Q1 EPS Estimate for Extra Space Storage Decreased by Analyst

Extra Space Storage Inc (NYSE:EXR - Free Report) - Stock analysts at Zacks Research cut their Q1 2026 EPS estimates for shares of Extra Space Storage in a research note issued to investors on Monday, July 14th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $2.02 per share for the quarter, down from their prior estimate of $2.04. The consensus estimate for Extra Space Storage's current full-year earnings is $8.10 per share. Zacks Research also issued estimates for Extra Space Storage's FY2026 earnings at $8.35 EPS, Q1 2027 earnings at $2.05 EPS, Q2 2027 earnings at $2.12 EPS and FY2027 earnings at $8.50 EPS.

Extra Space Storage (NYSE:EXR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.04. The firm had revenue of $820.00 million during the quarter, compared to the consensus estimate of $705.12 million. Extra Space Storage had a return on equity of 6.11% and a net margin of 27.84%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.96 EPS.

Several other equities analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Extra Space Storage from $181.00 to $178.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Evercore ISI increased their price target on Extra Space Storage from $144.00 to $149.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. BNP Paribas upgraded Extra Space Storage to a "hold" rating in a report on Tuesday, June 24th. BNP Paribas Exane began coverage on Extra Space Storage in a research report on Tuesday, June 24th. They set a "neutral" rating and a $156.00 target price on the stock. Finally, Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $159.29.

Extra Space Storage Stock Down 0.8%

Shares of Extra Space Storage stock traded down $1.21 during trading on Wednesday, reaching $147.74. 639,630 shares of the company traded hands, compared to its average volume of 1,074,295. The firm has a market capitalization of $31.35 billion, a PE ratio of 34.25, a P/E/G ratio of 3.59 and a beta of 1.10. Extra Space Storage has a 1-year low of $121.03 and a 1-year high of $184.87. The company has a 50 day moving average price of $148.93 and a 200-day moving average price of $148.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.33 and a quick ratio of 0.33.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Aptus Capital Advisors LLC raised its stake in shares of Extra Space Storage by 4.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 68 shares during the period. Siemens Fonds Invest GmbH increased its holdings in Extra Space Storage by 3.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 2,320 shares of the real estate investment trust's stock worth $342,000 after buying an additional 68 shares during the last quarter. Quadrant Capital Group LLC raised its position in Extra Space Storage by 5.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,327 shares of the real estate investment trust's stock worth $199,000 after acquiring an additional 73 shares during the period. Exchange Traded Concepts LLC boosted its stake in Extra Space Storage by 8.5% in the first quarter. Exchange Traded Concepts LLC now owns 934 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 73 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Extra Space Storage by 90.9% during the 4th quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 80 shares during the period. Institutional investors own 99.11% of the company's stock.

Insider Buying and Selling

In other news, CEO Joseph D. Margolis sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $150.35, for a total value of $1,127,625.00. Following the transaction, the chief executive officer owned 27,260 shares in the company, valued at $4,098,541. The trade was a 21.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.96% of the company's stock.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Monday, June 16th. Extra Space Storage's payout ratio is 150.35%.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.