Extra Space Storage Inc (EXR) - What Are Analysts Saying About This Stock?

Key Points

• Analysts rate Extra Space Storage “Moderate Buy,” with eight buy ratings and eight hold ratings. The average 12-month price target is $148.67, above the reported share price of $143.57.
• Institutional investors own approximately 99.11% of EXR’s shares, while several funds recently increased their positions.
• Extra Space Storage exceeded quarterly EPS expectations, reporting $1.25 versus the $1.16 consensus estimate. The company also pays a $1.62 quarterly dividend, equivalent to a 4.5% annualized yield.

Shares of Extra Space Storage Inc (NYSE:EXR - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen research firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $148.67.

Several research firms have recently commented on EXR. Wells Fargo & Company decreased their price objective on Extra Space Storage from $158.00 to $157.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 1st. Mizuho lowered their price objective on Extra Space Storage from $155.00 to $152.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 2nd. Barclays boosted their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Truist Financial upgraded Extra Space Storage from a "hold" rating to a "buy" rating and cut their price objective for the company from $148.00 to $147.00 in a research note on Thursday, October 1st. Finally, Scotiabank increased their target price on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 18th.

Institutional Trading of Extra Space Storage

Several institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC boosted its holdings in Extra Space Storage by 1.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust's stock worth $523,000 after acquiring an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Extra Space Storage by 4.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,960 shares of the real estate investment trust's stock valued at $285,000 after acquiring an additional 79 shares in the last quarter. Raiffeisen Bank International AG grew its position in Extra Space Storage by 82.4% in the second quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 84 shares in the last quarter. Angeles Wealth Management LLC raised its stake in shares of Extra Space Storage by 3.2% during the first quarter. Angeles Wealth Management LLC now owns 2,794 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 87 shares during the period. Finally, IRON Financial LLC raised its stake in shares of Extra Space Storage by 5.7% during the third quarter. IRON Financial LLC now owns 1,731 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 94 shares during the period. 99.11% of the stock is currently owned by institutional investors.

Extra Space Storage Trading Up 0.1%

Shares of EXR stock opened at $143.57 on Monday. 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 has a market cap of $30.33 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 4.25 and a beta of 1.15. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $158.88. The firm has a fifty day moving average price of $138.45 and a 200-day moving average price of $142.70.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to analysts' expectations of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%. Extra Space Storage's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, equities analysts predict that Extra Space Storage will post 8.34 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $6.48 annualized dividend and a yield of 4.5%. Extra Space Storage's payout ratio is currently 143.05%.

Extra Space Storage Company Profile

Extra Space Storage Inc is a real estate investment trust that owns, operates, manages and develops self-storage properties in the United States. The company provides storage units for residential, business and vehicle-storage customers, with facilities offering a range of unit sizes and access options.

In addition to operating properties under the Extra Space Storage brand, the company provides third-party property management, acquisition and development services for self-storage owners.

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