Extra Space Storage (NYSE:EXR) Price Target Raised to $170.00

Key Points

• Barclays raised its price target to $170 (from $164) and maintained an "overweight" rating, implying roughly a 15.45% upside from the stock's current price.
• The sell‑side consensus is a "Hold" with a $145.13 target; analyst coverage breaks down to 5 Buys, 10 Holds and 1 Sell.
• Extra Space beat the quarter (EPS $2.08 vs. $2.03 est.; revenue $857.5M vs. $732.9M est.), set FY2026 guidance of 8.05–8.35 EPS (sell‑side ~8.1), and the shares traded at $147.25 (down ~2.1%) on the day.

Extra Space Storage (NYSE:EXR - Get Free Report) had its price target upped by equities research analysts at Barclays from $164.00 to $170.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Barclays's target price would indicate a potential upside of 15.45% from the company's current price.

A number of other research analysts also recently weighed in on the stock. UBS Group decreased their target price 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Mizuho lifted their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an "outperform" rating in a research report on Monday, January 12th. Scotiabank upped their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, Truist Financial upped their price objective on Extra Space Storage from $142.00 to $146.00 and gave the stock a "hold" rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $145.13.

Extra Space Storage Stock Down 2.1%

NYSE EXR traded down $3.11 during trading on Thursday, hitting $147.25. 222,044 shares of the company traded hands, compared to its average volume of 1,393,623. The business has a fifty day simple moving average of $141.54 and a 200 day simple moving average of $139.59. Extra Space Storage has a 12 month low of $121.03 and a 12 month high of $160.58. 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 company has a market capitalization of $31.09 billion, a P/E ratio of 32.01, a PEG ratio of 3.01 and a beta of 1.24.

Extra Space Storage (NYSE:EXR - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.05. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The company had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. During the same quarter last year, the firm earned $2.03 EPS. Extra Space Storage's revenue for the quarter was up 4.3% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts predict that Extra Space Storage will post 8.1 EPS for the current year.

Institutional Trading of Extra Space Storage

Several hedge funds and other institutional investors have recently modified their holdings of the business. Reflection Asset Management bought a new position in shares of Extra Space Storage in the fourth quarter valued at approximately $26,000. Avalon Trust Co bought a new position in shares of Extra Space Storage during the third quarter valued at about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in Extra Space Storage by 60.2% in the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 80 shares in the last quarter. Finally, Davis Capital Management purchased a new stake in Extra Space Storage in the third quarter worth about $35,000. 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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