Extra Space Storage Inc (NYSE:EXR) Given Consensus Recommendation of “Hold” by Brokerages

Extra Space Storage Inc (NYSE:EXR) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $153.0714.

EXR has been the subject of several analyst reports. Truist Financial raised their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Scotiabank raised their target price on shares of Extra Space Storage from $145.00 to $156.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Bank of America upgraded shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Wells Fargo & Company raised their target price on shares of Extra Space Storage from $148.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, UBS Group raised their target price 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.

Extra Space Storage Price Performance

NYSE:EXR opened at $149.18 on Tuesday. The firm has a market capitalization of $31.52 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 4.62 and a beta of 1.20. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $155.19. The business has a 50 day simple moving average of $144.11 and a 200-day simple moving average of $140.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.87). The company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. Extra Space Storage’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities analysts forecast that Extra Space Storage will post 8.26 EPS for the current year.

Extra Space Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.62 per share. The ex-dividend date is Monday, June 15th. This represents a $6.48 dividend on an annualized basis and a yield of 4.3%. Extra Space Storage’s payout ratio is presently 145.29%.

Insider Transactions at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 3,300 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Avalon Trust Co purchased a new position in Extra Space Storage in the 3rd quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Extra Space Storage in the 3rd quarter worth about $28,000. Reflection Asset Management purchased a new position in Extra Space Storage in the 4th quarter worth about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in Extra Space Storage in the 1st quarter worth about $30,000. Finally, Rosenberg Matthew Hamilton increased its stake 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 worth $35,000 after buying an additional 217 shares during the period. Hedge funds and other 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.