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

Key Points

• Analyst consensus "Hold": Sixteen analysts give EXR an average "Hold" rating (1 sell, 9 hold, 6 buy) with a 12‑month target of $143.80.
• Earnings and dividend: Extra Space beat the quarter (EPS $2.08 vs $2.03; revenue $857.47M vs $732.92M), set FY2026 guidance of $8.05–$8.35 EPS (consensus ~8.1), and pays a $1.62 quarterly dividend (annual $6.48) for a 4.7% yield with a payout ratio around 141%.
• Ownership moves: CEO Joseph D. Margolis sold 7,500 shares (a 10.14% reduction in his holding); insiders own ~0.96% while institutional investors own ~99.11%, including large recent stakes by Norges Bank, Capital International and Cohen & Steers.

Extra Space Storage Inc (NYSE:EXR - Get Free Report) has received an average rating of "Hold" from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment 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 twelve-month target price among brokerages that have issued ratings on the stock in the last year is $143.80.

EXR has been the subject of a number of research analyst reports. UBS Group lowered their price objective on shares of Extra Space Storage from $156.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, January 8th. Bank of America cut shares of Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 price objective for the company. in a research report on Thursday, February 5th. BNP Paribas Exane upgraded shares of Extra Space Storage from a "neutral" rating to an "outperform" rating and set a $154.00 price objective for the company in a research report on Wednesday, March 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Finally, Barclays upped their price objective on shares of Extra Space Storage from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th.

Insider Transactions at Extra Space Storage

In other Extra Space Storage 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 transaction of $1,065,600.00. Following the sale, the chief executive officer directly owned 66,495 shares of the company's stock, valued at $9,447,609.60. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Extra Space Storage

A number of institutional investors have recently added to or reduced their stakes in EXR. Norges Bank bought a new stake in Extra Space Storage during the 4th quarter worth approximately $1,219,606,000. Capital International Investors grew its holdings in Extra Space Storage by 73.9% during the 4th quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust's stock worth $814,746,000 after acquiring an additional 2,658,947 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Extra Space Storage by 900.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust's stock valued at $308,348,000 after purchasing an additional 1,969,013 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of Extra Space Storage by 13.4% in 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 purchasing an additional 1,888,763 shares during the last quarter. Finally, Resolution Capital Ltd boosted its stake in shares of Extra Space Storage by 116.2% in the 2nd quarter. Resolution Capital Ltd now owns 1,950,842 shares of the real estate investment trust's stock valued at $287,632,000 after purchasing an additional 1,048,685 shares during the last quarter. 99.11% of the stock is owned by institutional investors.

Extra Space Storage Stock Performance

NYSE EXR opened at $138.04 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $29.15 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.69 and a beta of 1.26. The firm's 50 day simple moving average is $140.54 and its 200 day simple moving average is $138.43. Extra Space Storage has a 1 year low of $121.03 and a 1 year high of $155.19.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.05. The business had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, research analysts expect that Extra Space Storage will post 8.1 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 dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, March 16th. Extra Space Storage's dividend payout ratio is currently 140.87%.

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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