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Extra Space Storage

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.

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Joseph Margolis, Chief Executive Officer at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), executed a substantial insider sell on July 3, according to an SEC filing.
What Happened: Margolis's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024031194//Archives/edgar/data/1289490/000162828024031194/0001628280-24-031194-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled the sale of 7,500 shares of Extra Space Storage. The total transaction value is $1,144,350.
In the Thursday's morning session, Extra Space Storage's shares are currently trading at $154.2, experiencing a up of 0.31%.
<h3>Delving into Extra Space Storage's Background</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Unraveling the Financial Story of Extra Space Storage</h3>
Revenue Growth: Extra Space Storage displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 58.94%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 72.11%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.01.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.8.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 35.83 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 10.14 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 21.77, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Sell Alert: Joseph Margolis Cashes Out $1.14M In Extra Space Storage Stock

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Shares of REIT stocks are trading higher amid a drop in Treasury yields following soft May CPI figures.

Self-storage center real estate investment trusts (REITs) are companies that specialize in owning and operating income-generating storage facilities, commonly known as self-storage centers. Self-store center REITs invest in properties where individuals and businesses can rent space to store their belongings, such as furniture, household items, business inventory, and vehicles of all types.
Investors in self-storage center REITs benefit from the income generated through leasing storage units to tenants. The demand for self-storage has been driven by various factors, including residential moves, downsizing, and businesses seeking additional space.
If you're interested in investing in a self-storage REIT, here are two you could buy today.
<h2 class="wp-block-heading">Public Storage</h2>
Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) is a leading owner, operator, and developer of self-storage facilities in the United States. Its portfolio currently consists of <a href="https://s1.q4cdn.com/588671402/files/doc_financials/2023/q4/Company-Update-Mar-24-vF.pdf">3,368 properties</a> containing 243 million rentable square feet located across 40 states.
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Public Storage currently pays a quarterly dividend of $3.00 per share, equating to an annualized dividend of $12.00 per share, which gives its stock a yield of about 4.4% at the time of this writing. 
On top of its high yield, Public Storage has a long track record of growing its dividend. It has raised its annual dividend 12 times since 2008, and paid out a special dividend in 2022, so investors can count on it for further growth in the years ahead.
<h2 class="wp-block-heading">Extra Space Storage</h2>
Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) owns and/or operates a portfolio of <a href="https://ir.extraspace.com/static-files/8e563dc2-87a9-4f02-8850-6d195403bec2">3,714 self-storage properties</a> containing approximately 283 million square feet of rentable space across 42 states.
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Extra Space currently pays a quarterly dividend of $1.62 per share, equating to an annualized dividend of $6.48 per share, which gives its stock a yield of about 4.3% at the time of this writing.
In addition to sporting a high yield, Extra Space has an active streak of annual dividend increases. It has raised its annual dividend for 14 consecutive years, and its strong financial performance could allow this streak to continue in 2024.
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5 analysts have expressed a variety of opinions on Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $159.0, a high estimate of $160.00, and a low estimate of $157.00. Surpassing the previous average price target of $158.33, the current average has increased by 0.42%.
<img src="https://www.benzinga.com/files/images/story/2024/1717786844_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Extra Space Storage. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Smedes Rose</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$160.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$158.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jonathan Hughes</td>
<td>Raymond James</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$160.00</td>
<td>-</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$157.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Extra Space Storage. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Extra Space Storage compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Extra Space Storage's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EXR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Extra Space Storage analyst ratings.</a>
<h2>Discovering Extra Space Storage: A Closer Look</h2>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Key Indicators: Extra Space Storage's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Extra Space Storage showcased positive performance, achieving a revenue growth rate of 58.94% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.61%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Extra Space Storage's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.48%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Extra Space Storage's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.77% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.8.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

5 Analysts Have This To Say About Extra Space Storage

Citigroup analyst Smedes Rose maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Neutral and lowers the price target from $168 to $160.

