NYSE:EXR Extra Space Storage (EXR) Stock Price, News & Analysis → $25,000 into $109,616 in two months? (From WealthPress) (Ad) Free EXR Stock Alerts $147.00 +0.25 (+0.17%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$146.14▼$148.6250-Day Range$138.07▼$150.6052-Week Range$101.19▼$165.85Volume1.21 million shsAverage Volume1.23 million shsMarket Capitalization$31.10 billionP/E Ratio29.76Dividend Yield4.41%Price Target$151.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Extra Space Storage alerts: Email Address Extra Space Storage MarketRank™ Stock AnalysisAnalyst RatingHold2.38 Rating ScoreUpside/Downside2.8% Upside$151.08 Price TargetShort InterestBearish2.45% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.23Based on 13 Articles This WeekInsider TradingSelling Shares$514,819 Sold Last QuarterProj. Earnings Growth6.84%From $8.04 to $8.59 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.4.10 out of 5 starsFinance Sector273rd out of 872 stocksReal Estate Investment Trusts Industry49th out of 184 stocks 2.2 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 6 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $151.08, Extra Space Storage has a forecasted upside of 2.8% from its current price of $146.93.Amount of Analyst CoverageExtra Space Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.45% 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 4.4.Change versus previous monthShort interest in Extra Space Storage has recently increased by 19.35%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipExtra Space Storage is a leading dividend payer. It pays a dividend yield of 4.42%, 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 131.17%. 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 75.44% in the coming year. This indicates that Extra Space Storage may not be able to sustain their current 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 1.8 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.23. 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 lower news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Extra Space Storage this week, compared to 7 articles on an average week.Search InterestOnly 15 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% 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 $514,819.00 in company stock.Percentage Held by InsidersOnly 1.55% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 6.84% in the coming year, from $8.04 to $8.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 29.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 29.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.34.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 3.61. 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 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTIWarning: this could blow your mindBuckle up… ‘Cause this might shatter everything you’ve heard about “income trading”. In fact, it’s such an extreme diversion from what most people think of typical income trades that I call it: The Perfect Income Trade You see, most of the income techniques out there target a couple of percent. Maybe 5 - 10 percent if you’re lucky. But this new way of trading income on the world’s top stocks goes after more than 10x that kind of return. And here’s the best news of all: This trade can target an opportunity like that every week. Every single week. Meaning an investor has the chance to “stack up” these more aggressive income trades over and over. If that sounds interesting…Watch the presentation here 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 HeadlinesMarch 12, 2024 | insidertrades.comInsider Selling: Extra Space Storage Inc. (NYSE:EXR) EVP Sells 1,350 Shares of StockMarch 29, 2024 | americanbankingnews.comExtra Space Storage's (EXR) "Outperform" Rating Reiterated at Raymond JamesMarch 29, 2024 | Crypto 101 Media (Ad)Crypto Market Preps For Trillions Worth of Inflows! Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.March 28, 2024 | finance.yahoo.comExtra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2024 ResultsMarch 28, 2024 | msn.comHow Can I Create More Storage on My Device?March 28, 2024 | benzinga.comP/E Ratio Insights for Extra Space StorageMarch 28, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Receives New Coverage from Analysts at BarclaysMarch 22, 2024 | americanbankingnews.comQ1 2024 Earnings Forecast for Extra Space Storage Inc. Issued By Zacks Research (NYSE:EXR)March 29, 2024 | Crypto 101 Media (Ad)Major Elon Musk Crypto Leak RevealedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.March 20, 2024 | americanbankingnews.comZacks Research Brokers Decrease Earnings Estimates for Extra Space Storage Inc. (NYSE:EXR)March 20, 2024 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) Receives Average Recommendation of "Hold" from BrokeragesMarch 12, 2024 | finance.yahoo.comInsider Sell: EVP/Chief Legal Officer Gwyn Mcneal Sells 2,700 Shares of Extra Space Storage Inc ...March 8, 2024 | seekingalpha.comWho Needs 'Extra Space' In Their REIT Portfolio?March 7, 2024 | nasdaq.comEXR Quantitative Stock AnalysisMarch 6, 2024 | benzinga.comMatthew Herrington Of Extra Space Storage Shows Optimism, Buys $762K In StockMarch 6, 2024 | benzinga.comChief Executive Officer Of Extra Space Storage Purchased $5.68M In StockMarch 4, 2024 | realmoney.thestreet.comExtra Space Storage price target lowered by $5 at Wells Fargo, here's whyMarch 4, 2024 | seekingalpha.comExtra Space Storage Is A Buy (Technical Analysis)March 3, 2024 | ca.finance.yahoo.comEXR Mar 2024 90.000 callMarch 1, 2024 | finance.yahoo.comYou Won't Believe How Gen Z is Transforming These REITs!February 29, 2024 | finance.yahoo.comQ4 2023 Extra Space Storage Inc Earnings CallFebruary 29, 2024 | seekingalpha.comExtra Space Storage Inc. (EXR) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Extra Space Storage (EXR) and Redfin (RDFN)February 28, 2024 | markets.businessinsider.comBuy Rating Upheld for Extra Space Storage Amid Conservative Forecasts and Anticipated Growth SynergiesFebruary 28, 2024 | markets.businessinsider.comBalancing Act: Hold Rating on Extra Space Storage Amid Mixed Financial SignalsFebruary 28, 2024 | finance.yahoo.comExtra Space Storage Inc. (EXR) Reports Decline in Q4 Net Income Amid Life Storage Merger CostsFebruary 27, 2024 | markets.businessinsider.comExtra Space Storage Q4 EPS Declines, Misses ViewSee 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 Dividend3/14/2024Today3/29/2024Dividend Payable3/29/2024Next Earnings (Estimated)5/07/2024Fiscal 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$151.08 High Stock Price Target$187.00 Low Stock Price Target$119.00 Potential Upside/Downside+2.8%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$4.94 Trailing P/E Ratio29.74 Forward P/E Ratio18.27 P/E Growth3.45Net Income$803.20 million Net Margins31.81% Pretax Margin34.06% Return on Equity8.34% Return on Assets4.09% Debt Debt-to-Equity Ratio0.71 Current Ratio0.30 Quick Ratio0.30 Sales & Book Value Annual Sales$2.56 billion Price / Sales12.14 Cash Flow$6.81 per share Price / Cash Flow21.58 Book Value$72.96 per share Price / Book2.01Miscellaneous Outstanding Shares211,570,000Free Float208,296,000Market Cap$31.09 billion OptionableOptionable Beta0.74 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Joseph Daniel Margolis J.D. (Age 63)CEO & Director Comp: $3.6MMr. P. Scott Stubbs CPA (Age 56)Executive VP & CFO Comp: $1.49MMs. Gwyn Goodson McNeal (Age 55)Executive VP & Chief Legal Officer Comp: $1.09MMr. Samrat Sondhi (Age 49)Executive VP & Chief Marketing Officer Comp: $1.34MMr. Noah Springer (Age 45)Executive VP and Chief Strategy & Partnership Officer Comp: $1.11MMr. Matthew T. Herrington (Age 43)Executive VP & COO Comp: $719.01kMr. Zachary Dickens (Age 49)Executive VP & Chief Investment Officer Ms. Grace Kunde (Age 49)Senior VP of Accounting & Finance and Corporate Controller Mr. Timothy Arthurs (Age 65)Senior Vice President of Operations Comp: $203.12kMr. Jeffrey NormanSenior Vice President of Capital MarketsMore ExecutivesKey CompetitorsVentasNYSE:VTRPublic StorageNYSE:PSACubeSmartNYSE:CUBEWelltowerNYSE:WELLOmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsNomura Holdings Inc.Bought 37,487 shares on 3/27/2024Ownership: 0.018%PNC Financial Services Group Inc.Sold 17,376 shares on 3/22/2024Ownership: 0.190%Healthcare of Ontario Pension Plan Trust FundBought 40,049 shares on 3/21/2024Ownership: 0.019%Gwyn Goodson McnealSold 1,350 sharesTotal: $195,750.00 ($145.00/share)Wellington Management Group LLPBought 451,242 shares on 3/5/2024Ownership: 1.040%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. is the largest operator of self-storage properties in the United States, indicating a strong market presence and potential for stable revenue streams. The company owns and/or operates a significant number of self-storage stores across multiple states, providing diversification and reducing regional risk. With a wide selection of storage units, including boat storage, RV storage, and business storage, Extra Space Storage Inc. caters