Zacks Research Issues Pessimistic Estimate for EXR Earnings

Key Points

• Zacks Research has revised its Q4 2025 earnings estimate for Extra Space Storage, forecasting earnings per share (EPS) at $2.01, slightly down from a previous estimate of $2.02.
• Extra Space Storage's recent quarterly earnings report showed an EPS of $2.05, which missed the consensus estimate by $0.01, although revenue exceeded expectations at $841.62 million.
• Institutional investors hold approximately 99.11% of Extra Space Storage's stock, with hedge funds actively adjusting their positions amid varying analyst ratings on the company's stock performance.

Extra Space Storage Inc (NYSE:EXR - Free Report) - Zacks Research reduced their Q4 2025 earnings estimates for shares of Extra Space Storage in a research report issued to clients and investors on Wednesday, August 20th. Zacks Research analyst Team now forecasts that the real estate investment trust will post earnings per share of $2.01 for the quarter, down from their previous forecast of $2.02. 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 Q2 2026 earnings at $2.11 EPS, Q3 2026 earnings at $2.13 EPS and Q4 2026 earnings at $2.08 EPS.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.01). Extra Space Storage had a return on equity of 6.69% and a net margin of 29.51%.The company had revenue of $841.62 million during the quarter, compared to analysts' expectations of $719.43 million. During the same quarter last year, the company earned $2.06 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Extra Space Storage has set its FY 2025 guidance at 8.050-8.25 EPS.

A number of other research analysts have also recently weighed in on the company. 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 price objective on the stock. The Goldman Sachs Group restated a "neutral" rating and set a $146.00 target price (down previously from $169.00) on shares of Extra Space Storage in a research note on Thursday. Wall Street Zen raised shares of Extra Space Storage from a "sell" rating to a "hold" rating in a report on Sunday. Truist Financial dropped their price target on shares of Extra Space Storage from $158.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, August 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Extra Space Storage from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $153.60.

Extra Space Storage Stock Performance

NYSE:EXR opened at $142.6740 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50-day simple moving average of $145.21 and a two-hundred day simple moving average of $146.72. The firm has a market capitalization of $30.28 billion, a PE ratio of 30.95, a P/E/G ratio of 3.46 and a beta of 1.07. Extra Space Storage has a 52-week low of $121.03 and a 52-week high of $184.87.

Institutional Trading of Extra Space Storage

Several hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC lifted its position in shares of Extra Space Storage by 4.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,638 shares of the real estate investment trust's stock worth $245,000 after buying an additional 68 shares in the last quarter. Siemens Fonds Invest GmbH increased its stake in Extra Space Storage by 3.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 2,320 shares of the real estate investment trust's stock worth $342,000 after acquiring an additional 68 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Extra Space Storage by 8.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 934 shares of the real estate investment trust's stock worth $139,000 after acquiring an additional 73 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Extra Space Storage by 4.6% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 1,825 shares of the real estate investment trust's stock worth $269,000 after acquiring an additional 80 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Extra Space Storage by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust's stock valued at $653,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company's stock.

Insider Activity at Extra Space Storage

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $150.35, for a total transaction of $1,127,625.00. Following the completion of the transaction, the chief executive officer owned 27,260 shares in the company, valued at approximately $4,098,541. This represents a 21.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.36% of the company's stock.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.62 per share. The ex-dividend date is Monday, September 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.5%. Extra Space Storage's dividend payout ratio (DPR) is presently 140.56%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.