WallStreetZenWallStreetZen

How to Buy Extra Space Storage Stock

Extra Space Storage Inc

Extra Space Storage is a industrial REIT company located in Utah, United States, which is part of the Real Estate sector, and is traded under the ticker EXR on the NYSE exchange.

Extra Space Storage stock last closed at $151.29, up 1% from the previous day, and has increased 4.07% in one year. It has overperformed other stocks in the REIT - Industrial industry by 0.05 percentage points. Extra Space Storage stock is currently +49.51% from its 52-week low of $101.19, and -8.3% from its 52-week high of $164.99.

There are currently 211.73M EXR shares outstanding. The market cap of EXR is $32.03B. In the last 24 hours, 1M EXR shares were traded.

How to Buy Extra Space Storage Stock

Wondering how to invest in Extra Space Storage stock? Here's how.
  1. Figure out where to buy Extra Space Storage stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Extra Space Storage stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Choose your payment method and add your information.
  4. Research Extra Space Storage stock: The Extra Space Storage ticker symbol is EXR. Is Extra Space Storage stock a good investment? Should you buy shares of EXR? How do EXR's underlying business fundamentals look? Do top analysts think Extra Space Storage is a good buy? Why has EXR's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if EXR is a good stock to buy).
  5. Place your EXR trade: Decide if you will purchase EXR shares at the current market price or use a limit order to buy EXR stock at a particular price.
  6. Keep tabs on your EXR position: Create a watchlist to track your position in Extra Space Storage shares.

Step 1: Figure out where to buy Extra Space Storage stock

You need a brokerage account in order to access the NYSE market and buy EXR stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our experience, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to global markets: From Technology to Financial Services, New York to Tokyo — you can fill your portfolio with stocks from the globe's top exchanges.
  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

Get $10 towards your share purchase by opening an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Create your brokerage account

Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to buy EXR stock today.

How to Set Up a New Brokerage Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal data to create a new trading account.
  1. Send your application by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your investment account

Now that you've created your account on stock market apps, you need to deposit funds:

Check out this video walkthrough to see the process of transferring funds into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Extra Space Storage stock

Once you have decided on the best place to buy Extra Space Storage stock, it's critical to evaluate their stock prior to investing, so you truly understand the risk and opportunity.

Overview of key EXR info

EXR Price
$151.29
1w %
2.18%
1y %
4.07%
5y %
38.66%
P/E
34.15x
P/B
2.24x
P/S
11.19x
PEG
1.38x
Revenue
$2.86B
Earnings
$820.01M
Fore. Rev. Growth
6.16%
Fore. Earn. Growth
24.79%
Market Cap
$32.03B
Next Earnings
Aug 1, 2024
Next Dividend
Jun 28, 2024

Fundamentals of Extra Space Storage

WallStreetZen was designed to help everyday investors do better fundamental analysis.

You can view all of the due diligence checks on EXR's stock page.

Is EXR stock overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge EXR's fair value.

Using relative valuations measures:

  • EXR may be overvalued based on its P/E ratio of 34.15x, relative to REIT - Industrial industry P/E ratio of 30.62x
  • EXR could be overvalued based on its P/B ratio of 2.24x, relative to REIT - Industrial industry P/B ratio of 2.18x
  • EXR may be overvalued based on its PEG ratio of 1.38x

You can access more valuation research on EXR's stock here.

Is EXR a healthy company?

Positive Health Checks:

  • Total EXR debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • EXR profit margin has gone down from 43% to 28.7% in the past year.
  • EXR has a relatively high debt to equity ratio of 0.85.
  • EXR earnings of $1.32B is not sufficient to cover its interest payments.
  • EXR's operating cash flow of $1.59B allows it to safely service it's debt of $11.39B.

Is EXR stock a Buy, Hold, or Sell, according to analysts?

Out of 10 Equities analysts who give forecasts on EXR, the consensus analyst rating on Extra Space Storage is a Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent EXR Analyst Forecasts

Nicholas Yulico, a bottom 13% analyst from ScotiaBank initiates coverage on EXR with a sell rating and announces their EXR price target of $131.00, on Feb 13, 2024.

Omotayo Okusanya, a top 33% analyst from Deutsche Bank initiates coverage on EXR with a hold rating and announces their EXR price target of $141.00, on Jan 30, 2024.

Caitlin Burrows, a bottom 4% analyst from Goldman Sachs maintains EXR with a strong buy rating and raises their EXR price target from $168.00 to $187.00, on Jan 11, 2024.

Ki Bin Kim, a top 20% analyst from Truist Securities maintains EXR with a hold rating and raises their EXR price target from $138.00 to $152.00, on Dec 28, 2023.

Ronald Kamdem, a top 18% analyst from Morgan Stanley upgrades EXR to a hold rating and raises their EXR price target from $115.00 to $150.00, on Dec 21, 2023.

You can dig deeper into what analysts are forecasting on the Extra Space Storage stock forecast page.

EXR Momentum

SMA10
146.4
SMA20
146.91
SMA50
143.03
SMA100
143.31
SMA200
136.77
MACD
1.67
MACD Signal
1.19
MACD Histogram
0.48
RSI
63.15
Stochastic %K
86.95
Stochastic %D
79.02
StochRSI %K
91.91
StochRSI %D
81.07

EXR Growth Numbers

Last year, EXR earnings were $820.01M. During the last 5 year, EXR's earnings have gone up by 5.94% per year. This was slower than the REIT - Industrial industry average of 7.91%.

Last year, EXR revenue was $2.86B. During the last five year, EXR's revenue has increased by 18.5% per year. This was slower than the REIT - Industrial industry average of 18.85%.

Learn more about EXR's earnings and revenue performance here.

Latest Insiders Trades at EXR

In the last 12 months, insiders at EXR have bought more shares than they have sold.

Joseph J. Bonner, Director of EXR, was the latest EXR insider to sell. They sold $100,344.94 worth of EXR shares on Jun 7, 2024.

Get more info about who owns EXR stock here.

Does EXR provide a stable income stream?

Extra Space Storage pays a dividend of 4.28%, compared to the REIT - Industrial industry's average dividend yield of 3.95%. If you owned $1,000 of EXR stock, you would have been paid $42.83 in the past 12 months.

Extra Space Storage dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more data about Extra Space Storage dividend yield and history here.

Get analysis from other investors

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Place your EXR trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular price, place a limit order.

Hit the Open Trade button and eToro will place your order.

If you want additional info about buying stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Keep tabs on your EXR position

Now that you own some shares in EXR, you'll want to stay up-to-date on your shares.

Create a watchlist to get notified of important updates regarding your EXR stock.

EXR Feed

How to Buy Stock in Extra Space Storage

To reiterate, here are the 6 steps to buy stock in Extra Space Storage:

  1. Figure out where to buy Extra Space Storage stock
  2. Create your brokerage account
  3. Deposit money your investment account
  4. Research Extra Space Storage stock
  5. Place your EXR trade
  6. Keep tabs on your EXR position

If you require a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your new investment in Extra Space Storage, get started below.

NYSE: EXR
$151.29+1.50 (+1%)
Updated Jun 11, 2024
Open eToro Account
NYSE: EXR
$151.29+1.50 (+1%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Extra Space Storage share?

As of Jun 11, 2024, it costs $151.29 to buy one share of Extra Space Storage stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.661 shares of EXR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Extra Space Storage stock?

According to 10 Wall Street analysts who monitor Extra Space Storage, their consensus recommendation is to buy Extra Space Storage stock.

What is the best way to buy Extra Space Storage stock?

One way to place an order for Extra Space Storage stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.