Extra Space Storage
About: Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
Employees: 7,618
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
330% more call options, than puts
Call options by funds: $62.3M | Put options by funds: $14.5M
38% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 11 (+3) [Q3]
18% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 72
10% more capital invested
Capital invested by funds: $32.4B [Q2] → $35.7B (+$3.28B) [Q3]
2% more funds holding
Funds holding: 739 [Q2] → 752 (+13) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 258 | Existing positions reduced: 271
4.11% less ownership
Funds ownership: 98.69% [Q2] → 94.59% (-4.11%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$167
14%
upside
Avg. target
$174
18%
upside
High target
$192
31%
upside
5 analyst ratings
1 positive
20%
3 neutral
60%
1 negative
20%
Truist Securities Ki Bin Kim 48% 1-year accuracy 19 / 40 met price target | 14%upside $168 | Hold Maintained | 5 Dec 2024 |
Scotiabank Nicholas Yulico 43% 1-year accuracy 15 / 35 met price target | 14%upside $167 | Sector Underperform Maintained | 25 Nov 2024 |
Barclays Brendan Lynch 33% 1-year accuracy 10 / 30 met price target | 31%upside $192 | Overweight Maintained | 28 Oct 2024 |
Wells Fargo Eric Luebchow 62% 1-year accuracy 26 / 42 met price target | 19%upside $175 | Equal-Weight Downgraded | 21 Oct 2024 |
Evercore ISI Group Steve Sakwa 45% 1-year accuracy 24 / 53 met price target | 14%upside $168 | In-Line Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 8 articles about EXR published over the past 30 days
Positive
Seeking Alpha
1 week ago
Goldilocks Data Upholds Fed Cut
U.S. equity markets climbed to fresh record-highs this week, while benchmark interest rates ticked lower, after a critical slate of employment data showed lukewarm labor market trends in November. Viewed as a "Goldilocks" report that effectively locked in a December rate cut, payrolls data showed solid "headline" job growth of 227k in November, but notably weaker trends under the surface. Posting gains for a third straight week to extend its post-election rally to around 7%, the S&P 500 advanced another 0.9% this week - pacing for its best year since 2019.
Positive
Zacks Investment Research
2 weeks ago
Should Extra Space Storage Stock be Retained in Your Portfolio Now?
EXR gains from high brand value, strategic buyouts, favorable demographics and a healthy balance sheet. Lower new customer rates and high unit supply ail.
Positive
Seeking Alpha
2 weeks ago
Escape The 9-5 Grind: 3 Terrific Dividend Stocks To Fuel Your Financial Freedom
Many people, especially under 45, are falling behind in retirement savings due to financial crises, student debt, and high living expenses. Investing is crucial to combat inflation and benefit from stock market gains, even if it requires significant sacrifices. Index funds like the S&P 500 or high-quality dividend ETFs are recommended for most investors, but knowledgeable investors might consider specific dividend stocks.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Neutral
PRNewsWire
2 weeks ago
Extra Space Announces Pricing of $300 Million Add-On Offering of 5.700% Senior Notes due 2028
SALT LAKE CITY , Dec. 2, 2024 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $300 million aggregate principal amount of additional 5.700% senior notes due 2028 (the "Notes"). The Notes will be issued as additional notes under the indenture pursuant to which the operating partnership previously issued $500 million of 5.700% senior notes due 2028 (the "Initial Notes").
Positive
The Motley Fool
3 weeks ago
3 Great Dividend Stocks to Buy for Those With $175 or Less to Invest
One of the many great things about investing in dividend stocks is that they don't typically cost a lot of money, making it easy for beginners to get started. Meanwhile, you can routinely buy more shares as you have additional cash to invest, enabling you to steadily grow your dividend income.
Positive
Seeking Alpha
3 weeks ago
Home For The Holidays
U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe. Following its worst week in two months, the S&P 500 advanced 1.7% this week - effectively erasing last week's 2% declines and extending its post-election gains to around 5%. Real estate equities - which lagged in two post-election weeks amid a rebound in interest rates - were among the leaders this week following an encouraging slate of REITworld updates.
Neutral
Business Wire
4 weeks ago
U-Haul Acquires Former Extra Space Storage Facility in Minneapolis
MINNEAPOLIS--(BUSINESS WIRE)--U-Haul® announced it is serving customers at a fourth retail, moving and storage center in Minneapolis – its 39th Company store in the North Star State. U-Haul Moving & Storage at West River Road at 1717 W. River Road N. opened under U-Haul management on Nov. 19 after being acquired on Nov. 18. The two-story building sits on 2.63 acres and was previously an Extra Space Storage® business. It houses a variety of 975 indoor climate-controlled and heated self-stora.
Neutral
PRNewsWire
1 month ago
Extra Space Storage Inc. Announces $1 Billion Commercial Paper Note Program
SALT LAKE CITY , Nov. 20, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has established an unsecured commercial paper note program in the United States. Under the terms of the program, the operating partnership may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any one time of $1 billion.
Neutral
PRNewsWire
1 month ago
Extra Space Storage Inc. Announces 4th Quarter 2024 Dividend
SALT LAKE CITY , Nov. 15, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a fourth quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 31, 2024, to stockholders of record at the close of business on December 16, 2024.
Charts implemented using Lightweight Charts™