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

Shares of Extra Space Storage Inc (NYSE:EXR) have received an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $146.5333.

A number of equities research analysts have weighed in on the company. UBS Group decreased their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wall Street Zen lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Barclays restated an “overweight” rating and issued a $164.00 price objective on shares of Extra Space Storage in a report on Tuesday, January 13th. Royal Bank Of Canada dropped their target price on shares of Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. Finally, Mizuho raised their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 12th.

Institutional Trading of Extra Space Storage

Hedge funds have recently bought and sold shares of the stock. Avalon Trust Co bought a new position in shares of Extra Space Storage in the 3rd quarter valued at $28,000. Chung Wu Investment Group LLC acquired a new position in Extra Space Storage in the 2nd quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage in the third quarter valued at about $28,000. Versant Capital Management Inc raised its position in Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares during the last quarter. Finally, Davis Capital Management acquired a new stake in shares of Extra Space Storage during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Price Performance

Extra Space Storage stock opened at $141.49 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27. The firm has a 50-day moving average of $134.17 and a two-hundred day moving average of $139.65. Extra Space Storage has a 1 year low of $121.03 and a 1 year high of $162.77.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.02. The business had revenue of $858.46 million for the quarter, compared to analyst estimates of $736.26 million. Extra Space Storage had a net margin of 28.40% and a return on equity of 6.56%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. Extra Space Storage has set its FY 2025 guidance at 8.120-8.20 EPS. On average, research analysts forecast that Extra Space Storage will post 8.1 earnings per share for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, December 15th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.64%.

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.