYSE:EXR)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 December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. 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. It is the largest operator of self-storage properties in the United States.Read More EXR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EXR Stock News HeadlinesJune 12, 2024 | insidertrades.comExtra Space Storage Inc. (NYSE:EXR) Director Joseph J. Bonner Sells 677 SharesJune 9, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Price Target Cut to $160.00June 4, 2024 | fool.comThe Smartest Dividend Stocks to Buy With $250 Right NowJune 2, 2024 | fool.com3 Magnificent S&P 500 Dividend Stocks Down 15% to Buy and Hold ForeverMay 29, 2024 | benzinga.comInsider Move: Diane Olmstead Invests $199K In Extra Space Storage StockMay 29, 2024 | benzinga.comExtra Space Storage Insider Trades SendAa SignalMay 28, 2024 | seekingalpha.comPublic Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% YieldMay 24, 2024 | prnewswire.comExtra Space Storage Inc. Announces 2nd Quarter 2024 DividendMay 23, 2024 | msn.comThese Self-Storage REITs Yield Up to 4.4% and Have Track Records of Dividend GrowthMay 20, 2024 | markets.businessinsider.comNavigating 6 Analyst Ratings For Extra Space StorageMay 20, 2024 | markets.businessinsider.comExtra Space Storage (EXR) Gets a Buy from BarclaysMay 17, 2024 | seekingalpha.comExtra Space Storage: Results Are Improving, But Rates A Risk (Rating Upgrade)May 14, 2024 | markets.businessinsider.comBuy Rating Affirmed for Extra Space Storage Amid Strong Performance and Upbeat OutlookMay 13, 2024 | msn.comGlobal Self Storage GAAP EPS of $0.02, revenue of $3.03MMay 4, 2024 | seekingalpha.comI'm Betting On 5%-Yielding Extra Space Storage To Grow My WealthMay 2, 2024 | finance.yahoo.comExtra Space Storage Inc. (NYSE:EXR) Q1 2024 Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comQ1 2024 Extra Space Storage Inc Earnings CallMay 2, 2024 | finance.yahoo.comExtra Space Storage Inc (EXR) (Q1 2024) Earnings Call Transcript Highlights: Key Financial ...May 2, 2024 | gurufocus.comQ1 2024 Extra Space Storage Inc Earnings Call TranscriptMay 1, 2024 | seekingalpha.comExtra Space Storage Inc. (EXR) Q1 2024 Earnings Call TranscriptMay 1, 2024 | markets.businessinsider.comExtra Space Storage: Steady Performance with Hold Rating Amidst Financial Strategy AdjustmentsApril 30, 2024 | markets.businessinsider.comEXR Stock Earnings: Extra Space Storage Beats EPS, Misses Revenue for Q1 2024April 30, 2024 | sfgate.comExtra Space Storage: Q1 Earnings SnapshotApril 30, 2024 | markets.businessinsider.comExtra Storage Space Q1 EPS DeclinesApril 30, 2024 | finance.yahoo.comExtra Space Storage Inc. (EXR) Q1 2024 Earnings: Performance Amidst ChallengesSee More Headlines Receive EXR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Extra Space Storage and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/27/2024Ex-Dividend for 3/29 Dividend3/14/2024Dividend Payable3/29/2024Ex-Dividend for 6/28 Dividend6/14/2024Today6/17/2024Dividend Payable6/28/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustrySpecialized REITs Current SymbolNYSE:EXR Previous SymbolNYSE:EXR CUSIP30225T10 CIK1289490 Webwww.extraspace.com Phone(801) 365-4600Fax801-365-4801Employees7,618Year Founded1977Price Target and Rating Average Stock Price Target$151.83 High Stock Price Target$187.00 Low Stock Price Target$119.00 Potential Upside/Downside-3.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.49 Trailing P/E Ratio34.87 Forward P/E Ratio19.45 P/E Growth3.76Net Income$803.20 million Net Margins29.10% Pretax Margin31.14% Return on Equity6.76% Return on Assets3.58% Debt Debt-to-Equity Ratio0.73 Current Ratio0.15 Quick Ratio0.15 Sales & Book Value Annual Sales$2.56 billion Price / Sales12.95 Cash Flow$6.51 per share Price / Cash Flow24.05 Book Value$72.96 per share Price / Book2.15Miscellaneous Outstanding Shares211,730,000Free Float208,846,000Market Cap$33.15 billion OptionableOptionable Beta0.81 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Joseph Daniel Margolis J.D. (Age 63)CEO & Director Comp: $3.22MMr. P. Scott Stubbs CPA (Age 56)Executive VP & CFO Comp: $1.32MMr. Zachary Dickens (Age 49)Executive VP & Chief Investment Officer Comp: $975.37kMr. Samrat Sondhi (Age 49)Executive VP & Chief Marketing Officer Comp: $1.15MMr. Noah Springer (Age 45)Executive VP and Chief Strategy & Partnership Officer Comp: $955.1kMr. Matthew T. Herrington (Age 43)Executive VP & COO Comp: $719.01kMs. Grace Kunde (Age 49)Senior VP of Accounting & Finance and Corporate Controller Ms. Gwyn Goodson McNeal (Age 55)Executive VP & Chief Legal Officer Comp: $1.09MMr. Timothy Arthurs (Age 65)Senior Vice President of Operations Comp: $203.12kMr. Jeffrey NormanSenior Vice President of Capital MarketsMore ExecutivesKey CompetitorsAmerican TowerNYSE:AMTWelltowerNYSE:WELLPublic StorageNYSE:PSAWeyerhaeuserNYSE:WYVentasNYSE:VTRView All CompetitorsInsiders & InstitutionsLasalle Investment Management Securities LLCSold 180,660 shares on 6/14/2024Ownership: 0.173%Joseph J BonnerSold 677 sharesTotal: $100,344.94 ($148.22/share)DekaBank Deutsche GirozentraleSold 5,351 shares on 6/4/2024Ownership: 0.054%Pathway Financial Advisers LLCBought 11,081 shares on 5/29/2024Ownership: 0.005%Boston PartnersBought 888,339 shares on 5/28/2024Ownership: 0.420%View All Insider TransactionsView All Institutional Transactions Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Extra Space Storage Inc.: Extra Space Storage Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance. The company