NYSE:EXR Extra Space Storage (EXR) Stock Price, News & Analysis $173.58 +0.02 (+0.01%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$171.22â–Ľ$174.0850-Day Range$151.92â–Ľ$178.2852-Week Range$101.19â–Ľ$179.23Volume993,178 shsAverage Volume1.04 million shsMarket Capitalization$36.75 billionP/E Ratio38.66Dividend Yield3.73%Price Target$166.58 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 RatingHold2.25 Rating ScoreUpside/Downside4.0% Downside$166.58 Price TargetShort InterestHealthy1.83% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment1.09Based on 6 Articles This WeekInsider TradingSelling Shares$2.10 M Sold Last QuarterProj. Earnings Growth2.60%From $8.07 to $8.28 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.4.03 out of 5 starsFinance Sector175th out of 871 stocksReal Estate Investment Trusts Industry22nd out of 178 stocks 2.1 Analyst's Opinion Consensus RatingExtra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 5 buy ratings, 5 hold ratings, and 2 sell ratings.Amount of Analyst CoverageExtra Space Storage has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Extra Space Storage's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.83% 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 4.2.Change versus previous monthShort interest in Extra Space Storage has recently decreased by 4.43%, 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 3.69%, 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 78.26% 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 2.8 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 1.09. 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 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Extra Space Storage this week, compared to 8 articles on an average week.Search InterestOnly 9 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows3 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 $2,095,054.00 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Extra Space Storage are expected to grow by 2.60% in the coming year, from $8.07 to $8.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 38.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 38.66, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 31.89.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 2.58. 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 2.43. 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 WealthPressThe only candlestick pattern worth a darnIt’s widely known that 80% of daily market action is driven by Wall Street algorithms… Now, most people think of the algorithms are “bad” When in reality, they are neither good nor bad… They are simply programmed to buy and sell certain stocks over and over again… But here is the thing… They are predictable… They typically buy the same stocks at the same levels over and over again…Follow this link here and enter your email address to sign up… 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 HeadlinesAugust 30, 2024 | insidertrades.comExtra Space Storage Inc. (NYSE:EXR) EVP Sells $350,660.00 in StockAugust 28, 2024 | insidertrades.comGwyn Goodson Mcneal Sells 2,823 Shares of Extra Space Storage Inc. (NYSE:EXR) StockSeptember 7, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankSeptember 2, 2024 | ca.finance.yahoo.comEXR Dec 2024 195.000 callSeptember 1, 2024 | seekingalpha.comExtra Space, Extra Gains: How Extra Space Storage Is Winning The Dividend GameAugust 31, 2024 | americanbankingnews.comExtra Space Storage Inc. (NYSE:EXR) EVP William N. Springer Sells 2,000 SharesAugust 30, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) PT Raised to $167.00 at Evercore ISIAugust 28, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) PT Raised to $188.00 at BarclaysSeptember 7, 2024 | Crypto 101 Media (Ad)Perfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious BankAugust 28, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) PT Raised to $169.00August 28, 2024 | americanbankingnews.comExtra Space Storage (NYSE:EXR) Given New $169.00 Price Target at ScotiabankAugust 27, 2024 | benzinga.comHere's How Much You Would Have Made Owning Extra Space Storage Stock In The Last 10 YearsAugust 27, 2024 | finance.yahoo.comThis Stock Turned $1,000 Into $17,739 Since Its 2004 IPO. Is It Too Late To Buy Now?August 27, 2024 | gurufocus.comInsider Sale: EVP/Chief Legal Officer Gwyn Mcneal Sells Shares of Extra Space Storage Inc (EXR)August 19, 2024 | prnewswire.comExtra Space Storage Celebrates 20 Years as a Publicly Traded CompanyAugust 19, 2024 | prnewswire.comExtra Space Storage Inc. Announces 3rd Quarter 2024 DividendAugust 15, 2024 | marketwatch.comExtra Space Storage Inc. stock underperforms Wednesday when compared to competitors despite daily gainsAugust 13, 2024 | benzinga.comExtra Space Storage (NYSE:EXR) Stock, Guidance And ForecastSee 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 6/28 Dividend6/14/2024Dividend Payable6/28/2024Today9/07/2024Ex-Dividend for 9/30 Dividend9/16/2024Dividend Payable9/30/2024Next Earnings (Estimated)11/05/2024Fiscal 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$166.58 High Stock Price Target$188.00 Low Stock Price Target$141.00 Potential Upside/Downside-4.