Brokerages Set Extra Space Storage Inc (NYSE:EXR) Target Price at $148.93

Posted by Brenda Bartman on Sep 11th, 2026

Extra Space Storage Inc (NYSE:EXR – Get Free Report) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $148.9333.

A number of analysts recently issued reports on EXR shares. Barclays increased their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $160.00 price target on shares of Extra Space Storage in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their target price for the company from $147.00 to $156.00 in a research note on Tuesday, June 16th.

Read Our Latest Stock Report on Extra Space Storage

Extra Space Storage Price Performance

EXR stock opened at $136.45 on Friday. The company has a market cap of $28.83 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 3.90 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $145.69 and a two-hundred day moving average price of $143.55. Extra Space Storage has a 12-month low of $125.71 and a 12-month high of $158.88.

Extra Space Storage (NYSE:EXR – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. As a group, research analysts predict that Extra Space Storage will post 8.33 EPS for the current year.

Extra Space Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, September 15th. Extra Space Storage’s dividend payout ratio is currently 143.05%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EXR. Van Hulzen Asset Management LLC boosted its position in shares of Extra Space Storage by 2.8% in the second quarter. Van Hulzen Asset Management LLC now owns 3,630 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 100 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Extra Space Storage during the 2nd quarter valued at about $647,000. NewEdge Advisors LLC raised its holdings in shares of Extra Space Storage by 5.1% during the 2nd quarter. NewEdge Advisors LLC now owns 6,121 shares of the real estate investment trust’s stock valued at $889,000 after buying an additional 299 shares during the period. Squarepoint Ops LLC lifted its position in Extra Space Storage by 359.9% during the 2nd quarter. Squarepoint Ops LLC now owns 25,949 shares of the real estate investment trust’s stock worth $3,770,000 after acquiring an additional 20,307 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Extra Space Storage by 5.0% during the 2nd quarter. Arizona State Retirement System now owns 60,553 shares of the real estate investment trust’s stock worth $8,798,000 after acquiring an additional 2,884 shares in the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

About Extra Space Storage

(Get Free Report)

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and acquires self-storage facilities. Its properties provide individuals and businesses with rental storage units in a range of sizes, along with vehicle, boat and recreational vehicle storage at select locations.

The company also provides third-party management services for self-storage properties owned by other investors and operators. Its services generally include facility operations, marketing, customer support, revenue management and technology solutions.