Price Target

Citigroup Maintains Neutral on Extra Space Storage, Lowers Price Target to $160

A notable insider purchase on May 28, was reported by Kenneth Woolley, Board Member at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), based on the most recent SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025450//Archives/edgar/data/1289490/000162828024025450/0001628280-24-025450-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, Woolley increased their investment in Extra Space Storage by purchasing 1,402 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $199,967.
During Wednesday's morning session, Extra Space Storage shares down by 3.03%, currently priced at $138.05.
<h3>Unveiling the Story Behind Extra Space Storage</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Extra Space Storage's Economic Impact: An Analysis</h3>
Positive Revenue Trend: Examining Extra Space Storage's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 58.94% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 72.11%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.01.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.8, Extra Space Storage adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 33.18, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 9.39 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 20.58 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Eye On Growth: Kenneth Woolley Adds $199K Of Extra Space Storage Stock To Portfolio

In a recent SEC filing, it was revealed that Diane Olmstead, Director at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), made a noteworthy insider purchase on May 28,.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025453//Archives/edgar/data/1289490/000162828024025453/0001628280-24-025453-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, Olmstead increased their investment in Extra Space Storage by purchasing 1,402 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $199,967.
The latest update on Wednesday morning shows Extra Space Storage shares down by 3.03%, trading at $138.05.
<h3>Get to Know Extra Space Storage Better</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>A Deep Dive into Extra Space Storage's Financials</h3>
Positive Revenue Trend: Examining Extra Space Storage's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 58.94% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 72.11%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.01.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.8.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Extra Space Storage's P/E ratio of 33.18 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.39 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 20.58, Extra Space Storage demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Move: Diane Olmstead Invests $199K In Extra Space Storage Stock

It was revealed in a recent SEC filing that Julia Ploeg Vander, Board Member at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) made a noteworthy insider purchase on May 28,.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025461//Archives/edgar/data/1289490/000162828024025461/0001628280-24-025461-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Vander purchased 1,402 shares of Extra Space Storage. The total transaction amounted to $199,967. 
As of Wednesday morning, Extra Space Storage shares are down by 3.03%, currently priced at $138.05.
<h3>All You Need to Know About Extra Space Storage</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Key Indicators: Extra Space Storage's Financial Health</h3>
Revenue Growth: Extra Space Storage's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 58.94%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 72.11%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.01.
</li>
</ul>
Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average. With a ratio of 0.8, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 33.18 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 9.39, Extra Space Storage's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 20.58, Extra Space Storage demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Move: Julia Ploeg Vander Invests $199K In Extra Space Storage Stock

On May 28, Joseph Bonner, Director at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Bonner's recent purchase of 1,402 shares of Extra Space Storage, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025456//Archives/edgar/data/1289490/000162828024025456/0001628280-24-025456-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, reflects confidence in the company's potential. The total transaction value is $199,967.
Extra Space Storage's shares are actively trading at $138.05, experiencing a down of 3.03% during Wednesday's morning session.
<h3>About Extra Space Storage</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Key Indicators: Extra Space Storage's Financial Health</h3>
Revenue Growth: Extra Space Storage displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 58.94%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 72.11%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.01.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.8, Extra Space Storage adopts a prudent financial strategy, indicating a balanced approach to debt management.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Extra Space Storage's P/E ratio of 33.18 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.39 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 20.58 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Cracking Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Extra Space Storage Insider Trades SendAa Signal

