Extra Space Storage Inc (NYSE:EXR – Get Free Report) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $152.2857.
EXR has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday. Scotiabank raised their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Truist Financial dropped their price objective on shares of Extra Space Storage from $158.00 to $150.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd.
Check Out Our Latest Report on EXR
Insider Activity
Institutional Investors Weigh In On Extra Space Storage
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXR. NewEdge Advisors LLC raised its stake in Extra Space Storage by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 291 shares during the period. Empowered Funds LLC raised its stake in Extra Space Storage by 15.5% during the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after acquiring an additional 661 shares during the period. Sivia Capital Partners LLC bought a new stake in Extra Space Storage during the 2nd quarter worth approximately $457,000. First Trust Advisors LP raised its stake in Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock worth $15,954,000 after acquiring an additional 70,115 shares during the period. Finally, Brown Advisory Inc. raised its stake in Extra Space Storage by 1.8% during the 2nd 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. Institutional investors own 99.11% of the company’s stock.
Extra Space Storage Stock Performance
Shares of NYSE EXR opened at $142.18 on Friday. The firm’s 50-day moving average price is $139.34 and its 200-day moving average price is $138.53. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market cap of $30.04 billion, a PE ratio of 31.88, a PEG ratio of 4.56 and a beta of 1.20. Extra Space Storage has a 52-week low of $125.71 and a 52-week high of $155.19.
Extra Space Storage (NYSE:EXR – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). The business had revenue of $856.03 million during the quarter, compared to analysts’ expectations of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts anticipate that Extra Space Storage will post 8.23 EPS for the current year.
Extra Space Storage Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.6%. Extra Space Storage’s dividend payout ratio (DPR) is presently 145.29%.
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.
Read More
- Five stocks we like better than Extra Space Storage
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.
