Mizuho Issues Positive Forecast for Extra Space Storage (NYSE:EXR) Stock Price

Key Points

• Mizuho raised its price target on Extra Space Storage to $155 from $150 and kept an outperform rating, implying about 7.15% upside from the prior close.
• Analyst opinions are mixed overall: the stock has a Hold consensus rating with an average price target of $151.86, though several firms recently adjusted targets and ratings in both directions.
• Extra Space Storage recently reported Q1 EPS of $1.14, missing estimates, while revenue came in slightly above expectations at $856.03 million; the company also said it expects FY 2026 EPS of 8.05 to 8.35.

Extra Space Storage (NYSE:EXR - Get Free Report) had its price objective raised by analysts at Mizuho from $150.00 to $155.00 in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price objective would suggest a potential upside of 7.15% from the stock's previous close.

A number of other research firms also recently weighed in on EXR. Truist Financial decreased their target price on Extra Space Storage from $158.00 to $150.00 and set a "hold" rating on the stock in a research report on Wednesday, May 6th. BNP Paribas Exane upgraded 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. UBS Group lifted their price objective on Extra Space Storage from $148.00 to $158.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Bank of America cut Extra Space Storage from a "neutral" rating to an "underperform" rating and set a $143.00 price objective on the stock. in a research report on Thursday, February 5th. Finally, Barclays raised their target price on Extra Space Storage from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $151.86.

Extra Space Storage Stock Performance

EXR traded up $0.67 during midday trading on Wednesday, reaching $144.66. The company's stock had a trading volume of 45,850 shares, compared to its average volume of 1,273,002. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $138.83 and a 200 day simple moving average of $138.20. The stock has a market cap of $30.56 billion, a P/E ratio of 32.48, a PEG ratio of 4.66 and a beta of 1.22. Extra Space Storage has a twelve month low of $125.71 and a twelve month 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.87). The company had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The company's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts expect that Extra Space Storage will post 8.23 earnings per share for the current year.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction dated 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 approximately $9,447,609.60. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Extra Space Storage

Several institutional investors have recently bought and sold shares of EXR. NewEdge Advisors LLC lifted its position in Extra Space Storage by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust's stock worth $506,000 after buying an additional 291 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Extra Space Storage by 15.5% during the first quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust's stock worth $729,000 after purchasing an additional 661 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Extra Space Storage during the 2nd quarter worth $457,000. First Trust Advisors LP lifted its holdings in Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust's stock worth $15,954,000 after buying an additional 70,115 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in Extra Space Storage by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock valued at $653,000 after buying an additional 80 shares during the last quarter. Institutional investors own 99.11% of the company's stock.

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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