Analysts Set Extra Space Storage Inc (NYSE:EXR) PT at $146.27

Shares of Extra Space Storage Inc (NYSE:EXR) have been given an average rating of “Hold” by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $146.5333.

A number of equities analysts have recently commented on the company. Mizuho raised their price objective on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Barclays boosted their price objective on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th.

Extra Space Storage Stock Performance

Shares of EXR opened at $147.77 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 4.50 and a beta of 1.19. The company’s 50 day simple moving average is $145.72 and its 200 day simple moving average is $142.67. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $155.19.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts predict that Extra Space Storage will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $1.62 dividend. The ex-dividend date was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. Extra Space Storage’s payout ratio is currently 145.29%.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president directly owned 37,374 shares of the company’s stock, valued at $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

A number of hedge funds and other institutional investors have recently made changes to their positions in EXR. Norges Bank acquired a new stake in shares of Extra Space Storage during the 4th quarter valued at approximately $1,219,606,000. Capital International Investors lifted its stake in Extra Space Storage by 73.9% during the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock worth $814,746,000 after purchasing an additional 2,658,947 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Extra Space Storage by 900.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock worth $308,348,000 after purchasing an additional 1,969,013 shares during the period. Cohen & Steers Inc. boosted its holdings in Extra Space Storage by 13.4% in the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock worth $2,080,971,000 after purchasing an additional 1,888,763 shares during the period. Finally, Resolution Capital Ltd increased its stake in Extra Space Storage by 116.2% during the second quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust’s stock valued at $287,632,000 after purchasing an additional 1,048,685 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

About Extra Space Storage

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.