Extra Space Storage Inc (NYSE:EXR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Extra Space Storage, with nine holds and seven buys among 16 brokerages. The average 12-month price target is $148.93, above the reported share price of $139.33.
• Extra Space Storage reported quarterly EPS of $1.25, beating estimates of $1.16, while revenue rose 3.9% year over year to $874.15 million. The company guided to fiscal 2026 EPS of $8.25–$8.40.
• The company declared a quarterly dividend of $1.62 per share, equivalent to $6.48 annually and a 4.7% yield. Institutional investors own 99.11% of the stock, while an executive recently sold 3,300 shares.

Extra Space Storage Inc (NYSE:EXR - Get Free Report) has received a consensus rating of "Hold" from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $148.9333.

EXR has been the topic of several recent research reports. Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research note on Sunday, August 9th. The Goldman Sachs Group reissued a "neutral" rating and set a $160.00 price target on shares of Extra Space Storage in a research note on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Barclays lifted their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Finally, BMO Capital Markets upgraded shares of Extra Space Storage from a "market perform" rating to an "outperform" rating and upped their target price for the company from $160.00 to $170.00 in a research report on Thursday, August 27th.

Insider Transactions at Extra Space Storage

In other news, EVP Gwyn McNeal sold 3,300 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in shares of Extra Space Storage by 9.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust's stock valued at $506,000 after purchasing an additional 291 shares during the period. Empowered Funds LLC lifted its stake in Extra Space Storage by 15.5% in the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust's stock valued at $729,000 after buying an additional 661 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Extra Space Storage in the second quarter valued at approximately $457,000. First Trust Advisors LP boosted its holdings in shares of Extra Space Storage by 184.1% in the second quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust's stock valued at $15,954,000 after buying an additional 70,115 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock valued at $653,000 after buying an additional 80 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Stock Down 1.2%

NYSE:EXR opened at $139.33 on Friday. The stock's fifty day moving average price is $146.48 and its two-hundred day moving average price is $143.86. Extra Space Storage has a 52-week low of $125.71 and a 52-week high of $158.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $29.44 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 4.00 and a beta of 1.16.

Extra Space Storage (NYSE:EXR - Get Free Report) last released 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 company had revenue of $874.15 million during the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, analysts anticipate that Extra Space Storage will post 8.33 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage's dividend payout ratio is currently 143.05%.

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.

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