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Shares of Extra Space Storage (NYSE:EXR) have earned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, American Banking News.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $54.15.

Extra Space Storage (NYSE:EXR) opened at 52.72 on Friday. Extra Space Storage has a one year low of $39.98 and a one year high of $54.87. The stock’s 50-day moving average is $53.13 and its 200-day moving average is $51.17. The company has a market cap of $6.116 billion and a P/E ratio of 32.73.

Extra Space Storage (NYSE:EXR) last released its earnings data on Wednesday, July 30th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $160.20 million for the quarter, compared to the consensus estimate of $153.02 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts expect that Extra Space Storage will post $2.49 EPS for the current fiscal year.

EXR has been the subject of a number of recent research reports. Analysts at SunTrust reiterated a “buy” rating on shares of Extra Space Storage in a research note on Thursday. They now have a $61.00 price target on the stock, up previously from $58.00. Separately, analysts at RBC Capital raised their price target on shares of Extra Space Storage from $54.00 to $58.00 in a research note on Friday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Extra Space Storage from $54.00 to $57.00 in a research note on Thursday, July 31st.

Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (NYSE:EXR).

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