Extra Space Storage Inc (NYSE:EXR) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus rating of Hold on Extra Space Storage from 16 analysts, with an average 12‑month price target of $143.67 (1 sell, 9 hold, 6 buy).
• EXR missed quarterly EPS—reported $1.14 vs. $2.01 expected—while revenue rose 4.4% year‑over‑year to $856.03M; the company set FY2026 guidance of 8.05–8.35 EPS, roughly in line with analyst forecasts (~8.23).
• The REIT paid a quarterly dividend of $1.62 ($6.48 annualized) for a yield of 4.6%, but the payout ratio is a high 145.29%, signaling potential dividend sustainability concerns.

Extra Space Storage Inc (NYSE:EXR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $143.6667.

Several research analysts have recently commented on EXR shares. JPMorgan Chase & Co. boosted their target price on Extra Space Storage from $142.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, March 23rd. BNP Paribas Exane raised Extra Space Storage from a "neutral" rating to an "outperform" rating and set a $154.00 target price on the stock in a report on Wednesday, March 18th. Royal Bank Of Canada boosted their target price on Extra Space Storage from $142.00 to $153.00 and gave the stock a "sector perform" rating in a report on Monday, February 23rd. Wells Fargo & Company reduced their target price on Extra Space Storage from $150.00 to $148.00 and set an "overweight" rating on the stock in a report on Thursday, April 16th. Finally, Bank of America downgraded Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 target price on the stock. in a report on Thursday, February 5th.

Extra Space Storage Stock Up 0.1%

NYSE EXR opened at $142.13 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.93. The stock's 50 day moving average is $140.49 and its two-hundred day moving average is $138.43. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 4.50 and a beta of 1.22. Extra Space Storage has a 1-year low of $125.71 and a 1-year high of $155.19.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The business had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts forecast that Extra Space Storage will post 8.23 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, March 16th. Extra Space Storage's payout ratio is 145.29%.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares in the company, valued at $9,447,609.60. The trade was a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Institutional Trading of Extra Space Storage

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust's stock valued at $4,852,680,000 after acquiring an additional 161,171 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Extra Space Storage by 13.4% during the 4th quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust's stock valued at $2,080,971,000 after acquiring an additional 1,888,763 shares during the last quarter. State Street Corp raised its position in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust's stock valued at $1,960,599,000 after acquiring an additional 230,697 shares during the last quarter. Norges Bank bought a new stake in shares of Extra Space Storage during the 4th quarter valued at $1,219,606,000. Finally, Capital World Investors raised its position in shares of Extra Space Storage by 0.5% during the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust's stock valued at $1,009,371,000 after acquiring an additional 33,622 shares during the last quarter. Institutional investors own 99.11% of the company's stock.

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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