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

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

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Extra Space Storage from $142.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Barclays upped their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a research note on Tuesday, April 21st. Mizuho increased their target price on Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company lifted their target price on Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $146.27.

Extra Space Storage Stock Performance

Shares of EXR stock opened at $148.38 on Friday. Extra Space Storage has a one year low of $125.71 and a one year high of $155.19. The company’s 50-day moving average is $145.31 and its 200 day moving average is $142.13. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 4.66 and a beta of 1.19. 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 (NYSE:EXR) last released its quarterly earnings data 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 firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts expect that Extra Space Storage will post 8.26 EPS for the current fiscal year.

Insider Buying and Selling at Extra Space Storage

In other news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’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 transaction of $495,000.00. Following the completion of the transaction, the executive vice president directly owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Extra Space Storage

Hedge funds have recently added to or reduced their stakes in the stock. Cromwell Holdings LLC lifted its holdings in shares of Extra Space Storage by 14.6% during the 4th quarter. Cromwell Holdings LLC now owns 574 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 73 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Extra Space Storage by 1.9% in the 1st quarter. Apollon Wealth Management LLC now owns 3,986 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 75 shares during the last quarter. Gilman Hill Asset Management LLC grew its holdings in shares of Extra Space Storage by 5.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,690 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 80 shares during the period. Brown Advisory Inc. grew its holdings in shares of Extra Space Storage by 1.8% in the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 80 shares during the period. Finally, Manchester Capital Management LLC increased its position in Extra Space Storage by 18.9% during the fourth quarter. Manchester Capital Management LLC now owns 540 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 86 shares during the last quarter. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

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.