Extra Space Storage Inc (NYSE:EXR) Given Consensus Rating of “Hold” by Analysts

Shares of Extra Space Storage Inc (NYSE:EXR) have earned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $145.00.

A number of analysts have recently commented on EXR shares. Mizuho upped their price target on Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Scotiabank lifted their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Wells Fargo & Company lowered their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Royal Bank Of Canada increased their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd.

Insider Transactions at Extra Space Storage

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

Hedge Funds Weigh In On Extra Space Storage

Several institutional investors and hedge funds have recently modified their holdings of EXR. Cibc World Market Inc. increased its stake in Extra Space Storage by 19.4% in the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after buying an additional 30,983 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Extra Space Storage by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock worth $946,540,000 after buying an additional 406,146 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Extra Space Storage by 38.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock valued at $83,052,000 after acquiring an additional 162,773 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Extra Space Storage by 6.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 127,235 shares of the real estate investment trust’s stock valued at $17,982,000 after acquiring an additional 7,831 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Extra Space Storage by 32.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,240 shares of the real estate investment trust’s stock valued at $3,416,000 after acquiring an additional 5,870 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 0.4%

NYSE:EXR opened at $135.85 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.92. Extra Space Storage has a 12-month low of $121.03 and a 12-month high of $155.19. The stock’s fifty day simple moving average is $143.68 and its 200-day simple moving average is $139.68. The firm has a market capitalization of $28.68 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.74 and a beta of 1.24.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The business had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. During the same quarter in the prior year, the company posted $2.03 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts expect that Extra Space Storage will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.8%. Extra Space Storage’s payout ratio is currently 140.87%.

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.