Extra Space Storage Inc (NYSE:EXR) Given Consensus Rating of “Hold” by Brokerages

Shares of Extra Space Storage Inc (NYSE:EXR) have earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $147.00.

A number of brokerages recently issued reports on EXR. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Truist Financial cut their price objective on shares of Extra Space Storage from $150.00 to $142.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. UBS Group lowered their price target on shares of Extra Space Storage from $169.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Evercore ISI restated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their target price on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th.

Extra Space Storage Trading Up 0.1%

Shares of NYSE:EXR opened at $131.07 on Tuesday. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 2.40 and a beta of 1.27. Extra Space Storage has a 12 month low of $121.03 and a 12 month high of $162.77. The company’s fifty day simple moving average is $131.92 and its 200 day simple moving average is $140.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage (NYSE:EXR) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.02. The firm had revenue of $858.46 million during the quarter, compared to analysts’ expectations of $736.26 million. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. As a group, research analysts forecast that Extra Space Storage will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio is presently 144.64%.

Institutional Trading of Extra Space Storage

A number of large investors have recently added to or reduced their stakes in EXR. Avalon Trust Co acquired a new position in shares of Extra Space Storage during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage in the third quarter valued at $28,000. Chung Wu Investment Group LLC bought a new position in shares of Extra Space Storage in the second quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in shares of Extra Space Storage by 60.2% during the 3rd quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Finally, Davis Capital Management acquired a new stake in shares of Extra Space Storage during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

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.