to various customer needs, potentially increasing demand and revenue. Recent financial reports show positive growth trends, with revenue and profits on the rise, reflecting a healthy financial performance. Despite market fluctuations, the stock price of Extra Space Storage Inc. has shown resilience and potential for long-term growth, making it an attractive investment option. Cons Investors should be bearish about investing in Extra Space Storage Inc. for these reasons: As a real estate investment trust (REIT), Extra Space Storage Inc. is subject to interest rate risks, which can impact the company's borrowing costs and profitability. The self-storage industry may face competition from alternative storage solutions or changing consumer preferences, potentially affecting occupancy rates and revenue. Market volatility and economic downturns can impact the demand for storage units, leading to fluctuations in the company's financial performance. Regulatory changes or legal issues related to self-storage operations could pose risks to Extra Space Storage Inc.'s business operations and financial stability. Investors should carefully consider the company's debt levels and leverage ratios, as high debt burdens can increase financial risks and affect shareholder 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 Monday, March 25, 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? 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, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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? 13 Wall Street research analysts have issued 1-year price objectives 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 stock price to reach $151.08 in the next year. This suggests a possible upside of 2.8% from the stock's current price. 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 beginning of the year. Since then, EXR shares have decreased by 8.4% and is now trading at $146.93. View the best growth stocks for 2024 here. Are investors shorting Extra Space Storage? Extra Space Storage saw a increase in short interest in March. As of March 15th, there was short interest totaling 5,180,000 shares, an increase of 19.4% from the February 29th total of 4,340,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is presently 4.4 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 Tuesday, May 7th 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 data on Tuesday, February, 27th. The real estate investment trust reported $1.02 earnings per share 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 analyst estimates of $778.05 million. Extra Space Storage had a trailing twelve-month return on equity of 8.34% and a net margin of 31.81%. Extra Space Storage's revenue was up 57.4% on a year-over-year basis. During the same period 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 Thursday, February 22nd. Shareholders of record on Friday, March 15th will be given a dividend of $1.62 per share on Friday, March 29th. This represents a $6.48 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Thursday, March 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 4.42%. EXR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 131.17%. 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 75.44% 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 Nuveen Short-Term REIT ETF (NURE), iShares Residential and Multisector Real Estate ETF (REZ), Principal Real Estate Active Opportunities ETF (BYRE), Pacer Industrial Real Estate ETF (INDS), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), iShares Cohen & Steers REIT ETF (ICF), ALPS Active REIT ETF (REIT) and SPDR Dow Jones REIT ETF (RWR). What guidance has Extra Space Storage issued on next quarter's earnings? Extra Space Storage updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 7.850-8.150 for the period, compared to the consensus EPS estimate of 8.310. 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.84%), Capital World Investors (9.32%), Cohen & Steers Inc. (4.90%), Principal Financial Group Inc. (3.35%), Norges Bank (3.02%) and Capital International Investors (1.73%). Insiders that own company stock include Grace Kunde, 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, Samrat Sondhi and Spencer Kirk. 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyOnly a fool would buy Nvidia today… Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Extra Space Storage Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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