Extra Space Storage (NYSE:EXR) Releases FY 2026 Earnings Guidance

Extra Space Storage (NYSE:EXR) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 8.250-8.400 for the period, compared to the consensus EPS estimate of 8.260. The company issued revenue guidance of -.

Analyst Ratings Changes

EXR has been the topic of several recent research reports. Wall Street Zen upgraded Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. UBS Group lifted their price target on Extra Space Storage from $158.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Raymond James Financial assumed coverage on Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 price objective on the stock. Truist Financial increased their price objective on Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Company raised their target price on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $146.53.

Extra Space Storage Price Performance

Shares of EXR stock traded down $6.17 on Thursday, reaching $146.68. The company’s stock had a trading volume of 418,875 shares, compared to its average volume of 1,258,134. The company has a market capitalization of $30.99 billion, a P/E ratio of 32.38, a PEG ratio of 4.71 and a beta of 1.19. Extra Space Storage has a 12-month low of $125.71 and a 12-month high of $158.88. The stock’s 50 day simple moving average is $146.34 and its 200-day simple moving average is $143.08. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping the consensus estimate of $1.16 by $0.09. The business had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a return on equity of 6.68% and a net margin of 27.80%.The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, equities analysts predict that Extra Space Storage will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.62 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. Extra Space Storage’s payout ratio is presently 145.29%.

Insider Buying and Selling

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. This represents a 8.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its stake in Extra Space Storage by 1.8% in the second 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. First Citizens Bank & Trust Co. lifted its stake in Extra Space Storage by 6.4% during the fourth quarter. First Citizens Bank & Trust Co. now owns 1,816 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 109 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Extra Space Storage by 7.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 123 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Extra Space Storage by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,190 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 167 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Extra Space Storage by 7.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,396 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 173 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

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.