Extra Space Storage (NYSE:EXR) Raised to Hold at Wall Street Zen

Posted by Geri Gentry on Aug 11th, 2026

Extra Space Storage (NYSE:EXR – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Several other analysts have also issued reports on the company. Mizuho upped their target price on Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Bank of America upgraded Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their price target for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th. Wells Fargo & Company boosted their price target on Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Extra Space Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Raymond James Financial assumed coverage on Extra Space Storage in a report on Thursday, July 16th. They issued an “outperform” rating and a $44.00 price objective for the company. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.73.

Read Our Latest Report on Extra Space Storage

Extra Space Storage Stock Down 1.9%

Shares of NYSE EXR opened at $146.67 on Friday. Extra Space Storage has a 52-week low of $125.71 and a 52-week high of $158.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $30.99 billion, a P/E ratio of 32.38, a P/E/G ratio of 4.31 and a beta of 1.18. The firm has a 50 day moving average price of $147.17 and a 200 day moving average price of $143.34.

Extra Space Storage (NYSE:EXR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.09. The company had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Analysts expect that Extra Space Storage will post 8.31 EPS for the current year.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction 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 SEC, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its stake in shares of Extra Space Storage by 2.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 391,044 shares of the real estate investment trust’s stock valued at $50,922,000 after acquiring an additional 9,492 shares during the last quarter. Bayhunt Capital LLC acquired a new position in shares of Extra Space Storage during the fourth quarter worth $14,650,000. Norges Bank bought a new stake in shares of Extra Space Storage in the fourth quarter worth $1,219,606,000. Manning & Napier Advisors LLC grew its stake in shares of Extra Space Storage by 3,007.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 40,089 shares of the real estate investment trust’s stock worth $5,220,000 after purchasing an additional 38,799 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in Extra Space Storage by 15,978.4% in the fourth quarter. Harbour Investments Inc. now owns 8,200 shares of the real estate investment trust’s stock valued at $1,068,000 after purchasing an additional 8,149 shares during the period. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Company Profile

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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.