A new SEC filing reveals that GARY CRITTENDEN, Director at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), made a notable insider purchase on May 28,.
What Happened: In a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025463//Archives/edgar/data/1289490/000162828024025463/0001628280-24-025463-index.htm">U.S. Securities and Exchange Commission</a>, it was disclosed that CRITTENDEN bought 1,402 shares of Extra Space Storage, amounting to a total of $199,967.
The latest update on Wednesday morning shows Extra Space Storage shares down by 3.03%, trading at $138.05.
<h3>Unveiling the Story Behind Extra Space Storage</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Unraveling the Financial Story of Extra Space Storage</h3>
Revenue Growth: Extra Space Storage's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 58.94%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 72.11%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 1.01.
</li>
</ul>
Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average. With a ratio of 0.8, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 33.18, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 9.39 is above industry norms, reflecting an elevated valuation for Extra Space Storage's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 20.58, Extra Space Storage demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Move: GARY CRITTENDEN Invests $199K In Extra Space Storage Stock

A new SEC filing reveals that Spencer Kirk, Board Member at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), made a notable insider purchase on May 28,.
What Happened: Kirk's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025470//Archives/edgar/data/1289490/000162828024025470/0001628280-24-025470-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, involves purchasing 1,402 shares of Extra Space Storage. The total transaction value is $199,967.
At Wednesday morning, Extra Space Storage shares are down by 3.03%, trading at $138.05.
<h3>Get to Know Extra Space Storage Better</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Key Indicators: Extra Space Storage's Financial Health</h3>
Positive Revenue Trend: Examining Extra Space Storage's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 58.94% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 72.11%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Extra Space Storage's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.01.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.8.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 33.18 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 9.39 is above industry norms, reflecting an elevated valuation for Extra Space Storage's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 20.58, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Spencer Kirk Boosts Confidence With $199K Purchase Of Extra Space Storage Stock

On May 28, Mark Barberio, Director at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025472//Archives/edgar/data/1289490/000162828024025472/0001628280-24-025472-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled that Barberio made a notable purchase of 1,402 shares of Extra Space Storage, valuing at $199,967.
Monitoring the market, Extra Space Storage's shares down by 0.81% at $141.2 during Wednesday's morning.
<h3>Discovering Extra Space Storage: A Closer Look</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Extra Space Storage: Financial Performance Dissected</h3>
Revenue Growth: Extra Space Storage's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 58.94%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 72.11%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.01, Extra Space Storage showcases strong earnings per share.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.8, Extra Space Storage adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 33.18, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 9.39 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 20.58 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Exploring the Significance of Insider Trading</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Noteworthy Insider Activity: Mark Barberio Invests $199K In Extra Space Storage Stock

On May 28, a substantial insider purchase was made by Sue Harnett, Director at Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), as per the latest SEC filing.
What Happened: Harnett's recent move, as outlined in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289490/000162828024025473//Archives/edgar/data/1289490/000162828024025473/0001628280-24-025473-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, involves purchasing 1,402 shares of Extra Space Storage. The total transaction value is $199,967.
The latest market snapshot at Wednesday morning reveals Extra Space Storage shares down by 0.81%, trading at $141.2.
<h3>Unveiling the Story Behind Extra Space Storage</h3>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Extra Space Storage: A Financial Overview</h3>
Revenue Growth: Extra Space Storage's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 58.94%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 72.11%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.01, Extra Space Storage showcases strong earnings per share.
</li>
</ul>
Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average. With a ratio of 0.8, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 33.18 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 9.39, Extra Space Storage's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 20.58, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289490">Check Out The Full List Of Extra Space Storage's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

199K Reasons To Be Bullish On Extra Space Storage Stock

6 analysts have expressed a variety of opinions on Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $157.17, with a high estimate of $160.00 and a low estimate of $150.00. This current average has increased by 1.89% from the previous average price target of $154.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1716217250_0_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Extra Space Storage. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$158.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jonathan Hughes</td>
<td>Raymond James</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$160.00</td>
<td>-</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$157.00</td>
<td>-</td>
</tr>
<tr>
<td>Jonathan Petersen</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$158.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Extra Space Storage. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Extra Space Storage compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Extra Space Storage's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Extra Space Storage's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EXR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Extra Space Storage analyst ratings.</a>
<h2>Get to Know Extra Space Storage Better</h2>
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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.
<h3>Key Indicators: Extra Space Storage's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Extra Space Storage displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 58.94%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Extra Space Storage's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 26.61%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Extra Space Storage's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.48%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Extra Space Storage's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.77%, the company showcases efficient use of assets and strong financial health.
Debt Management: Extra Space Storage's debt-to-equity ratio is below the industry average. With a ratio of 0.8, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 6 Analyst Ratings For Extra Space Storage

Barclays analyst Brendan Lynch maintains Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) with a Overweight and raises the price target from $157 to $158.

