NYSE:EXR Extra Space Storage (EXR) Stock Price, News & Analysis → The Next Nvidia? (From InvestorPlace) (Ad) Free EXR Stock Alerts $143.30 +0.62 (+0.43%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$142.96▼$144.7050-Day Range$132.52▼$152.4252-Week Range$101.19▼$164.99Volume1.12 million shsAverage Volume1.18 million shsMarket Capitalization$30.33 billionP/E Ratio31.92Dividend Yield4.52%Price Target$149.67 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 RatingHold2.33 Rating ScoreUpside/Downside4.4% Upside$149.67 Price TargetShort InterestHealthy1.94% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.57Upright™ Environmental ScoreNews Sentiment0.55Based on 17 Articles This WeekInsider TradingSelling Shares$514,819 Sold Last QuarterProj. Earnings Growth4.35%From $8.05 to $8.40 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 Sector374th out of 874 stocksReal Estate Investment Trusts Industry78th out of 183 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 3.0 Short Interest Percentage of Shares Shorted1.94% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Extra Space Storage has recently increased by 5.93%, 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 4.57%, 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 77.14% 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 2.0 News and Social Media Coverage News SentimentExtra Space Storage has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Extra Space Storage this week, compared to 7 articles on an average week.Search InterestOnly 8 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% 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 1.36% 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 4.35% in the coming year, from $8.05 to $8.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Extra Space Storage is 31.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Extra Space Storage is 31.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 52.28.Price to Earnings Growth RatioExtra Space Storage has a PEG Ratio of 3.48. 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 1.96. 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 Weiss Ratings[URGENT] DO NOT Touch These AI Stocks!Artificial intelligence stocks are carrying the market. One of them, Nvidia, recently became the seventh company ever to hit a $1 trillion market cap. But is this AI rally over?Click here for our #1 AI Stock for 2024 and Beyond 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 HeadlinesMay 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 8, 2024 | InvestorPlace (Ad)The Next Nvidia?The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.May 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 AdjustmentsMay 8, 2024 | Smallcaps Daily (Ad)The #1 Biotech Stock to Watch in 2024 is Attacking Viruses in a Unique WaySee how with its ongoing expansion and development of its diverse and promising product pipeline, this small-cap NYSE company is positioned to be a dominant and innovative leader in the nanomedicine and antiviral therapy space.April 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 ChallengesApril 30, 2024 | prnewswire.comExtra Space Storage Inc. Reports 2024 First Quarter ResultsApril 30, 2024 | msn.comFire at Fremont's Extra Space Storage facility destroys units, memoriesApril 30, 2024 | yahoo.comFire at Extra Space Storage in Fremont being investigatedApril 29, 2024 | markets.businessinsider.comExtra Space Storage is about to announce its earnings — here's what to expectApril 29, 2024 | finance.yahoo.comThese Self-Storage REITs Yield Up to 4.9% and Have Track Records of Dividend GrowthApril 26, 2024 | nytimes.comAmericans Went All-In on Self-Storage. That Demand Is Suddenly Cooling.April 18, 2024 | nasdaq.comEXR Factor-Based Stock AnalysisApril 18, 2024 | bizjournals.comDXD Capital gives update on NE Heights developmentApril 10, 2024 | msn.comU.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.09%April 10, 2024 | investors.com12 Stocks' Insane Growth Is About To Blow The Doors OffApril 9, 2024 | gurufocus.comExtra Space Storage Inc (EXR)'s Winning Formula: Financial Metrics and Competitive StrengthsApril 6, 2024 | markets.businessinsider.comWells Fargo Keeps Their Buy Rating on Extra Space Storage (EXR)April 4, 2024 | finance.yahoo.com16 Biggest Self Storage Companies in the USApril 2, 2024 | msn.comHere's Why Extra Space Storage (EXR) Rose in Q4See 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 Payable3/29/2024Today5/07/2024Next 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$149.67 High Stock Price Target$187.00 Low Stock Price Target$119.00 Potential Upside/Downside+4.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.49 Trailing P/E Ratio31.92 Forward P/E Ratio17.80 P/E Growth3.48Net 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 Ratio0.30 Sales & Book Value Annual Sales$2.56 billion Price / Sales11.84 Cash Flow$6.58 per share Price / Cash Flow21.79 Book Value$72.96 per share Price / Book1.96Miscellaneous Outstanding Shares211,620,000Free Float208,742,000Market Cap$30.33 billion OptionableOptionable Beta0.76 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.