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

Shares of Extra Space Storage Inc (NYSE:EXR) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $145.1333.

A number of equities analysts have recently weighed in on the company. Mizuho upped their target price on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Evercore restated a “cautious” rating on shares of Extra Space Storage in a report on Monday, November 3rd. Barclays reaffirmed an “overweight” rating and issued a $164.00 price objective on shares of Extra Space Storage in a research note on Tuesday, January 13th. Royal Bank Of Canada boosted their target price on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Wall Street Zen cut shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st.

Institutional Investors Weigh In On Extra Space Storage

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Extra Space Storage by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 34,430,823 shares of the real estate investment trust’s stock worth $4,852,680,000 after acquiring an additional 161,171 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Extra Space Storage by 13.4% during the fourth quarter. Cohen & Steers Inc. now owns 15,979,424 shares of the real estate investment trust’s stock valued at $2,080,971,000 after purchasing an additional 1,888,763 shares in the last quarter. State Street Corp boosted its holdings in Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares during the last quarter. Norges Bank bought a new stake in Extra Space Storage in the 4th quarter worth about $1,219,606,000. Finally, Capital World Investors increased its stake in Extra Space Storage by 0.5% in the 3rd quarter. Capital World Investors now owns 7,161,360 shares of the real estate investment trust’s stock valued at $1,009,371,000 after buying an additional 33,622 shares during the last quarter. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Stock Down 0.4%

Shares of NYSE EXR opened at $149.74 on Wednesday. The company’s fifty day simple moving average is $139.24 and its 200 day simple moving average is $139.05. Extra Space Storage has a 12-month low of $121.03 and a 12-month high of $162.77. The firm has a market cap of $31.62 billion, a PE ratio of 32.55, a P/E/G ratio of 1.82 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.92.

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

Extra Space Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, March 16th. Extra Space Storage’s dividend payout ratio (DPR) is currently 140.87%.

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.