Extra Space Storage (NYSE:EXR) Updates FY 2026 Earnings Guidance

Extra Space Storage (NYSE:EXR) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.250-8.400 for the period, compared to the consensus EPS estimate of 8.260. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho raised their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $147.00 to $156.00 in a research note on Tuesday, June 16th. Barclays increased their price objective on Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Truist Financial lifted their target price on Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Finally, UBS Group boosted their target price on Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and a consensus price target of $146.53.

Extra Space Storage Stock Up 2.4%

Shares of NYSE:EXR traded up $3.55 on Tuesday, hitting $151.84. 1,962,608 shares of the company’s stock were exchanged, compared to its average volume of 1,253,431. The firm’s 50-day moving average is $145.90 and its 200 day moving average is $142.84. The company has a market capitalization of $32.08 billion, a PE ratio of 34.04, a P/E/G ratio of 4.57 and a beta of 1.19. Extra Space Storage has a 1-year low of $125.71 and a 1-year high of $155.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The business had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts predict that Extra Space Storage will post 8.26 EPS for the current year.

Extra Space Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, June 15th. Extra Space Storage’s dividend payout ratio is currently 145.29%.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the sale, the executive vice president owned 37,374 shares of the company’s stock, valued at approximately $5,606,100. This trade represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXR. Caitong International Asset Management Co. Ltd acquired a new stake in Extra Space Storage during the 3rd quarter worth $28,000. DV Equities LLC acquired a new position in Extra Space Storage in the fourth quarter valued at $39,000. Zions Bancorporation National Association UT boosted its stake in Extra Space Storage by 172.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 193 shares in the last quarter. Logan Capital Management Inc. grew its holdings in shares of Extra Space Storage by 313.7% during the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 229 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Extra Space Storage during the third quarter worth about $51,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

About Extra Space Storage

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.