Extra Space Storage Inc (NYSE:EXR) Receives Consensus Rating of “Hold” from Analysts

Extra Space Storage Inc (NYSE:EXR) has received a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $145.1333.

A number of equities research analysts have issued reports on EXR shares. Truist Financial increased their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Morgan Stanley lowered their target price on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a research note on Friday, December 5th. Royal Bank Of Canada increased their target price on Extra Space Storage from $142.00 to $153.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Bank of America cut Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research note on Thursday, February 5th. Finally, Mizuho lifted their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in Extra Space Storage by 8.3% in the fourth quarter. Hsbc Holdings PLC now owns 836,315 shares of the real estate investment trust’s stock valued at $108,954,000 after purchasing an additional 63,979 shares during the period. Reflection Asset Management acquired a new stake in shares of Extra Space Storage during the fourth quarter worth about $26,000. Astoria Portfolio Advisors LLC. boosted its stake in shares of Extra Space Storage by 13.3% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,154 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 253 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Extra Space Storage by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 141,993 shares of the real estate investment trust’s stock worth $18,490,000 after buying an additional 3,542 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Extra Space Storage during the fourth quarter worth about $410,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

Extra Space Storage Trading Up 0.8%

Shares of EXR stock opened at $141.34 on Friday. The company has a 50-day moving average of $143.43 and a two-hundred day moving average of $139.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. Extra Space Storage has a 1-year low of $121.03 and a 1-year high of $155.19. The firm has a market cap of $29.84 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24.

Extra Space Storage (NYSE:EXR) last released its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.05. The company had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. On average, analysts predict that Extra Space Storage will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s payout ratio is currently 140.87%.

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.