Scotiabank Boosts Extra Space Storage (NYSE:EXR) Price Target to $156.00

Extra Space Storage (NYSE:EXR) had its price objective boosted by equities research analysts at Scotiabank from $145.00 to $156.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 2.22% from the company’s current price.

A number of other research firms have also weighed in on EXR. Evercore restated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Barclays restated an “overweight” rating and set a $164.00 price objective on shares of Extra Space Storage in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Bank of America downgraded shares of 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. Finally, Morgan Stanley decreased their price target on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research report on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $144.73.

Extra Space Storage Stock Up 1.0%

NYSE EXR traded up $1.58 during trading on Monday, reaching $152.61. 517,934 shares of the company’s stock traded hands, compared to its average volume of 1,431,342. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $32.22 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 3.04 and a beta of 1.24. The company’s 50 day simple moving average is $140.29 and its two-hundred day simple moving average is $139.31. Extra Space Storage has a 12-month low of $121.03 and a 12-month high of $160.58.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm had revenue of $857.47 million during the quarter, compared to analysts’ expectations of $732.92 million. During the same quarter in the prior year, the company earned $2.03 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts forecast that Extra Space Storage will post 8.1 EPS for the current fiscal year.

Institutional Trading of Extra Space Storage

A number of institutional investors have recently bought and sold shares of the stock. Avalon Trust Co purchased a new stake in Extra Space Storage during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Extra Space Storage during the third quarter worth $28,000. Versant Capital Management Inc grew its holdings in shares of Extra Space Storage by 60.2% during the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 80 shares during the last quarter. Davis Capital Management purchased a new stake in shares of Extra Space Storage during the third quarter valued at $35,000. Finally, Rosenberg Matthew Hamilton increased its position in shares of Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 217 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

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.