has a solid track record of increasing dividends, providing investors with a reliable income stream. Recent market trends show an increasing demand for self-storage facilities, which could positively impact Extra Space Storage Inc.'s business. Extra Space Storage Inc.'s stock price has been steadily increasing, reflecting positive investor sentiment and potential for capital appreciation. The company has a strong balance sheet with manageable debt levels, reducing financial risk for investors. Cons Investors should be bearish about investing in Extra Space Storage Inc. for these reasons: Self-storage industry is highly competitive, leading to potential pricing pressures and lower profit margins for Extra Space Storage Inc. Interest rate hikes could increase borrowing costs for the company, impacting its profitability and cash flow. Market volatility and economic uncertainties may affect consumer spending on storage services, impacting Extra Space Storage Inc.'s revenue. Regulatory changes or legal issues in the real estate sector could pose risks to Extra Space Storage Inc.'s operations and financial performance. Investing in real estate investment trusts (REITs) like Extra Space Storage Inc. involves market risks and fluctuations in property values that could affect investor returns. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Extra Space Storage pros and cons to contact@marketbeat.com. EXR Stock Analysis - Frequently Asked Questions Should I buy or sell Extra Space Storage stock right now? 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXR, but not buy additional shares or sell existing shares. View EXR analyst ratings or view top-rated stocks. What is Extra Space Storage's stock price target for 2024? 12 equities research analysts have issued 12-month price targets for Extra Space Storage's stock. Their EXR share price targets range from $119.00 to $187.00. On average, they anticipate the company's share price to reach $151.83 in the next year. This suggests that the stock has a possible downside of 3.0%. View analysts price targets for EXR or view top-rated stocks among Wall Street analysts. How have EXR shares performed in 2024? Extra Space Storage's stock was trading at $160.33 at the start of the year. Since then, EXR stock has decreased by 2.3% and is now trading at $156.57. View the best growth stocks for 2024 here. Are investors shorting Extra Space Storage? Extra Space Storage saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,650,000 shares, a decrease of 8.1% from the April 30th total of 3,970,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is presently 3.2 days. 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 Thursday, August 1st 2024. View our EXR earnings forecast. How were Extra Space Storage's earnings last quarter? Extra Space Storage Inc. (NYSE:EXR) issued its quarterly earnings results on Tuesday, February, 27th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by $1.01. The real estate investment trust earned $797.77 million during the quarter, compared to the consensus estimate of $778.05 million. Extra Space Storage had a net margin of 29.10% and a trailing twelve-month return on equity of 6.76%. Extra Space Storage's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 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 announced a quarterly dividend on Friday, May 24th. Stockholders of record on Friday, June 14th will be given a dividend of $1.62 per share on Friday, June 28th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Friday, 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 $6.48 per share and currently has a dividend yield of 4.14%. EXR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 144.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EXR will have a dividend payout ratio of 77.60% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for EXR. What ETFs hold Extra Space Storage's stock? ETFs with the largest weight of Extra Space Storage (NYSE:EXR) stock in their portfolio include iShares Residential and Multisector Real Estate ETF (REZ), Principal Real Estate Active Opportunities ETF (BYRE), Janus Henderson U.S. Real Estate ETF (JRE), JPMorgan Realty Income ETF (JPRE), Pacer Industrial Real Estate ETF (INDS), Nuveen Short-Term REIT ETF (NURE), iShares Cohen & Steers REIT ETF (ICF) and Residential REIT ETF (HAUS). What guidance has Extra Space Storage issued on next quarter's earnings? Extra Space Storage issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 7.850-8.150 for the period, compared to the consensus earnings per share estimate of 8.030. 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). Who are Extra Space Storage's major shareholders? Extra Space Storage's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.91%), Capital World Investors (7.67%), Principal Financial Group Inc. (3.35%), Capital International Investors (1.73%), Centersquare Investment Management LLC (1.20%) and Daiwa Securities Group Inc. (1.15%). Insiders that own company stock include Gwyn Goodson Mcneal, Joseph D Margolis, Joseph D Margolis, Joseph J Bonner, Joseph Saffire, Kenneth M Woolley, Matthew T Herrington, Matthew T Herrington, P Scott Stubbs and Samrat Sondhi. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:EXR) was last updated on 6/17/2024 by MarketBeat.com Staff From Our PartnersTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredHurry! Buy this stock before the Robinhood traders do!Robinhood traders have piled $78 billion into this market... 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