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 $132.74, up 0.21% from the previous day, and has decreased 12.8% in one year. It has underperformed other stocks in the REIT - Industrial industry by 0.05 percentage points. Extra Space Storage stock is currently +31.18% from its 52-week low of $101.19, and -19.55% from its 52-week high of $164.99.
There are currently 211.57M EXR shares outstanding. The market cap of EXR is $28.08B. In the last 24 hours, 1.22M EXR shares were traded.
How to Buy Extra Space Storage Stock
Wondering how to invest in Extra Space Storage stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your payment method and add your information.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
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- 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.
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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.
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
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 undervalued based on its P/E ratio of 28x, relative to REIT - Industrial industry P/E ratio of 28.4x
- EXR could be undervalued based on its P/B ratio of 1.95x, relative to REIT - Industrial industry P/B ratio of 2.04x
- EXR may be undervalued based on its PEG ratio of 0.94x
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 44.7% to 31.4% in the past year.
- EXR has a relatively high debt to equity ratio of 0.84.
- EXR earnings of $1.24B is not sufficient to cover its interest payments.
- EXR's operating cash flow of $1.40B allows it to safely service it's debt of $11.25B.
Is EXR stock a Buy, Hold, or Sell, according to analysts?
Out of 11 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
Omotayo Okusanya, a bottom 49% 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 5% 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 21% 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.
Steve Manaker, a top 22% analyst from Stifel Nicolaus maintains EXR with a strong buy rating and lowers their EXR price target from $185.00 to $165.00, on Nov 8, 2023.
You can dig deeper into what analysts are forecasting on the Extra Space Storage stock forecast page.
EXR Momentum
EXR Growth Numbers
Last year, EXR earnings were $803.20M. During the last 5 year, EXR's earnings have gone up by 7.58% per year. This was faster than the REIT - Industrial industry average of 7.04%.
Last year, EXR revenue was $2.56B. During the last five year, EXR's revenue has increased by 16.43% per year. This was slower than the REIT - Industrial industry average of 18.68%.
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.
Matthew T. Herrington, EVP COO of EXR, was the latest EXR insider to sell. They sold $23,038.18 worth of EXR shares on Apr 1, 2024.
Get more info about who owns EXR stock here.
Does EXR provide a stable income stream?
Extra Space Storage pays a dividend of 4.88%, compared to the REIT - Industrial industry's average dividend yield of 4.21%. If you owned $1,000 of EXR stock, you would have been paid $48.82 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
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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:
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:
- Figure out where to buy Extra Space Storage stock
- Create your brokerage account
- Deposit money your investment account
- Research Extra Space Storage stock
- Place your EXR trade
- Keep tabs on your EXR position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Extra Space Storage, get started below.
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