Extra Space Storage (NYSE:EXR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Extra Space Storage (NYSE:EXR) from a sell rating to a hold rating in a report published on Sunday.

EXR has been the subject of several other research reports. Royal Bank Of Canada upped their price objective on shares of Extra Space Storage from $153.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Truist Financial raised their target price on shares of Extra Space Storage from $140.00 to $148.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Barclays boosted their target price on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Bank of America raised shares of Extra Space Storage from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $147.00 to $156.00 in a report on Tuesday, June 16th. Finally, Wells Fargo & Company increased their price target on shares of Extra Space Storage from $154.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.73.

Extra Space Storage Price Performance

Shares of NYSE EXR opened at $149.37 on Friday. The business has a fifty day moving average price of $147.05 and a two-hundred day moving average price of $143.33. The stock has a market capitalization of $31.56 billion, a PE ratio of 32.97, a P/E/G ratio of 4.31 and a beta of 1.18. 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 has a fifty-two week low of $125.71 and a fifty-two week high of $158.88.

Extra Space Storage (NYSE:EXR) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million for the quarter, compared to analyst estimates of $874.99 million. During the same period in the prior year, the firm posted $2.05 EPS. Extra Space Storage’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. As a group, equities analysts predict that Extra Space Storage will post 8.31 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.62 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $6.48 annualized dividend and a yield of 4.3%. Extra Space Storage’s dividend payout ratio (DPR) is 143.05%.

Insiders Place Their Bets

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Reflection Asset Management bought a new stake in shares of Extra Space Storage during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in Extra Space Storage in the 3rd quarter valued at approximately $28,000. Cassaday & Co Wealth Management LLC bought a new position in Extra Space Storage in the 1st quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its position in 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 valued at $37,000 after buying an additional 234 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at approximately $39,000. 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.