EXR - Extra Space Storage Inc.

NYSE - NYSE Delayed Price. Currency in USD
103.34
+1.88 (+1.85%)
At close: 4:00PM EDT
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Bullishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close101.46
Open103.96
Bid103.48 x 1200
Ask103.88 x 1300
Day's Range103.09 - 106.37
52 Week Range72.70 - 124.46
Volume1,056,233
Avg. Volume1,365,714
Market Cap13.34B
Beta (5Y Monthly)0.20
PE Ratio (TTM)32.61
EPS (TTM)3.17
Earnings DateJul 28, 2020 - Aug 03, 2020
Forward Dividend & Yield3.60 (3.55%)
Ex-Dividend DateJun 12, 2020
1y Target Est96.36
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-24% Est. Return
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  • Thomson Reuters StreetEvents

    Edited Transcript of EXR earnings conference call or presentation 7-May-20 5:00pm GMT

    Q1 2020 Extra Space Storage Inc Earnings Call

  • Extra Space Storage Inc. Announces 2nd Quarter 2020 Dividend
    PR Newswire

    Extra Space Storage Inc. Announces 2nd Quarter 2020 Dividend

    Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a quarterly dividend of $0.90 per share on the common stock of the Company for the second quarter 2020. The dividend is payable on June 30, 2020 to stockholders of record at the close of business on June 15, 2020.

  • Barrons.com

    The Dow Can’t Hang On — and REITs Are Getting Crushed

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  • Extra Space Storage Inc (EXR) Q1 2020 Earnings Call Transcript
    Motley Fool

    Extra Space Storage Inc (EXR) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Extra Space Storage Inc (NYSE: EXR)Q1 2020 Earnings CallMay 8, 2020, 9:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.

  • Extra Space Storage (EXR) Beats on Q1 FFO, Suspends View
    Zacks

    Extra Space Storage (EXR) Beats on Q1 FFO, Suspends View

    Extra Space Storage (EXR) registers growth in same-store revenues in Q1 on solid occupancy and net rental rates but withdraws current-year guidance on the coronavirus crisis.

  • Extra Space Storage (EXR) Q1 FFO Top Estimates
    Zacks

    Extra Space Storage (EXR) Q1 FFO Top Estimates

    Extra Space Storage (EXR) delivered FFO and revenue surprises of 3.33% and -0.12%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • REITs to Watch for Q1 Earnings on May 6: AVB, ESS, MAA & More
    Zacks

    REITs to Watch for Q1 Earnings on May 6: AVB, ESS, MAA & More

    As the underlying asset categories and location of properties play a crucial role in determining REITs' performance, not all REIT types were equally challenged by the coronavirus pandemic in Q1.

  • Why Extra Space Storage (EXR) Might Surprise This Earnings Season
    Zacks

    Why Extra Space Storage (EXR) Might Surprise This Earnings Season

    Extra Space Storage (EXR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Factors to Impact Extra Space Storage's (EXR) Q1 Earnings
    Zacks

    Factors to Impact Extra Space Storage's (EXR) Q1 Earnings

    While Extra Space Storage (EXR) Q1 results will likely reflect gains from high brand value and solid presence in key cities, development boom and high marketing expenses might have played spoilsport.

  • The 7 Best Stocks to Buy for an Income-Rich Retirement
    Kiplinger

    The 7 Best Stocks to Buy for an Income-Rich Retirement

    Portfolio manager Ned Davis studied the returns of S&P; 500 stocks from 1972 to 2004. His goal? To figure out what the best stocks to buy were over this 33-year period.Davis concluded that if you bought dividend stocks whose companies grew the dividends paid to shareholders over the 33 years, you'd have achieved an annual return of 10.6%, 3.3% better than dividend-paying stocks that didn't increase their yields over the same period.More importantly, Davis's study revealed that dividend growers outperformed non-income-paying stocks by 630 basis points. The moral of the story? If you want to have an income-rich retirement, you've got to have a diversified basket of dividend stocks that will deliver both capital appreciation and income growth.For the purposes of this article, we're going to recommend the seven best stocks to buy to meet or exceed the returns from the S&P; 500 to help you do that.Prices and data are from the original InvestorPlace story published on March 29, 2017. Click on ticker-symbol links in each slide for current prices and more. SEE ALSO FROM KIPLINGER: 12 Dividend Aristocrats for Every Month of the Year

  • Barrons.com

    A Huge Pension Sold Bank of America and JPMorgan Stocks. But There Are 2 REITs It’s Buying.

