Q2 EPS Forecast for Extra Space Storage Decreased by Analyst

Extra Space Storage Inc. (NYSE:EXR) – Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for shares of Extra Space Storage in a research report issued to clients and investors on Tuesday, May 20th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $2.03 per share for the quarter, down from their previous forecast of $2.06. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.10 per share. Zacks Research also issued estimates for Extra Space Storage’s Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $2.02 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.12 EPS, Q3 2026 earnings at $2.11 EPS, Q4 2026 earnings at $2.10 EPS, FY2026 earnings at $8.37 EPS, Q1 2027 earnings at $2.11 EPS and FY2027 earnings at $8.68 EPS.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.04. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $705.12 million. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS.

Other analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Extra Space Storage from $170.00 to $165.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Scotiabank boosted their price target on Extra Space Storage from $149.00 to $166.00 and gave the company a “sector outperform” rating in a report on Monday, May 12th. Bank of America raised their price target on shares of Extra Space Storage from $155.00 to $161.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Royal Bank of Canada dropped their price target on shares of Extra Space Storage from $163.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Finally, Barclays decreased their price objective on shares of Extra Space Storage from $181.00 to $178.00 and set an “overweight” rating for the company in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Extra Space Storage presently has a consensus rating of “Moderate Buy” and an average price target of $158.46.

Extra Space Storage Trading Up 0.8%

NYSE:EXR opened at $145.91 on Thursday. Extra Space Storage has a one year low of $121.03 and a one year high of $184.87. The business’s 50-day simple moving average is $143.25 and its 200 day simple moving average is $151.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $30.96 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 7.76 and a beta of 1.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Extra Space Storage by 0.9% in the first quarter. Vanguard Group Inc. now owns 33,969,485 shares of the real estate investment trust’s stock valued at $5,044,129,000 after buying an additional 295,556 shares during the period. Cohen & Steers Inc. boosted its holdings in Extra Space Storage by 5.9% during the fourth quarter. Cohen & Steers Inc. now owns 9,246,133 shares of the real estate investment trust’s stock worth $1,383,094,000 after purchasing an additional 516,941 shares during the last quarter. Norges Bank acquired a new position in Extra Space Storage during the fourth quarter worth $938,647,000. JPMorgan Chase & Co. boosted its holdings in Extra Space Storage by 205.7% during the first quarter. JPMorgan Chase & Co. now owns 4,094,555 shares of the real estate investment trust’s stock worth $608,001,000 after purchasing an additional 2,755,265 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Extra Space Storage by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,136,640 shares of the real estate investment trust’s stock worth $469,229,000 after purchasing an additional 24,533 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

Insider Buying and Selling

In other news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total value of $1,105,875.00. Following the completion of the transaction, the chief executive officer now owns 9,190 shares in the company, valued at $1,355,065.50. This represents a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William N. Springer sold 1,220 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $152.66, for a total transaction of $186,245.20. Following the completion of the transaction, the executive vice president now owns 20,158 shares of the company’s stock, valued at $3,077,320.28. This trade represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,392 shares of company stock valued at $1,392,315 over the last ninety days. Insiders own 0.96% of the company’s stock.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Monday, June 16th. Extra Space Storage’s dividend payout ratio (DPR) is 150.35%.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.