Extra Space Storage Inc (NYSE:EXR) Receives $145.13 Consensus Price Target from Analysts

Shares of Extra Space Storage Inc (NYSE:EXR) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $145.1333.

Several research analysts have commented on the stock. Mizuho boosted their price target on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Morgan Stanley reduced their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a report on Friday, December 5th. Scotiabank lifted 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, March 2nd. Royal Bank Of Canada boosted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the transaction, the chief executive officer owned 66,495 shares in the company, valued at approximately $9,447,609.60. This represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.36% of the company’s stock.

Institutional Investors Weigh In On Extra Space Storage

Institutional investors have recently added to or reduced their stakes in the business. Stance Capital LLC acquired a new position in Extra Space Storage in the fourth quarter valued at approximately $2,851,000. Hsbc Holdings PLC raised its holdings in Extra Space Storage by 8.3% during the fourth quarter. Hsbc Holdings PLC now owns 836,315 shares of the real estate investment trust’s stock worth $108,954,000 after purchasing an additional 63,979 shares in the last quarter. Reflection Asset Management acquired a new stake in Extra Space Storage during the fourth quarter worth approximately $26,000. Astoria Portfolio Advisors LLC. lifted its position in shares of Extra Space Storage by 13.3% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,154 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 253 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Extra Space Storage by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 141,993 shares of the real estate investment trust’s stock worth $18,490,000 after buying an additional 3,542 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $138.39 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $29.22 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 2.81 and a beta of 1.24. The stock’s 50-day moving average is $143.65 and its two-hundred day moving average is $139.73. Extra Space Storage has a 1-year low of $121.03 and a 1-year high of $155.19.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of $857.47 million during the quarter, compared to analysts’ expectations of $732.92 million. During the same quarter last year, the business posted $2.03 EPS. The business’s quarterly revenue 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. Analysts forecast that Extra Space Storage will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, March 16th. Extra Space Storage’s dividend payout ratio is currently 140.87%.

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.