Extra Space Storage (NYSE:EXR) Price Target Raised to $154.00 at Wells Fargo & Company

Extra Space Storage (NYSE:EXR) had its price objective hoisted by Wells Fargo & Company from $148.00 to $154.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.10% from the company’s current price.

Other analysts also recently issued research reports about the stock. UBS Group upped their price target on shares of Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, May 18th. BNP Paribas Exane raised shares of Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target for the company in a report on Wednesday, March 18th. Mizuho upped their price target on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank Of Canada upped their price target on shares of Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $152.29.

Extra Space Storage Price Performance

Shares of Extra Space Storage stock traded down $3.15 on Monday, reaching $141.16. 150,931 shares of the stock were exchanged, compared to its average volume of 1,265,513. The firm’s 50 day moving average is $139.25 and its 200-day moving average is $138.48. Extra Space Storage has a one year low of $125.71 and a one 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. The firm has a market cap of $29.82 billion, a PE ratio of 31.63, a P/E/G ratio of 4.69 and a beta of 1.20.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period last year, the company posted $2.00 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts anticipate that Extra Space Storage will post 8.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $142.08, for a total value of $1,065,600.00. Following the completion of the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at $9,447,609.60. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Extra Space Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reflection Asset Management bought a new position in Extra Space Storage in the 4th quarter valued at approximately $26,000. Avalon Trust Co acquired a new position in Extra Space Storage in the 3rd quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Extra Space Storage in the 3rd quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC acquired a new position in Extra Space Storage in the 1st quarter valued at approximately $30,000. Finally, Rosenberg Matthew Hamilton increased its position in Extra Space Storage by 442.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 217 shares during the period. Institutional investors own 99.11% of the company’s stock.

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.