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.49 Trailing P/E Ratio38.66 Forward P/E Ratio21.51 P/E Growth2.58Net Income$803.20 million Net Margins25.82% Pretax Margin27.68% Return on Equity5.43% Return on Assets3.02% Debt Debt-to-Equity Ratio0.76 Current Ratio0.20 Quick Ratio0.20 Sales & Book Value Annual Sales$3.16 billion Price / Sales11.64 Cash Flow$6.38 per share Price / Cash Flow27.19 Book Value$71.40 per share Price / Book2.43Miscellaneous Outstanding Shares211,725,000Free Float208,846,000Market Cap$36.75 billion OptionableOptionable Beta0.86 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.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:PSAVentasNYSE:VTRWeyerhaeuserNYSE:WYView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 16,931 shares on 9/5/2024Ownership: 0.008%Brown Financial AdvisorsBought 5,403 shares on 8/30/2024Ownership: 0.003%William N SpringerSold 2,000 sharesTotal: $350,660.00 ($175.33/share)Clearbridge Investments LLCSold 142,268 shares on 8/27/2024Ownership: 0.005%Dana Investment Advisors Inc.Sold 760 shares on 8/27/2024Ownership: 0.003%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.: The stock price of Extra Space Storage Inc. has been showing an upward trend, reaching $165.94 on August 20, 2024. Extra Space Storage Inc. has a market capitalization of $35.13 billion, indicating a strong presence and stability in the market. The company has a low debt-to-equity ratio of 0.76, signifying a healthy financial structure. Extra Space Storage Inc. pays a quarterly dividend, providing a potential source of regular income for investors. The company's 50-day and 200-day simple moving averages suggest a positive momentum in the stock price. Cons Investors should be bearish about investing in Extra Space Storage Inc. for these reasons: The current ratio and quick ratio of Extra Space Storage Inc. are relatively low at 0.20 and 0.15 respectively, indicating potential liquidity challenges. The dividend payout ratio of 144.32% raises concerns about the sustainability of the dividend payments in the long term. Analysts have given a consensus rating of "Hold" for the stock, suggesting limited upside potential according to market experts. Insider selling activities, such as CEO and Director selling shares, may raise questions about the company's future performance. The P/E ratio of 36.67 and P/E/G ratio of 3.37 may indicate that the stock is currently overvalued compared to its growth prospects. 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 Tuesday, August 20, 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 How have EXR shares performed this year? Extra Space Storage's stock was trading at $160.33 at the beginning of 2024. Since then, EXR stock has increased by 8.3% and is now trading at $173.58. View the best growth stocks for 2024 here. How were Extra Space Storage's earnings last quarter? Extra Space Storage Inc. (NYSE:EXR) posted its quarterly earnings results on Tuesday, February, 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $2.03 by $1.01. The firm's revenue was up 57.4% on a year-over-year basis. Read the conference call transcript. 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. Who are Extra Space Storage's major shareholders? Extra Space Storage's top institutional shareholders include Principal Financial Group Inc. (3.24%), Massachusetts Financial Services Co. MA (1.68%), Dimensional Fund Advisors LP (1.48%) and Diamond Hill Capital Management Inc. (1.40%). Insiders that own company stock include Samrat Sondhi, Joseph Saffire, Gwyn Goodson Mcneal, Joseph D Margolis, William N Springer, Matthew T Herrington, Joseph J Bonner, Kenneth M Woolley and P Scott Stubbs. 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. What other stocks do shareholders of Extra Space Storage own? Based on aggregate information from My MarketBeat watchlists, some other companies that Extra Space Storage investors own include Home Depot (HD), Cisco Systems (CSCO), Intel (INTC), AT&T (T), NVIDIA (NVDA), Johnson & Johnson (JNJ) and McDonald's (MCD). 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