Extra Space Storage (NYSE:EXR) Cut to Sell at Wall Street Zen

Posted by Brenda Bartman on Aug 4th, 2026

Wall Street Zen cut shares of Extra Space Storage (NYSE:EXR – Free Report) from a hold rating to a sell rating in a report released on Saturday.

Other research analysts also recently issued reports about the company. Barclays upped their price objective on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Truist Financial raised their target price on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada boosted their price target on shares of 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 target for the stock from $147.00 to $156.00 in a research report on Tuesday, June 16th. Finally, UBS Group increased their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus price target of $147.73.

Check Out Our Latest Report on Extra Space Storage

Extra Space Storage Stock Performance

Shares of EXR stock opened at $149.61 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average of $146.65 and a two-hundred day moving average of $143.27. Extra Space Storage has a 52 week low of $125.71 and a 52 week high of $158.88. The company has a market cap of $31.61 billion, a P/E ratio of 33.03, a PEG ratio of 4.56 and a beta of 1.18.

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 for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $874.15 million for 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, analysts anticipate that Extra Space Storage will post 8.29 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio (DPR) is currently 143.05%.

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 stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage in the third quarter worth about $28,000. Reflection Asset Management acquired a new position in Extra Space Storage during the 4th quarter valued at about $26,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage during the 1st quarter valued at about $30,000. CoreCap Advisors LLC increased its stake in Extra Space Storage by 975.0% during 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 during the period. Finally, DV Equities LLC bought a new stake in shares of Extra Space Storage during the 4th quarter worth about $39,000. Institutional investors own 99.11% of the company’s stock.

Extra Space Storage Company Profile

(Get Free Report)

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.