Extra Space Storage Inc (NYSE:EXR) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Extra Space Storage has a consensus “Hold” rating: Ten of 16 analysts rate the stock a hold, while six recommend buying it. The average 12-month price target is $147.73.
• The company reported quarterly EPS of $1.25, exceeding estimates of $1.16, while revenue rose 3.9% year over year to $874.15 million. Management set fiscal 2026 EPS guidance at $8.25–$8.40.
• Extra Space Storage pays a quarterly dividend of $1.62 per share, equal to an annualized $6.48 and a 4.4% yield; however, its payout ratio is elevated at 143.05%.

Extra Space Storage Inc (NYSE:EXR - Get Free Report) has been given an average rating of "Hold" by the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $147.7333.

EXR has been the topic of a number of analyst reports. Truist Financial increased their price target on Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a research report on Wednesday, June 17th. Royal Bank Of Canada lifted their price objective on Extra Space Storage from $153.00 to $157.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Weiss Ratings upgraded Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. UBS Group increased their target price on Extra Space Storage from $158.00 to $163.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Finally, Mizuho raised their price target on Extra Space Storage from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 27th.

Insider Buying and Selling

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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Reflection Asset Management bought a new stake in Extra Space Storage during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Extra Space Storage in the 1st quarter valued at $30,000. CoreCap Advisors LLC raised its holdings in shares of Extra Space Storage by 975.0% during the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust's stock worth $37,000 after buying an additional 234 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Extra Space Storage during the 4th quarter worth $39,000. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

NYSE EXR opened at $146.40 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $30.93 billion, a P/E ratio of 32.32, a P/E/G ratio of 4.22 and a beta of 1.18. Extra Space Storage has a 12-month low of $125.71 and a 12-month high of $158.88. The firm has a 50-day moving average price of $147.26 and a two-hundred day moving average price of $143.35.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.09. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same quarter in the prior year, the business posted $2.05 EPS. The business's revenue was up 3.9% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts anticipate that Extra Space Storage will post 8.31 earnings per share for the current year.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, June 15th. Extra Space Storage's dividend payout ratio is presently 143.05%.

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.

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