Barclays Maintains Overweight on Extra Space Storage, Raises Price Target to $158

Extra Space Storage's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) short percent of float has risen 5.95% since its last report. The company recently reported that it has 4.11 million shares sold short, which is 1.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Extra Space Storage Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715800511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Extra Space Storage has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Extra Space Storage's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Extra Space Storage's peer group average for short interest as a percentage of float is 4.08%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Extra Space Storage?

Extra Space Storage shares are trading higher after the company reported mixed Q1 financial results and issued guidance.

Guidance

Extra Space Storage Sees FY24 Core FFO $7.85-$8.15 Vs $8.05 Est.

Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.82 by 7.69 percent. This is a 2.97 percent decrease over earnings of $2.02 per share from the same period last year. The company reported quarterly sales of $688.04 million which missed the analyst consensus estimate of $712.99 million by 3.50 percent. This is a 58.55 percent increase over sales of $433.96 million the same period last year.

Earnings Beats

Earnings Misses

Extra Space Storage Q1 FFO $1.96 Beats $1.82 Estimate, Sales $688.04M Miss $712.99M Estimate

Offerings

Extra Space Storage Inc Files For Mixed Shelf Offering; Size Not Disclosed

State Of REIT Nation: Waiting At The Bottom

A Critical Cooldown

Real estate stocks edge down, while major market averages gain marginally

Dividend Champion, Contender, And Challenger Highlights: Week Of June 23

The Verdict Is Out - Here Are My 3 Favorite REITs

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Real estate investment trusts (REITs) are a unique form of stocks with broad appeal for stability-seeking income investors. REITs finance, own, and operate diverse types of income-generating real estate.



Those firms invest in everything from apartment buildings, data centers, healthcare facilities, cell towers, hotels, retail centers, warehouses and more.&nbsp;



REITs must also pay at least 90% of taxable earnings to shareholders as dividends. That high payout is the primary reason income investors like REITs so much. Generally speaking, REITs are stable income-generating assets.&nbsp;Furthermore, they tend to be highly liquid and trade easily on the open market.&nbsp;



As with any investment, REITs aren&rsquo;t without risks. They are particularly sensitive to interest rate movements, given their concentration in real estate. They also tend to focus on certain sectors, meaning sector-specific risks arise.&nbsp;



Overall, however, REITs remain one of the best stock types for income investors to consider.&nbsp;



<h2>Realty Income (O)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/realty1600-300x169.jpg" alt="realty income logo highlighted by a magnifying glass on a web browser"><div>Source: Shutterstock</div></div>Realty Income (NYSE:<a href="https://investorplace.com/stock-quotes/o-stock-quote/">O</a>) is one of the more prominent REIT stocks available and will likely be one most investors will have heard of. The company is focused on the retail sector and acquires single-unit freestanding commercial properties under long-term, net lease agreements. Realty Income&rsquo;s portfolio consists of 15,450 commercial properties leased to over 1,500 clients who operate in more than <a href="https://www.realtyincome.com/our-portfolio/portfolio-diversification-overview">89 separate industries across every U.S. state, the U.K., and six other countries in Europe</a>.&nbsp;



There are three reasons that I particularly like Realty Income at the moment. The company is projecting <a href="https://stockanalysis.com/stocks/o/">steady top and bottom line growth through 2026, at least</a>. The stock is also undervalued at the moment, meaning the dividend yield is relatively high, and there&rsquo;s upside price appreciation potential. Last of all, Realty Income provides a monthly dividend, which is relatively unique as most companies provide quarterly dividends. That gives investors more periods to compound interest and accelerate returns.



