Analysts Set Extra Space Storage Inc (NYSE:EXR) Price Target at $147.73

Shares of Extra Space Storage Inc (NYSE:EXR) have received an average recommendation of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $147.8667.

A number of research firms have recently weighed in on EXR. Bank of America raised Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. UBS Group lifted their target price on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada upped their price target on shares of Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Barclays increased their price target on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, Scotiabank raised their price target on shares of Extra Space Storage from $157.00 to $158.00 and gave the stock a “sector perform” rating in a report on Tuesday.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Extra Space Storage during the second quarter valued at approximately $3,334,263,000. Norges Bank bought a new stake in Extra Space Storage in the fourth quarter valued at $1,219,606,000. Capital International Investors boosted its holdings in Extra Space Storage by 73.9% in the fourth quarter. Capital International Investors now owns 6,256,687 shares of the real estate investment trust’s stock valued at $814,746,000 after acquiring an additional 2,658,947 shares in the last quarter. Legal & General Group Plc purchased a new position in Extra Space Storage during the 2nd quarter valued at $299,746,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Extra Space Storage by 900.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,187,795 shares of the real estate investment trust’s stock valued at $308,348,000 after purchasing an additional 1,969,013 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.2%

NYSE EXR opened at $147.24 on Wednesday. Extra Space Storage has a 1-year low of $125.71 and a 1-year high of $158.88. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $147.47 and a 200-day moving average of $143.60. The firm has a market cap of $31.11 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 4.26 and a beta of 1.18.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. The business had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.Extra Space Storage’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, sell-side analysts forecast that Extra Space Storage will post 8.31 EPS for the current year.

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.