Mizuho Lowers Extra Space Storage (NYSE:EXR) Price Target to $152.00

Extra Space Storage (NYSE:EXR) had its target price lowered by equities researchers at Mizuho from $155.00 to $152.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 8.55% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $147.00 to $156.00 in a research report on Tuesday, June 16th. Wall Street Zen raised shares of Extra Space Storage from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Scotiabank upped their price target on shares of Extra Space Storage from $157.00 to $158.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 18th. Raymond James Financial started coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Truist Financial raised their price target 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. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Extra Space Storage presently has a consensus rating of “Hold” and an average price target of $148.93.

Extra Space Storage Trading Down 0.8%

Shares of NYSE:EXR opened at $140.03 on Wednesday. The business’s 50-day moving average is $146.92 and its 200 day moving average is $143.96. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $158.88. The firm has a market capitalization of $29.58 billion, a P/E ratio of 30.91, a P/E/G ratio of 4.05 and a beta of 1.16. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, research analysts predict that Extra Space Storage will post 8.33 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Extra Space Storage

Several institutional investors and hedge funds have recently bought and sold shares of the business. Reflection Asset Management purchased a new stake in shares of Extra Space Storage in the 4th quarter valued at $26,000. Raiffeisen Bank International AG increased its stake in shares of Extra Space Storage by 82.4% in the second quarter. Raiffeisen Bank International AG now owns 186 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 84 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter worth $28,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Extra Space Storage during the first quarter worth $30,000. Finally, CoreCap Advisors LLC lifted its position in Extra Space Storage by 975.0% during the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 234 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.