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 CompetitorsVentasNYSE:VTRPublic StorageNYSE:PSACubeSmartNYSE:CUBEOmega Healthcare InvestorsNYSE:OHIWelltowerNYSE:WELLView All CompetitorsInsiders & InstitutionsSG Americas Securities LLCBought 411 shares on 5/7/2024Ownership: 0.015%Oppenheimer Asset Management Inc.Sold 285 shares on 5/7/2024Ownership: 0.004%Capital Square LLCBought 251 shares on 5/7/2024Ownership: 0.004%Empowered Funds LLCBought 651 shares on 5/7/2024Ownership: 0.002%Choate Investment AdvisorsBought 2,307 shares on 5/7/2024Ownership: 0.001%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, with a 57.4% increase in revenue compared to the same quarter last year, indicating a strong financial performance. The company is the largest operator of self-storage properties in the United States, providing a stable and established presence in the market. Extra Space Storage Inc. has a market capitalization of $29.91 billion, reflecting its significant size and stability in the real estate investment trust sector. The stock has a relatively low beta of 0.74, suggesting lower volatility compared to the overall market, which can be attractive to risk-averse investors. With a P/E ratio of 28.62, Extra Space Storage Inc. may be considered undervalued by some investors, presenting a potential opportunity for capital appreciation. Cons Investors should be bearish about investing in Extra Space Storage Inc. for these reasons: Extra Space Storage Inc. reported an EPS of $1.02 for the quarter, missing analysts' consensus estimates of $2.03 by a significant margin, indicating potential challenges in meeting earnings expectations. The company's quick ratio and current ratio of 0.30 each suggest a relatively low liquidity position, which may pose risks during economic downturns or unforeseen financial challenges. Extra Space Storage Inc. has a debt-to-equity ratio of 0.71, indicating a moderate level of debt that investors should consider in relation to the company's financial health and risk profile. The stock price of Extra Space Storage Inc. has experienced fluctuations, with a 52-week low of $101.19 and a high of $165.85, highlighting potential price volatility that may impact investor returns. Despite revenue growth, the company's net margin of 31.81% and return on equity of 8.34% may raise concerns about profitability and efficiency in generating returns for shareholders. 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 Friday, April 12, 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 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. View EXR analyst ratings or view top-rated stocks. What is Extra Space Storage's stock price target for 2024? 12 brokers have issued 1-year price targets for Extra Space Storage's stock. Their EXR share price targets range from $119.00 to $187.00. On average, they expect the company's stock price to reach $149.67 in the next twelve months. This suggests a possible upside of 4.4% 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 stock has decreased by 10.6% and is now trading at $143.30. View the best growth stocks for 2024 here. Are investors shorting Extra Space Storage? Extra Space Storage saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,110,000 shares, an increase of 5.9% from the March 31st total of 3,880,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is currently 3.6 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) announced its 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 had revenue of $797.77 million for the quarter, compared to analyst estimates 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%. The firm's quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the company posted $2.09 earnings per share. 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 declared a quarterly dividend on Thursday, February 22nd. Investors 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 yield of 4.52%. The ex-dividend date of this dividend 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 4.57%. 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 77.14% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for EXR. 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), 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 iShares Cohen & Steers REIT ETF (ICF). 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 a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (3.35%), Daiwa Securities Group Inc. (1.15%), Bank of New York Mellon Corp (0.72%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), Swiss National Bank (0.30%) and Sei Investments Co. (0.27%). 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 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. 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