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

12 Wall Street 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 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 equities research analysts have issued 1-year price targets for Extra Space Storage's shares. Their EXR share price targets range from $119.00 to $187.00. On average, they anticipate the company's stock price to reach $150.17 in the next year. This suggests a possible upside of 13.3% 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 17.3% and is now trading at $132.52.
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Extra Space Storage saw a decline in short interest in March. As of March 31st, there was short interest totaling 3,880,000 shares, a decline 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 days-to-cover ratio is presently 3.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our EXR earnings forecast.

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) 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 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 net margin of 31.81% and a trailing twelve-month return on equity of 8.34%. The business's quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the company earned $2.09 earnings per share.
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Extra Space Storage announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Friday, March 15th will be paid 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 4.89%. The ex-dividend date of this dividend 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 issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of 7.850-8.150 for the period, compared to the consensus earnings per share 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 a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.43%), Vaughan Nelson Investment Management L.P. (0.13%), Hazelview Securities Inc. (0.10%), State of Alaska Department of Revenue (0.06%), Vert Asset Management LLC (0.04%) and CHURCHILL MANAGEMENT Corp (0.03%). 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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