Brokerages Set Extra Space Storage Inc (NYSE:EXR) PT at $143.67

Extra Space Storage Inc (NYSE:EXR) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $143.9333.

Several analysts have recently weighed in on the company. BNP Paribas Exane raised Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price for the company in a report on Wednesday, March 18th. Scotiabank boosted their target price on Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Truist Financial reduced their target price on Extra Space Storage from $158.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price for the company. in a report on Thursday, February 5th.

Extra Space Storage Trading Up 0.0%

NYSE:EXR opened at $143.33 on Monday. The stock has a 50-day simple moving average of $139.97 and a 200-day simple moving average of $138.25. The stock has a market cap of $30.28 billion, a P/E ratio of 32.14, a P/E/G ratio of 4.66 and a beta of 1.22. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $155.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.39 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). The business had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts anticipate that Extra Space Storage will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage’s dividend payout ratio is currently 145.29%.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the completion of the sale, the chief executive officer directly owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Extra Space Storage

Large investors have recently modified their holdings of the business. Reflection Asset Management purchased a new position in shares of Extra Space Storage during the 4th quarter worth approximately $26,000. Avalon Trust Co purchased a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc raised its stake in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 80 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Extra Space Storage during the 1st quarter worth approximately $30,000. 99.11% of the stock is owned by hedge funds and other 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.