Extra Space Storage (NYSE:EXR) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Extra Space Storage from “sell” to “hold,” while broader analyst sentiment remains “Hold,” with six Buy ratings, ten Hold ratings, and a consensus price target of $147.73.
• Extra Space Storage reported quarterly EPS of $1.25, beating estimates of $1.16, while revenue reached $874.15 million and rose 3.9% year over year. The company issued fiscal 2026 EPS guidance of $8.25–$8.40.
• Shares opened at $149.37, near the consensus target, with a 52-week range of $125.71 to $158.88. Institutional investors own approximately 99.11% of the stock, while an executive recently sold 3,300 shares.

Extra Space Storage (NYSE:EXR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

A number of other equities analysts also recently weighed in on EXR. Mizuho boosted their target price on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Weiss Ratings raised shares of Extra Space Storage from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Truist Financial boosted their price objective on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a "hold" rating in a research report on Wednesday, June 17th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $160.00 price objective on shares of Extra Space Storage in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price objective on Extra Space Storage from $153.00 to $157.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $147.73.

Extra Space Storage Stock Performance

Shares of NYSE:EXR opened at $149.37 on Friday. Extra Space Storage has a twelve month low of $125.71 and a twelve month high of $158.88. The firm has a market cap of $31.56 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 4.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.37 and a current ratio of 1.56. The business has a fifty day moving average of $147.05 and a 200-day moving average of $143.37.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. During the same quarter in the prior year, the company earned $2.05 EPS. The firm's quarterly revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities research analysts predict that Extra Space Storage will post 8.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company's stock.

Institutional Investors Weigh In On Extra Space Storage

A number of institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new position in Extra Space Storage in the second quarter valued at about $10,705,000. Auxano Advisors LLC acquired a new position in shares of Extra Space Storage during the 2nd quarter worth about $236,000. BlackRock Inc. bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at about $3,334,263,000. Deutsche Bank AG bought a new stake in shares of Extra Space Storage in the 2nd quarter valued at about $153,980,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Extra Space Storage in the 2nd quarter valued at approximately $85,000. 99.11% of the stock is owned by institutional investors and hedge funds.

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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