Extra Space Storage (NYSE:EXR) Price Target Raised to $155.00 at Mizuho

Extra Space Storage (NYSE:EXR) had its target price raised by analysts at Mizuho from $150.00 to $155.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 7.15% from the company’s current price.

Several other equities analysts have also issued reports on EXR. UBS Group boosted their target price on Extra Space Storage from $148.00 to $158.00 and gave the stock a “buy” rating in a research 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 objective on the stock in a research note on Wednesday, March 18th. Wall Street Zen downgraded shares of Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Scotiabank increased 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. Finally, Bank of America cut shares of Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price target on the stock. in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $151.86.

Extra Space Storage Trading Up 0.5%

EXR stock traded up $0.67 during midday trading on Wednesday, reaching $144.66. The company’s stock had a trading volume of 45,850 shares, compared to its average volume of 1,273,002. Extra Space Storage has a 52 week low of $125.71 and a 52 week high of $155.19. The stock has a market cap of $30.56 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 4.66 and a beta of 1.22. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The business’s 50-day simple moving average is $138.83 and its 200-day simple moving average is $138.20.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.87). The business had revenue of $856.03 million for 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%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts expect that Extra Space Storage will post 8.23 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company’s stock in a transaction 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 directly owned 66,495 shares of the company’s stock, valued at approximately $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 accessible through this link. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cibc World Market Inc. raised its stake in Extra Space Storage by 19.4% in the 3rd quarter. Cibc World Market Inc. now owns 190,863 shares of the real estate investment trust’s stock valued at $26,900,000 after acquiring an additional 30,983 shares during the period. Principal Financial Group Inc. raised its position in shares of Extra Space Storage by 6.4% in the third quarter. Principal Financial Group Inc. now owns 6,715,901 shares of the real estate investment trust’s stock valued at $946,540,000 after purchasing an additional 406,146 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Extra Space Storage by 38.2% in the third quarter. Thrivent Financial for Lutherans now owns 589,271 shares of the real estate investment trust’s stock valued at $83,052,000 after purchasing an additional 162,773 shares during the period. Metis Global Partners LLC raised its holdings in Extra Space Storage by 28.4% in the 3rd quarter. Metis Global Partners LLC now owns 54,950 shares of the real estate investment trust’s stock valued at $7,745,000 after acquiring an additional 12,145 shares during the period. Finally, Centersquare Investment Management LLC lifted its position in Extra Space Storage by 8.4% during the third quarter. Centersquare Investment Management LLC now owns 2,920,697 shares of the real estate investment trust’s stock worth $411,643,000 after acquiring an additional 227,289 shares during the last quarter. 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.