Extra Space Storage Inc (NYSE:EXR) Receives $147.73 Consensus PT from Analysts

Extra Space Storage Inc (NYSE:EXR) has received an average rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $147.7333.

EXR has been the topic of a number of recent research reports. Barclays lifted their target price on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Wall Street Zen raised Extra Space Storage from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Truist Financial increased their price target 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. Bank of America raised Extra Space Storage from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Finally, Royal Bank Of Canada boosted their price objective on Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is currently owned by company insiders.

Institutional Trading of Extra Space Storage

Several large investors have recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in shares of Extra Space Storage in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter valued at $28,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage during the first quarter valued at $30,000. CoreCap Advisors LLC raised its position in Extra Space Storage by 975.0% during the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 234 shares during the period. Finally, DV Equities LLC acquired a new position in Extra Space Storage during the fourth quarter valued at $39,000. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 1.0%

NYSE EXR opened at $147.98 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. The company’s 50 day simple moving average is $147.45 and its 200 day simple moving average is $143.46. Extra Space Storage has a 12 month low of $125.71 and a 12 month high of $158.88. The company has a market capitalization of $31.26 billion, a P/E ratio of 32.67, a PEG ratio of 4.30 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 27.80% and a return on equity of 6.70%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Equities research analysts expect that Extra Space Storage will post 8.31 earnings per share for the current fiscal year.

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.