Weekly Investment Analysts’ Ratings Updates for Extra Space Storage (EXR)

Extra Space Storage (NYSE: EXR) recently received a number of ratings updates from brokerages and research firms:

• 9/1/2025 – Extra Space Storage was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating.
• 8/28/2025 – Extra Space Storage had its price target lowered by analysts at Scotiabank from $166.00 to $162.00. They now have a “sector outperform” rating on the stock.
• 8/26/2025 – Extra Space Storage was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $160.00 price target on the stock.
• 8/24/2025 – Extra Space Storage was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating.
• 8/22/2025 – Extra Space Storage had its price target lowered by analysts at Citigroup Inc. from $165.00 to $150.00. They now have a “neutral” rating on the stock.
• 8/21/2025 – Extra Space Storage had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $146.00 price target on the stock, down previously from $169.00.
• 8/19/2025 – Extra Space Storage had its price target lowered by analysts at Truist Financial Corporation from $158.00 to $150.00. They now have a “hold” rating on the stock.
• 8/16/2025 – Extra Space Storage was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating.
• 8/8/2025 – Extra Space Storage had its price target lowered by analysts at Barclays PLC from $178.00 to $169.00. They now have an “overweight” rating on the stock.
• 8/4/2025 – Extra Space Storage had its price target lowered by analysts at Royal Bank Of Canada from $160.00 to $148.00. They now have a “sector perform” rating on the stock.
• 8/4/2025 – Extra Space Storage had its price target lowered by analysts at Evercore ISI from $148.00 to $146.00. They now have an “in-line” rating on the stock.
• 7/23/2025 – Extra Space Storage had its price target lowered by analysts at Wells Fargo & Company from $165.00 to $160.00. They now have an “equal weight” rating on the stock.

Extra Space Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. Extra Space Storage’s payout ratio is currently 140.56%.

Insider Buying and Selling

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $150.35, for a total transaction of $1,127,625.00. Following the completion of the sale, the chief executive officer directly owned 27,260 shares of the company’s stock, valued at approximately $4,098,541. The trade was a 21.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.