Extra Space Storage Inc (NYSE:EXR) Receives Consensus Recommendation of “Hold” from Analysts

Extra Space Storage Inc (NYSE:EXR) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $153.0714.

Several research firms have recently weighed in on EXR. Scotiabank upped their price objective on Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Barclays upped their target price on Extra Space Storage from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Mizuho upped their target price on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 target price on the stock in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. upped their target price on Extra Space Storage from $142.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd.

Extra Space Storage Stock Up 0.5%

EXR stock opened at $146.03 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $30.85 billion, a P/E ratio of 32.74, a P/E/G ratio of 4.50 and a beta of 1.20. The business has a 50-day moving average of $143.52 and a 200-day moving average of $140.07. Extra Space Storage has a fifty-two week low of $125.71 and a fifty-two week high of $155.19.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to analyst estimates of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, sell-side analysts anticipate that Extra Space Storage will post 8.26 earnings per share for the current fiscal year.

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, June 15th. Extra Space Storage’s dividend payout ratio is presently 145.29%.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

Institutional investors and hedge funds have recently bought and sold shares of the stock. Reflection Asset Management bought a new stake in Extra Space Storage during the fourth quarter worth about $26,000. Avalon Trust Co bought a new stake in Extra Space Storage during the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Extra Space Storage during the third quarter worth about $28,000. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage in the first quarter valued at approximately $30,000. Finally, Rosenberg Matthew Hamilton raised its stake in Extra Space Storage by 442.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 217 shares during the period. 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.