Analysts Set Extra Space Storage Inc (NYSE:EXR) Price Target at $151.86

Shares of Extra Space Storage Inc (NYSE:EXR) have received an average rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $152.2857.

EXR has been the subject of several recent analyst reports. Mizuho upped their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Bank of America downgraded shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price on the stock. in a report on Thursday, February 5th. Barclays upped their target price on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Wells Fargo & Company lifted their price target on shares of Extra Space Storage from $148.00 to $154.00 and gave the company an “overweight” rating in a report on Monday. Finally, BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a report on Wednesday, March 18th.

Insiders Place Their Bets

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the firm’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 transaction, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Reflection Asset Management bought a new stake in Extra Space Storage in the fourth quarter worth $26,000. Avalon Trust Co purchased a new position in shares of Extra Space Storage in the 3rd quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extra Space Storage in the 3rd quarter worth about $28,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Extra Space Storage in the 1st quarter worth about $30,000. Finally, Rosenberg Matthew Hamilton raised its position in shares of Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 217 shares in the last quarter. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Trading Up 2.0%

Shares of Extra Space Storage stock opened at $145.87 on Friday. Extra Space Storage has a fifty-two week low of $125.71 and a fifty-two week high of $155.19. 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 $30.82 billion, a P/E ratio of 32.71, a P/E/G ratio of 4.65 and a beta of 1.20. The company has a fifty day moving average of $140.13 and a 200 day moving average of $138.77.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts anticipate that Extra Space Storage will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

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

Extra Space Storage Company Profile

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.