Extra Space Storage Inc (NYSE:EXR) Stock Has Average Price Target of $149.47 According to Analysts

Extra Space Storage Inc (NYSE:EXR) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $149.40.

Several equities research analysts have issued reports on EXR shares. Royal Bank Of Canada raised their price target on Extra Space Storage from $153.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $147.00 to $156.00 in a report on Tuesday, June 16th. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price objective on the stock. Evercore set a $146.00 target price on shares of Extra Space Storage in a research note on Monday, September 21st. Finally, Wells Fargo & Company reduced their target price on shares of Extra Space Storage from $158.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st.

Extra Space Storage Price Performance

NYSE:EXR opened at $132.86 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average price is $141.83 and its two-hundred day moving average price is $142.20. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 3.95 and a beta of 1.15. Extra Space Storage has a 12-month low of $125.71 and a 12-month high of $158.88.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, analysts anticipate that Extra Space Storage will post 8.34 earnings per share for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is currently 143.05%.

Institutional Investors Weigh In On Extra Space Storage

A number of institutional investors have recently made changes to their positions in the company. Reflection Asset Management bought a new position in shares of Extra Space Storage during the fourth quarter worth approximately $26,000. Raiffeisen Bank International AG boosted its stake in Extra Space Storage by 82.4% in the 2nd quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Extra Space Storage in the 1st quarter valued at $30,000. Security National Bank of SO Dak bought a new stake in Extra Space Storage in the 2nd quarter valued at $34,000. Finally, CoreCap Advisors LLC grew its holdings in Extra Space Storage by 975.0% in the 2nd quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 234 shares in the last quarter. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Company Profile

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and develops self-storage facilities. Its properties provide personal and business customers with space for storing household goods, vehicles, business inventory and other belongings in a range of unit sizes. Many facilities offer features such as climate-controlled units, drive-up access, online rentals and electronic payments.

The company also provides third-party management services for self-storage properties owned by other investors and participates in joint ventures.