Extra Space Storage (EXR) to Release Quarterly Earnings on Tuesday

Extra Space Storage (NYSE:EXR) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Tuesday, April 29th. Analysts expect Extra Space Storage to post earnings of $1.98 per share and revenue of $705.12 million for the quarter. Extra Space Storage has set its FY 2025 guidance at 8.000-8.300 EPS.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.93. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The firm had revenue of $821.90 million for the quarter, compared to the consensus estimate of $707.34 million. On average, analysts expect Extra Space Storage to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Extra Space Storage Price Performance

Shares of NYSE:EXR opened at $138.31 on Tuesday. The firm’s 50 day moving average is $146.59 and its two-hundred day moving average is $154.91. The firm has a market capitalization of $29.35 billion, a P/E ratio of 36.21, a PEG ratio of 7.76 and a beta of 0.96. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.77. Extra Space Storage has a 52 week low of $121.03 and a 52 week high of $184.87.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.69%. The ex-dividend date was Friday, March 14th. Extra Space Storage’s payout ratio is currently 160.40%.

Insider Transactions at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total value of $1,105,875.00. Following the transaction, the chief executive officer now owns 9,190 shares in the company, valued at $1,355,065.50. This trade represents a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William N. Springer sold 1,220 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $152.66, for a total transaction of $186,245.20. Following the sale, the executive vice president now owns 20,158 shares of the company’s stock, valued at $3,077,320.28. This trade represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,392 shares of company stock valued at $1,392,315 in the last three months. Corporate insiders own 1.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EXR shares. Wells Fargo & Company lowered their price target on Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday, February 21st. Mizuho started coverage on shares of Extra Space Storage in a research report on Wednesday, April 9th. They set an “outperform” rating and a $141.00 price target on the stock. StockNews.com cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Scotiabank raised Extra Space Storage from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the stock from $165.00 to $149.00 in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Extra Space Storage in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $167.25.

About Extra Space Storage

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, DC 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.