Q1 EPS Forecast for Extra Space Storage Lowered by Analyst

Extra Space Storage Inc. (NYSE:EXR) – Equities research analysts at Zacks Research dropped their Q1 2025 earnings per share (EPS) estimates for shares of Extra Space Storage in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $1.95 for the quarter, down from their prior estimate of $1.99. 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 Q2 2025 earnings at $2.06 EPS, Q3 2025 earnings at $2.05 EPS, Q4 2025 earnings at $2.04 EPS, FY2025 earnings at $8.09 EPS, Q1 2026 earnings at $2.06 EPS, Q2 2026 earnings at $2.16 EPS, Q3 2026 earnings at $2.14 EPS, Q4 2026 earnings at $2.12 EPS and FY2026 earnings at $8.49 EPS.

Several other research firms have also weighed in on EXR. Truist Financial boosted their price target on Extra Space Storage from $167.00 to $168.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Extra Space Storage in a research report on Thursday, March 6th. StockNews.com lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Royal Bank of Canada lowered their price target on Extra Space Storage from $167.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Finally, Scotiabank lowered their price target on Extra Space Storage from $167.00 to $165.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $171.09.

Extra Space Storage Stock Down 0.8 %

Shares of Extra Space Storage stock opened at $145.67 on Friday. The business’s 50 day simple moving average is $152.82 and its 200 day simple moving average is $161.38. Extra Space Storage has a 52-week low of $131.02 and a 52-week high of $184.87. The firm has a market cap of $30.88 billion, a PE ratio of 38.13, a P/E/G ratio of 7.76 and a beta of 0.90. 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 announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.93. Extra Space Storage had a return on equity of 5.51% and a net margin of 25.35%. The business had revenue of $821.90 million for the quarter, compared to analyst estimates of $707.34 million.

Extra Space Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.48 annualized dividend and a yield of 4.45%. Extra Space Storage’s dividend payout ratio (DPR) is presently 160.40%.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total value of $1,110,075.00. Following the completion of the transaction, the chief executive officer now owns 16,690 shares of the company’s stock, valued at $2,470,286.90. This represents a 31.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William N. Springer sold 1,220 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $152.66, for a total value of $186,245.20. Following the completion of the transaction, the executive vice president now directly owns 20,158 shares of the company’s stock, valued at approximately $3,077,320.28. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,392 shares of company stock worth $1,396,515 in the last ninety days. 1.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Extra Space Storage

A number of institutional investors and hedge funds have recently bought and sold shares of EXR. Norges Bank acquired a new stake in shares of Extra Space Storage in the fourth quarter valued at about $938,647,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Extra Space Storage by 724.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust’s stock valued at $357,100,000 after buying an additional 1,741,320 shares during the period. Northern Trust Corp increased its stake in shares of Extra Space Storage by 48.7% in the fourth quarter. Northern Trust Corp now owns 2,875,049 shares of the real estate investment trust’s stock valued at $430,107,000 after buying an additional 941,212 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Extra Space Storage in the fourth quarter valued at about $107,453,000. Finally, Manning & Napier Advisors LLC increased its stake in shares of Extra Space Storage by 1,127.2% in the fourth quarter. Manning & Napier Advisors LLC now owns 781,986 shares of the real estate investment trust’s stock valued at $116,985,000 after buying an additional 718,266 shares during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.

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.