<h2>American Tower Company (AMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/amt-1600-300x169.png" alt="American Tower Corporation logo on a smartphone with the website in the background on a computer screen. AMT stock."><div>Source: T. Schneider / Shutterstock</div></div>American Tower Company (NYSE:<a href="https://investorplace.com/stock-quotes/amt-stock-quote/">AMT</a>) leases multi-tenant communications real estate primarily to wireless services providers. This particular REIT is an interesting stock for income investors who want to capitalize on an opportunity at the right time.



Share prices have fallen nearly 10% so far this year. The result is that American Tower Company shares are <a href="https://stockanalysis.com/stocks/amt/forecast/">below their low target price</a> by a few dollars. Yields are also higher as a result, but that&rsquo;s not the important point here. The important point is that timing an entrance into American Tower Company now appears possible.



The company <a href="https://www.reuters.com/business/media-telecom/american-tower-corp-raises-annual-revenue-forecast-healthy-telecom-spending-2024-04-30/">raised its annual revenue outlook</a> upon releasing earnings in late April. The confidence stems from increased spending by telecom carriers to cater to the increasing data demands of 5G services. Meanwhile, American Tower Company is seeing increasing demand for its data center leasing business due to the artificial intelligence boom.&nbsp;



The price of AMT stock is relatively low, and although REITs are generally not known to offer much price appreciation, AMT shares currently do.



<h2>Extra Space Storage (EXR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_1802495233-300x169.png" alt="Extra Space Storage (EXR) facility exterior and trademark logo."><div>Source: Ken Wolter / Shutterstock.com</div></div>Extra Space Storage (NYSE:<a href="https://investorplace.com/stock-quotes/exr-stock-quote/">EXR</a>) stock is an interesting REIT because of its finances.&nbsp;



The general rule of thumb for <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a> is that healthy payout ratios should range no higher than 55%. That 55% represents the percentage of taxable earnings returned to shareholders as dividends. Beyond 55% is deemed risky because it&rsquo;s unclear if a company can sustain that level. 



Yet, Extra Space Storage boasts a <a href="https://www.gurufocus.com/stock/EXR/dividend">payout ratio of 1.35, or 135%</a>. That would immediately raise a red flag were it not a REIT. However, in REITs, distributions are paid from operating funds representing a larger pot of money than earnings stripped of everything. Extra Space Storage paid $344 million in distributions in Q1 from $415 million in operating funds. It&rsquo;s fine. In fact, each of the stocks on this list has a payout ratio better than 100%, and some of them are even higher than EXR.



Beyond that, Extra Space Storage is projecting growth over the next two to three years at the top and bottom lines. As a result, it should continue to be steady as an overall investment.&nbsp;



<h2>Gaming and Leisure Properties (GLPI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/casino1600-300x169.jpg" alt="a room of slot machines in a casino to represent gambling stocks"><div>Source: Shutterstock</div></div>Gaming and Leisure Properties (NASDAQ:<a href="https://investorplace.com/stock-quotes/glpi-stock-quote/">GLPI</a>) is a highly attractive stock worth considering in the REIT space for income investors.



At the highest level, it really all comes down to the profitability of Gaming and Leisure Properties overall. There are many reasons why the company has become so profitable.



For one, Gaming and Leisure Properties uses triple-net leases to contract with gaming operators. That means those casino operators must essentially pay all fees related to the facility.&nbsp;



Gaming and Leisure Properties also operates in the gaming industry, which has high margins.&nbsp;



The net result is that a lot of cash is left over for investor dividends. The interesting thing is this: Even though Gaming and Leisure Properties pays a relatively low payout <a href="https://www.gurufocus.com/stock/GLPI/dividend">ratio of 1.08</a>, that still results in 6.9% yields. Yes, Gaming and Leisure Properties are a bit more risky than other choices, but there&rsquo;s a lot to like overall.



