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NYSE:EXR

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

Extra Space Storage logo
$147.00 +4.65 (+3.27%)
(As of 12/20/2024 05:40 PM ET)

About Extra Space Storage Stock (NYSE:EXR)

Key Stats

Today's Range
$143.56
$149.48
50-Day Range
$142.35
$172.68
52-Week Range
$131.02
$184.87
Volume
3.52 million shs
Average Volume
1.03 million shs
Market Capitalization
$31.16 billion
P/E Ratio
38.48
Dividend Yield
4.41%
Price Target
$173.08
Consensus Rating
Hold

Company Overview

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.

Extra Space Storage Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

EXR MarketRank™: 

Extra Space Storage scored higher than 94% of companies evaluated by MarketBeat, and ranked 79th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Extra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 5 buy ratings, 6 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Extra Space Storage has been the subject of 5 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.
  • Earnings Growth

    Earnings for Extra Space Storage are expected to grow by 2.84% in the coming year, from $8.10 to $8.33 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Extra Space Storage is 38.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.74.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Extra Space Storage is 38.48, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

  • Price to Earnings Growth Ratio

    Extra Space Storage has a PEG Ratio of 8.03. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Extra 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.

  • Percentage of Shares Shorted

    1.71% of the outstanding shares of Extra Space Storage have been sold short.
  • Short Interest Ratio / Days to Cover

    Extra Space Storage has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Extra Space Storage has recently decreased by 8.33%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Extra Space Storage is a leading dividend payer. It pays a dividend yield of 4.19%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Extra Space Storage does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Extra Space Storage is 169.63%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Extra Space Storage will have a dividend payout ratio of 77.79% 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.
  • Percentage of Shares Shorted

    1.71% of the outstanding shares of Extra Space Storage have been sold short.
  • Short Interest Ratio / Days to Cover

    Extra Space Storage has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Extra Space Storage has recently decreased by 8.33%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Extra Space Storage has a news sentiment score of 1.02. 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 0.74 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Extra Space Storage this week, compared to 9 articles on an average week.
  • Search Interest

    Only 3 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $1,845,909.00 in company stock.

  • Percentage Held by Insiders

    Only 1.36% of the stock of Extra Space Storage is held by insiders.

  • Percentage Held by Institutions

    99.11% 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.
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EXR Stock News Headlines

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Extra Space Storage price target raised to $168 from $167 at Truist
See More Headlines

EXR Stock Analysis - Frequently Asked Questions

Extra Space Storage's stock was trading at $160.33 at the beginning of 2024. Since then, EXR shares have decreased by 8.3% and is now trading at $147.00.
View the best growth stocks for 2024 here
.

Extra Space Storage Inc. (NYSE:EXR) released its earnings results on Tuesday, October, 29th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.03 by $1.12. The business's revenue was up 10.2% on a year-over-year basis.
Read the conference call transcript
.

Top institutional investors of Extra Space Storage include State Street Corp (6.32%), Principal Financial Group Inc. (3.17%), Geode Capital Management LLC (2.67%) and Massachusetts Financial Services Co. MA (1.40%). Insiders that own company stock include Kenneth M Woolley, Samrat Sondhi, Joseph Saffire, Gwyn Goodson Mcneal, Joseph D Margolis, William N Springer, Matthew T Herrington, Diane Olmstead and Joseph J Bonner.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Extra Space Storage investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Exxon Mobil (XOM) and Costco Wholesale (COST).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Last Earnings
10/29/2024
Ex-Dividend for 12/31 Dividend
12/16/2024
Today
12/22/2024
Dividend Payable
12/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
30225T10
Employees
7,618
Year Founded
1977

Price Target and Rating

Average Stock Price Target
$173.08
High Stock Price Target
$204.00
Low Stock Price Target
$141.00
Potential Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Net Income
$803.20 million
Pretax Margin
27.27%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$6.00 per share
Book Value
$72.96 per share

Miscellaneous

Free Float
209,101,000
Market Cap
$31.16 billion
Optionable
Optionable
Beta
0.89

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This page (NYSE:EXR) was last updated on 12/22/2024 by MarketBeat.com Staff
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