Extra Space Storage (NYSE:EXR) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Extra Space Storage (NYSE:EXR) released its earnings results on Thursday. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.04, Zacks reports. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%. Extra Space Storage updated its FY 2026 guidance to 8.050-8.350 EPS.

Extra Space Storage Stock Up 0.9%

Shares of NYSE:EXR traded up $1.24 during midday trading on Thursday, hitting $146.42. 1,319,323 shares of the stock were exchanged, compared to its average volume of 1,449,230. The business’s fifty day simple moving average is $137.88 and its two-hundred day simple moving average is $138.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.24 and a current ratio of 0.24. Extra Space Storage has a 52-week low of $121.03 and a 52-week high of $162.77. The company has a market capitalization of $31.08 billion, a PE ratio of 32.68, a P/E/G ratio of 1.78 and a beta of 1.27.

Extra Space Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is currently 144.64%.

Hedge Funds Weigh In On Extra Space Storage

Institutional investors have recently bought and sold shares of the stock. Sivia Capital Partners LLC acquired a new position in shares of Extra Space Storage in the second quarter valued at $457,000. Evolve Private Wealth LLC bought a new stake in shares of Extra Space Storage during the 4th quarter worth about $204,000. Parallel Advisors LLC raised its holdings in Extra Space Storage by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,190 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 167 shares during the period. Vise Technologies Inc. bought a new stake in shares of Extra Space Storage during the fourth quarter worth approximately $203,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Extra Space Storage by 12.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,712 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 190 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXR. Mizuho lifted their price objective on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wall Street Zen cut Extra Space Storage from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research note on Thursday, January 22nd. Evercore restated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Finally, Truist Financial boosted their target price on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $144.67.

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.