    Dutch pension giant PGGM made big changes as the coronavirus pandemic upended markets in the first quarter. It sold all its JPMorgan stock and bought up shares of Prologis and Extra Space.

  • Why Extra Space Storage Inc. (NYSE:EXR) Looks Like A Quality Company
    Simply Wall St.

    Why Extra Space Storage Inc. (NYSE:EXR) Looks Like A Quality Company

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2020 Results
    PR Newswire

    Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2020 Results

    Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three months ended March 31, 2020 on Wednesday, May 6, 2020 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Thursday, May 7, 2020 to discuss its financial results. Hosting the call will be Extra Space Storage's CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President and CFO.

  • 3 Things to Watch as We Wait for the Bull Market
    InvestorPlace

    3 Things to Watch as We Wait for the Bull Market

    The market has continued to show robust signs of life over the last week, including a big push to the upside on Monday and a great open on Tuesday. Are we back to a bull market?Source: Shutterstock We have noted previously that, while big moves to the upside are better than some of the alternatives, we really want to see a calm market before getting too excited.Bull markets tend to move slowly. The average price range in a bull market will fall week after week. It seems counterintuitive, but fast markets are most often associated with bearish crashes and bull traps -- brief rallies followed by a crash.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, we want to be careful and look at all the evidence before taking on too much risk. Watch the Bond MarketOne of the challenges we have right now is limited information from the bond market. We were stuck in a similar situation from 2009 to 2012.The Federal Reserve was using a heavy hand to push the bond market around and drive interest rates lower. If the distributed influence of many traders isn't the dominant factor in the bond market, we can't really tell whether investors are becoming more confident or whether the Fed is just on a buying spree on a given day. * 7 Penny Stocks To Buy with Massive Upside Potential For example, you may have recently seen daily headlines that run something like this: "Stocks Rise while Bonds Fall," which would normally be a good thing.The problem is that the Fed has pushed rates so low that a 10-basis point move -- a basis point is one-one hundredth of a percentage point -- on the 10-year Treasury bond yield represents a 14% change. That sounds large, but a change of the same magnitude would have barely been a blip for bond traders last year.As you can see in the chart of the CBOE 10-Year Treasury Note Yield Index (TNX) below, bond yields had been warning of a fragile market last year -- something we pointed out several times -- as they were falling.Source: Charts by TradingView Daily Chart of the TNX and the S&P 500 (SPX)Yes, the decline has ended, but yield levels are still low enough that we can't really consider this as "confirmation" of the rally as implied by the major indexes. Investors Should Embrace FlexibilityFortunately, option traders can be flexible about adding risk to their portfolio. With us, it's not all-in or all-out as we wait on a bull market to return.For example, we have made some modifications to our current strategy this week by buying back some of the short calls we sold for a tidy profit and leaving three more of our long-stock positions "uncovered" so we don't get called out.Our tentative plan at this point is to sell more calls once we start to detect more resistance in the market.We have also added a little risk in the form of short puts on Extra Space Storage (NYSE:EXR). The storage unit business benefits from the four Ds (divorce, downsizing, death, dislocation), which are likely to be ongoing issues for the U.S. economy through the summer and fall.Additionally, dividend yields from real estate investment trusts (REITs) like EXR are attractive when interest rates are low -- despite what the headlines might otherwise suggest.So, although a short put is a bullish trade, we are focused on a stock that should remain very defensive if the market gets choppy again. What the Covid-19 News MeansAs we wrote in March, the market is likely to turn the corner before the economy does, once we know more about the trends of viral infections, hospitalizations and deaths.The good news this week has included reports that hospitalization rates in New York and New Jersey are leveling off, though deaths sadly, have spiked to new records.Now, we are worried about when the hospitalization trends in Latin America, the U.S. Midwest and much of India will start to peak. We don't know enough to be able to make solid estimates yet, so we have a cautious outlook.As we pointed out last week, the sector rotation in the market makes this look like a normal economic cycle. Safe-haven sectors have lost less and gained more while basic materials, financials, industrials and retail dropped the most. We want to see those sectors switch places when the market rallies if a bull market is coming.From a technical perspective, we would expect these positive changes to be signaled by a break above resistance among risky small-cap stocks. As you can see in the following chart, the Russell 2000 small-cap index is near a breakout point already.Source: Charts by TradingView Daily Chart of the Russell 2000 IndexA confirmed move above 1,180 would add weight to the argument that investors have found a bottom and are ready to start buying consistently. The Bottom Line on the Bull Market's ReturnThe news about trends in Covid-19 hospitalizations and deaths will drive the market. That will likely be the case for the next several weeks. However, this is also the start of first-quarter earnings season. The banks will start reporting in the middle of next week.No one expects big surprises, but the outlook could help change sentiment for the better. Consider, for example, the big boost Nike (NYSE:NKE) got from its positive outlook on March 24. Earnings season could turn against us again if more companies choose the route taken by FedEx (NYSE:FDX) last month and wind up suspending their guidance.For now, we recommend selling option premium when prices rally and leaving long-stock positions uncovered when momentum is positive. We think volatility will remain high enough to justify rolling out our short calls again in the short term.This is probably not the point where we enter a new long-term bull market, but a price channel or consolidation -- a tight trading range after a decline -- looks more likely, which good for option sellers.John Jagerson & Wade Hansen are just two guys with a passion for helping investors gain confidence -- and make bigger profits with options. In just 15 months, John & Wade achieved an amazing feat: 100 straight winners -- making money on every single trade. If that sounds like a good strategy, go here to find out how they did it. John & Wade do not own the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 3 Things to Watch as We Wait for the Bull Market appeared first on InvestorPlace.

