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

Extra Space Storage Inc (NYSE:EXR) has earned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $146.2667.

A number of brokerages recently commented on EXR. Wells Fargo & Company upped their price objective on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Barclays raised their target price on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Truist Financial boosted their price target on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Raymond James Financial began coverage on shares of Extra Space Storage in a research report on Thursday. They set an “outperform” rating and a $44.00 price target for the company. Finally, Mizuho increased their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total value 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 trade represents a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Extra Space Storage

Several hedge funds and other institutional investors have recently made changes to their positions in EXR. Reflection Asset Management bought a new position in Extra Space Storage in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Extra Space Storage during the 3rd quarter valued at $28,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage during the 1st quarter worth $30,000. Rosenberg Matthew Hamilton boosted its position in Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 217 shares during the period. Finally, CoreCap Advisors LLC boosted its position in Extra Space Storage by 975.0% during the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 234 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $148.38 on Friday. The company has a market cap of $31.35 billion, a P/E ratio of 33.27, a PEG ratio of 4.66 and a beta of 1.19. The business has a 50 day moving average of $145.31 and a two-hundred day moving average of $142.13. Extra Space Storage has a 52 week low of $125.71 and a 52 week high of $155.19. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The company 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 revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts anticipate that Extra Space Storage will post 8.26 EPS for the current year.

Extra Space Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $1.62 dividend. The ex-dividend date was Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.4%. Extra Space Storage’s dividend payout ratio is 145.29%.

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.