Extra Space Storage (NYSE:EXR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Extra Space Storage (NYSE:EXR) had its target price boosted by investment analysts at Royal Bank Of Canada from $153.00 to $157.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential upside of 5.90% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays boosted their price target on Extra Space Storage from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Truist Financial lifted their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. Raymond James Financial began coverage on shares of Extra Space Storage in a research report on Thursday, July 16th. They set an “outperform” rating and a $44.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Extra Space Storage in a report on Friday, July 17th. Finally, UBS Group lifted their price objective on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $146.80.

Extra Space Storage Stock Down 3.0%

NYSE EXR traded down $4.60 on Thursday, hitting $148.25. The stock had a trading volume of 745,215 shares, compared to its average volume of 1,260,888. The business’s fifty day moving average price is $146.34 and its 200 day moving average price is $143.08. The stock has a market cap of $31.32 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 4.71 and a beta of 1.19. 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 has a 52-week low of $125.71 and a 52-week high of $158.88.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.68% and a net margin of 27.80%.The firm had revenue of $874.15 million during the quarter, compared to analysts’ expectations of $874.99 million. During the same quarter last year, the firm earned $2.05 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Equities research analysts anticipate that Extra Space Storage will post 8.26 earnings per share for the current year.

Insider Buying and Selling

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $150.00, for a total transaction of $495,000.00. Following the completion of the sale, the executive vice president directly owned 37,374 shares in the company, valued at approximately $5,606,100. The trade was a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EXR. Reflection Asset Management acquired a new stake in Extra Space Storage during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage in the 3rd quarter valued at about $28,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Extra Space Storage in the first quarter worth about $30,000. CoreCap Advisors LLC boosted its stake in shares of Extra Space Storage by 975.0% in the second quarter. CoreCap Advisors LLC now owns 258 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 234 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Extra Space Storage during the fourth quarter worth about $39,000. 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.