  • Income from the Four Ds with Extra Space Storage
    InvestorPlace

    Income from the Four Ds with Extra Space Storage

    The storage business is said to thrive off the four Ds: Divorce, Downsizing, Dislocation, and Death. It's looking like we will see plenty of those during the next few months, so it's time to generate income with a put write on Extra Space Storage (NYSE:EXR).We don't want to minimize the problems in the current economic environment, but we also don't want to miss a good opportunity to maximize our potential returns over the next few months. Why is Storage so Appealing?The average storage company is organized as a Real Estate Investment Trust (REIT), which is a special kind of stock that passes along most of its net-income to shareholders in the form of ordinary dividends. This makes these stocks attractive during a period of low interest rates like the one we are experiencing right now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, unlike normal companies, a passthrough entity like a REIT requires a little more specialized analysis. For example, if you own a bunch of real estate assets, the way you recognize depreciation and amortization expenses for tax and reporting purposes doesn't make much sense. Real estate tends to appreciate in value even if it is being "expensed" over time on the income statement.Additionally, a REIT may sell real estate for a gain, which can distort net income with inconsistent bursts of cash flow that aren't sustainable. However, while we can't use normal measures like earnings, we can monitor funds from operations (FFO). FFO adds back in depreciation and amortization and removes income associated with property sales.We like EXR for our trade because its FFO trends are consistently positive. Other measures we monitor, like same-site sales and operating margins, have been similarly positive.Those numbers are lagging, so there will be some disruptions this summer, but we think the general trend will motivate buyers to continue moving in. Where Should you get in EXR?From a technical perspective, the $92-$96 range is right in the middle of a long-term inflection point, which is where we would expect buyers to move in again. That means a strike around $95 is at lower risk of exercise going forward.Still, we don't want to be in this trade longer than we have to. Early to mid-May expirations are probably best.Daily Chart of Extra Space Storage (EXR) -- Chart Source: TradingViewWe have used a similar put write strategy on Life Storage, Inc. (NYSE:LSI) and Public Storage (NYSE:PSA), which are in the same sector, over the last two years. We've found that selling puts as storage stocks are rising works out well.As long as interest rates remain low, which looks likely, we feel that investors will be attracted by EXR's dividend yield of 3.6%, which should further strengthen these key support levels.InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.The post Income from the Four Ds with Extra Space Storage appeared first on InvestorPlace.

