Extra Space Storage Inc (NYSE:EXR) Receives $147.73 Consensus PT from Analysts

Extra Space Storage Inc (NYSE:EXR) has earned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $147.7333.

A number of analysts have recently weighed in on the company. UBS Group upped their target price on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Raymond James Financial initiated coverage on Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price target for the company. Royal Bank Of Canada upped their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, July 30th.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $147.98 on Wednesday. Extra Space Storage has a 12 month low of $125.71 and a 12 month high of $158.88. The stock’s 50 day moving average is $147.45 and its 200-day moving average is $143.48. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $31.26 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 4.26 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period last year, the firm earned $2.05 earnings per share. Extra Space Storage’s revenue for the quarter was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Equities research analysts expect that Extra Space Storage will post 8.31 EPS for the current year.

Insider Activity at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at $3,334,263,000. Cohen & Steers Inc. raised its stake in Extra Space Storage by 13.4% during 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 buying an additional 1,888,763 shares during the last quarter. State Street Corp raised its stake in Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after buying an additional 230,697 shares during the last quarter. Norges Bank acquired a new position in Extra Space Storage in the fourth quarter valued at $1,219,606,000. Finally, Capital International Investors lifted its holdings in Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after buying an additional 2,658,947 shares during the period. 99.11% of the stock is currently owned by institutional investors.

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.