Extra Space Storage (EXR) Stock Price, News & Analysis

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 5 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.
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12 brokers have issued 1 year target prices 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 $150.17 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
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Extra Space Storage's stock was trading at $160.33 on January 1st, 2024. Since then, EXR shares have decreased by 16.0% and is now trading at $134.72.
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Extra Space Storage saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,880,000 shares, a drop of 25.1% from the March 15th total of 5,180,000 shares. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 3.3 days.
View Extra Space Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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Extra Space Storage will be holding an earnings conference call on Wednesday, May 1st at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Extra Space Storage Inc. (NYSE:EXR) released its quarterly earnings data on Tuesday, February, 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 8.34% and a net margin of 31.81%. The firm's quarterly revenue was up 57.4% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS.
Read the conference call transcript.

Extra Space Storage declared 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 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for EXR.

Extra Space Storage (NYSE:EXR) pays an annual dividend of $6.48 per share and currently has a dividend yield of 4.77%. 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 77.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EXR.

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), Nuveen Short-Term REIT ETF (NURE), JPMorgan Realty Income ETF (JPRE), Invesco Active U.S. Real Estate ETF (PSR), Pacer Industrial Real Estate ETF (INDS) and Residential REIT ETF (HAUS).

Extra Space Storage updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (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 -.

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.

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).

Extra Space Storage's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hazelview Securities Inc. (0.10%), Vert Asset Management LLC (0.04%), CHURCHILL MANAGEMENT Corp (0.03%), Czech National Bank (0.02%), Pensionfund DSM Netherlands (0.01%) and Gulf International Bank UK Ltd (0.01%). 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.
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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.
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