Extra Space Storage (NYSE:EXR) Upgraded at Wall Street Zen

Extra Space Storage (NYSE:EXR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also weighed in on EXR. Weiss Ratings restated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Mizuho raised their price objective on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. raised their price objective on Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, UBS Group raised their price objective on Extra Space Storage from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average price target of $151.86.

Extra Space Storage Price Performance

EXR stock opened at $144.50 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $155.19. The firm has a market cap of $30.53 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 4.74 and a beta of 1.22. The stock has a 50-day simple moving average of $139.25 and a 200-day simple moving average of $138.43.

Extra Space Storage (NYSE:EXR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The company had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. During the same quarter last year, the business posted $2.00 EPS. Extra Space Storage’s quarterly revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, equities analysts predict that Extra Space Storage will post 8.23 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Joseph D. Margolis sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $142.08, for a total value of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

Several hedge funds have recently made changes to their positions in EXR. Reflection Asset Management bought a new stake in shares of Extra Space Storage in the 4th quarter worth approximately $26,000. Avalon Trust Co bought a new stake in shares of Extra Space Storage in the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Extra Space Storage in the 3rd quarter worth approximately $28,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Extra Space Storage in the 1st quarter worth approximately $30,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.

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.