<h2>Innovative Industrial Properties (IIPR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/marijuana1600e-300x169.jpg" alt="Marijuana plants growing in a greenhouse."><div>Source: Shutterstock</div></div>Innovative Industrial Properties (NYSE:<a href="https://investorplace.com/stock-quotes/iipr-stock-quote/">IIPR</a>) leases cannabis production facilities to state-licensed operators in 19 states. The company currently owns 108 properties leased to 30 operators.



Innovative Industrial Properties shares have appreciated throughout 2024. Shares are currently priced at approximately $109, representing 9% appreciation year to date.&nbsp;



Innovative Industrial Properties is an interesting stock because it represents a chance at growth in what is usually a very slow REIT sector. The company&rsquo;s dividend has grown at an annual rate of 40.8% over the last five years, probably a product of the rapid growth within the cannabis sector at large.



The company is projected to have nearly tripled by 2025 relative to 2020 based on revenues. However, it is starting to stabilize and slow down to a degree. The company continues to provide healthy earnings growth, manifesting as price stability. As Federal legalization approaches, Innovative Industrial Properties will be an interesting REIT to watch.



<h2>Omega Healthcare Investors (OHI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/hospital_treatment_health_1600-300x169.jpg" alt="A person in silhouette faces toward a bright window while sitting at the edge of a hospital bed."><div>Source: sfam_photo / Shutterstock.com</div></div>Omega Healthcare Investors (NYSE:<a href="https://investorplace.com/stock-quotes/ohi-stock-quote/">OHI</a>) leases skilled nursing and assisted living facilities to operators. The stock has appreciated by yearly 8% in 2024 and is headed in the right direction.



Generally speaking, real estate income trusts derive the majority of their money from rental and interest income. Fortunately for Omega Healthcare Investors, rental income increased by $75.2 million throughout 2023. That was more than enough to offset a $4 million decrease in interest income and is part of the reason Omega Healthcare Investors&rsquo; stock is strong headed into the middle of 2024.&nbsp;



It&rsquo;s a particularly interesting investment for stability-seeking income investors for a few reasons. No. 1, the company last reduced its dividend in 2003. That&rsquo;s an impressive track record especially when considering that Omega Healthcare investors dividend yields 8.2% currently.&nbsp;



That combination of a long track record of stability and high-yield dividends is attractive to income investors for obvious reasons.



<h2>Four Corners Property Trust (FCPT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/Restaurant1600-300x169.jpg" alt="A person cooks something in a smoking wok"><div>Source: Shutterstock</div></div>Four Corners Property Trust (NYSE:<a href="https://investorplace.com/stock-quotes/fcpt-stock-quote/">FCPT</a>) leases restaurants and retail properties. Its portfolio consists of 1,115 properties in 47 states and 149 brands.&nbsp;



Four Corners Property Trust is an attractive retail reach to consider for the fact that its dividend yields 5.6%, which is a relatively high return. The company last reduced its dividend in <a href="https://www.gurufocus.com/stock/FCPT/dividend">2017</a> and it doesn&rsquo;t appear likely to do so again anytime soon.



Funds from operations continue to more than cover dividend distributions from the company. While that&rsquo;s almost always one of the biggest concerns of REIT investors, we must also remember that net income can be negative in companies that are healthy from an FFO to distribution perspective.



That&rsquo;s what makes Four Corners Property Trust especially intriguing. The company does produce net gains. It reported <a href="https://investors.fcpt.com/news/news-details/2024/FCPT-Announces-First-Quarter-2024-Financial-and-Operating-Results/default.aspx">$24 million in net income</a> in the first quarter.&nbsp;



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/7-must-buy-reits-for-stability-seeking-income-investors/">7 Must-Buy REITs for Stability-Seeking Income Investors</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.


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