  • Hedge Funds Were Dumping Extra Space Storage, Inc. (EXR) Before The Coronavirus
    Insider Monkey

    Hedge Funds Were Dumping Extra Space Storage, Inc. (EXR) Before The Coronavirus

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Extra Space Storage Announces Executive Leadership Transition
    PR Newswire

    Extra Space Storage Announces Executive Leadership Transition

    Extra Space Storage Inc. (NYSE: EXR) (the "Company") announced today that effective June 30, 2020, James Overturf, the Company's Executive Vice President and Chief Marketing Officer, will retire. Mr. Overturf has spent 21 years in various roles with Extra Space Storage and is a highly respected member of the Company's executive team. Upon retirement, Mr. Overturf will devote significant attention to family and philanthropic endeavors.

  • Thomson Reuters StreetEvents

    Edited Transcript of EXR earnings conference call or presentation 19-Feb-20 6:00pm GMT

    Q4 2019 Extra Space Storage Inc Earnings Call

  • Extra Space Storage Inc. to Present at Citi 2020 Global Property CEO Conference
    PR Newswire

    Extra Space Storage Inc. to Present at Citi 2020 Global Property CEO Conference

    Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's Chief Executive Officer, Joe Margolis, is scheduled to participate in a roundtable presentation at the Citi 2020 Global Property CEO Conference in Hollywood, FL.

  • Extra Space Storage Inc. Reports 2019 Fourth Quarter and Year-End Results
    PR Newswire

    Extra Space Storage Inc. Reports 2019 Fourth Quarter and Year-End Results

    Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P; 500, announced operating results for the three months and year ended December 31, 2019.

  • Factors to Impact Extra Space Storage (EXR) in Q4 Earnings
    Zacks

    Factors to Impact Extra Space Storage (EXR) in Q4 Earnings

    While Extra Space Storage (EXR) Q4 results will likely reflect gains from high brand value and solid presence in key cities amid healthy self-storage space demand, development boom remains a concern.

  • Extra Space Storage Inc. Announces 1st Quarter 2020 Dividend
    PR Newswire

    Extra Space Storage Inc. Announces 1st Quarter 2020 Dividend

    Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a quarterly dividend of $0.90 per share on the common stock of the Company for the first quarter 2020. The dividend is payable on March 31, 2020 to stockholders of record at the close of business on March 16, 2020.

  • Does Extra Space Storage's (NYSE:EXR) Share Price Gain of 72% Match Its Business Performance?
    Simply Wall St.

    Does Extra Space Storage's (NYSE:EXR) Share Price Gain of 72% Match Its Business Performance?

    Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking...

  • Near-Term Outlook Bleak for Equity REIT Stocks
    Zacks

    Near-Term Outlook Bleak for Equity REIT Stocks

    Near-Term Outlook Bleak for Equity REIT Stocks

  • Extra Space Storage Inc. Announces Tax Reporting Information for 2019 Distributions
    PR Newswire

    Extra Space Storage Inc. Announces Tax Reporting Information for 2019 Distributions

    Extra Space Storage Inc. (NYSE:EXR) (the "Company") announced today the tax allocations of the Company's 2019 dividend distributions on its common stock. The allocations, as they will be reported on Form 1099-DIV, are as follows for common shares CUSIP 30225T102: