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

Extra Space Storage Inc (NYSE:EXR) has been given an average rating of “Hold” by the sixteen ratings firms that are presently covering the firm, Marketbeat 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 1 year price objective among brokerages that have issued ratings on the stock in the last year is $145.00.

Several research firms recently commented on EXR. Scotiabank boosted their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Wells Fargo & Company lowered their target price on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Barclays increased their price objective on Extra Space Storage from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, UBS Group lowered their price objective on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, January 8th.

Extra Space Storage Price Performance

Shares of EXR stock opened at $130.35 on Friday. Extra Space Storage has a 1-year low of $121.03 and a 1-year high of $155.19. The stock’s 50-day moving average is $143.51 and its 200 day moving average is $139.58. The company has a market cap of $27.52 billion, a P/E ratio of 28.34, a PEG ratio of 2.62 and a beta of 1.24. 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 (NYSE:EXR) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The business had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.79%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Research analysts predict that Extra Space Storage will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $1.62 dividend. The ex-dividend date is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a yield of 5.0%. Extra Space Storage’s dividend payout ratio (DPR) is 140.87%.

Insiders Place Their Bets

In other news, CEO Joseph D. Margolis sold 7,500 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the sale, the chief executive officer owned 66,495 shares in the company, valued at approximately $9,447,609.60. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

A number of institutional investors have recently bought and sold shares of EXR. NewEdge Advisors LLC boosted its position in Extra Space Storage by 9.3% in the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 291 shares during the last quarter. Empowered Funds LLC raised its position in Extra Space Storage by 15.5% during the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 661 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Extra Space Storage during the 2nd quarter worth approximately $457,000. Los Angeles Capital Management LLC acquired a new stake in Extra Space Storage during the 2nd quarter valued at approximately $422,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in Extra Space Storage by 22.9% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,152 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 587 shares during the period. 99.11% of the stock is currently owned by institutional investors and hedge funds.

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.