Recent Analysts’ Ratings Updates for Extra Space Storage (EXR)

Several brokerages have updated their recommendations and price targets on shares of Extra Space Storage (NYSE: EXR) in the last few weeks:

• 5/13/2025 – Extra Space Storage had its price target raised by analysts at Bank of America Co. from $155.00 to $161.00. They now have a “neutral” rating on the stock.
• 5/13/2025 – Extra Space Storage had its price target lowered by analysts at Benchmark Co. from $61.00 to $55.00. They now have a “buy” rating on the stock.
• 5/12/2025 – Extra Space Storage had its price target raised by analysts at Scotiabank from $149.00 to $166.00. They now have a “sector outperform” rating on the stock.
• 5/1/2025 – Extra Space Storage had its price target lowered by analysts at Royal Bank of Canada from $163.00 to $160.00. They now have a “sector perform” rating on the stock.
• 5/1/2025 – Extra Space Storage had its price target raised by analysts at Evercore ISI from $144.00 to $149.00. They now have an “in-line” rating on the stock.
• 4/30/2025 – Extra Space Storage was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/9/2025 – Extra Space Storage was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating. They now have a $149.00 price target on the stock, down previously from $165.00.
• 4/9/2025 – Extra Space Storage is now covered by analysts at Mizuho. They set an “outperform” rating and a $141.00 price target on the stock.
• 4/8/2025 – Extra Space Storage was upgraded by analysts at Mizuho to a “strong-buy” rating.

Extra Space Storage Stock Up 1.8%

EXR stock opened at $148.48 on Friday. The company’s 50 day moving average price is $143.11 and its 200 day moving average price is $152.18. The firm has a market capitalization of $31.51 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 7.76 and a beta of 1.14. Extra Space Storage Inc. has a fifty-two week low of $121.03 and a fifty-two week high of $184.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.00 EPS for the quarter, topping the consensus estimate of $1.96 by $0.04. Extra Space Storage had a net margin of 25.35% and a return on equity of 5.51%. The company had revenue of $820.00 million during the quarter, compared to analysts’ expectations of $705.12 million. During the same quarter in the previous year, the business posted $1.96 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Extra Space Storage Inc. will post 8.1 EPS for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.62 per share. The ex-dividend date was Friday, March 14th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.36%. Extra Space Storage’s payout ratio is currently 150.35%.

Insider Activity at Extra Space Storage

In other Extra Space Storage news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $147.45, for a total value of $1,105,875.00. Following the transaction, the chief executive officer now directly owns 9,190 shares in the company, valued at approximately $1,355,065.50. The trade was a 44.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William N. Springer sold 1,220 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $152.66, for a total value of $186,245.20. Following the sale, the executive vice president now directly owns 20,158 shares of the company’s stock, valued at approximately $3,077,320.28. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,392 shares of company stock valued at $1,392,315 over the last quarter. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On Extra Space Storage

Large investors have recently modified their holdings of the business. Oak Thistle LLC purchased a new position in Extra Space Storage in the fourth quarter valued at about $399,000. Park Avenue Securities LLC boosted its stake in shares of Extra Space Storage by 20.2% during the fourth quarter. Park Avenue Securities LLC now owns 4,273 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 719 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in Extra Space Storage by 4.6% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 58,249 shares of the real estate investment trust’s stock worth $8,714,000 after acquiring an additional 2,569 shares during the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Extra Space Storage during the fourth quarter worth $266,000. Finally, Wedge Capital Management L L P NC grew its holdings in Extra Space Storage by 1.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 5,138 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 68 shares during the period. 99.11% of the stock is owned by hedge funds and other institutional investors.

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.