Zacks Research Issues Negative Outlook for EXR Earnings

Extra Space Storage Inc. (NYSE:EXR) – Investment analysts at Zacks Research dropped their Q2 2025 earnings per share estimates for Extra Space Storage in a research report issued to clients and investors on Tuesday, May 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $2.03 per share for the quarter, down from their prior forecast of $2.06. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.10 per share. Zacks Research also issued estimates for Extra Space Storage’s Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $2.02 EPS, Q1 2026 earnings at $2.04 EPS, Q2 2026 earnings at $2.12 EPS, Q3 2026 earnings at $2.11 EPS, Q4 2026 earnings at $2.10 EPS, FY2026 earnings at $8.37 EPS, Q1 2027 earnings at $2.11 EPS and FY2027 earnings at $8.68 EPS.

Several other research analysts have also recently issued reports on the company. Benchmark dropped their price objective on Extra Space Storage from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Evercore ISI increased their price objective on Extra Space Storage from $144.00 to $149.00 and gave the stock an “in-line” rating in a research note on Thursday, May 1st. Mizuho started coverage on Extra Space Storage in a research note on Wednesday, April 9th. They issued an “outperform” rating and a $141.00 price objective on the stock. Royal Bank of Canada dropped their price objective on Extra Space Storage from $163.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Extra Space Storage in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.46.

Extra Space Storage Trading Down 0.5%

EXR opened at $144.66 on Thursday. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 7.76 and a beta of 1.14. The stock’s 50 day moving average price is $143.29 and its 200-day moving average price is $151.68. Extra Space Storage has a one year low of $121.03 and a one year high of $184.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.04. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $705.12 million. During the same period in the prior year, the business posted $1.96 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year.

Extra Space Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.48%. Extra Space Storage’s payout ratio is 150.35%.

Insider Buying and Selling

In other Extra Space Storage news, EVP William N. Springer sold 1,220 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $152.66, for a total transaction of $186,245.20. Following the completion of the sale, the executive vice president now directly owns 20,158 shares in the company, valued at approximately $3,077,320.28. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $147.45, for a total value of $1,105,875.00. Following the sale, the chief executive officer now owns 9,190 shares of the company’s stock, valued at approximately $1,355,065.50. This trade represents a 44.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,392 shares of company stock valued at $1,392,315. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Extra Space Storage

Large investors have recently bought and sold shares of the company. Mattson Financial Services LLC grew its position in shares of Extra Space Storage by 17.7% in the first quarter. Mattson Financial Services LLC now owns 21,231 shares of the real estate investment trust’s stock valued at $3,153,000 after purchasing an additional 3,187 shares in the last quarter. Advisory Alpha LLC purchased a new stake in shares of Extra Space Storage in the first quarter valued at approximately $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Extra Space Storage by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,268,023 shares of the real estate investment trust’s stock valued at $336,779,000 after purchasing an additional 124,976 shares in the last quarter. Woodline Partners LP grew its position in shares of Extra Space Storage by 157.4% in the first quarter. Woodline Partners LP now owns 389,716 shares of the real estate investment trust’s stock valued at $57,869,000 after purchasing an additional 238,303 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of Extra Space Storage in the first quarter valued at approximately $5,524,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.

About Extra Space Storage

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.