Extra Space Storage (NYSE:EXR) Issues FY 2026 Earnings Guidance

Extra Space Storage (NYSE:EXR) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 8.250-8.400 for the period, compared to the consensus EPS estimate of 8.260. The company issued revenue guidance of -.

Extra Space Storage Trading Up 2.4%

Shares of EXR traded up $3.55 during mid-day trading on Tuesday, reaching $151.84. The stock had a trading volume of 1,962,608 shares, compared to its average volume of 1,253,431. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Extra Space Storage has a 52-week low of $125.71 and a 52-week high of $155.19. The business’s fifty day moving average is $145.90 and its 200 day moving average is $142.84. The firm has a market cap of $32.08 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 4.57 and a beta of 1.19.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. The firm had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, sell-side analysts predict that Extra Space Storage will post 8.26 EPS for the current fiscal year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.62 per share. The ex-dividend date was Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. Extra Space Storage’s dividend payout ratio (DPR) is currently 145.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. UBS Group raised their target price on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Truist Financial lifted their target price on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, June 17th. Wells Fargo & Company upped their price target on Extra Space Storage from $154.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Mizuho increased their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $146.53.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the completion of the sale, the executive vice president owned 37,374 shares in the company, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Extra Space Storage in the 4th quarter valued at $410,000. Invesco Ltd. boosted its holdings in Extra Space Storage by 3.1% during the 4th quarter. Invesco Ltd. now owns 3,051,693 shares of the real estate investment trust’s stock valued at $397,391,000 after acquiring an additional 91,022 shares during the period. Vident Advisory LLC boosted its holdings in Extra Space Storage by 192.9% during the 4th quarter. Vident Advisory LLC now owns 25,218 shares of the real estate investment trust’s stock valued at $3,284,000 after acquiring an additional 16,609 shares during the period. First Citizens Bank & Trust Co. grew its position in Extra Space Storage by 6.4% in the 4th quarter. First Citizens Bank & Trust Co. now owns 1,816 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 109 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in Extra Space Storage by 37.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 182,315 shares of the real estate investment trust’s stock valued at $25,154,000 after acquiring an additional 49,905 shares in the last quarter. 99.11% of the stock is currently 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.