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

Extra Space Storage (NYSE:EXR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently commented on EXR. Bank of America downgraded Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 target price on the stock. in a report on Thursday, February 5th. BNP Paribas Exane upgraded Extra Space Storage from a “neutral” rating to an “outperform” rating and set a $154.00 price target for the company in a report on Wednesday, March 18th. Scotiabank lifted their price objective on shares of Extra Space Storage from $145.00 to $156.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Morgan Stanley dropped their price objective on shares of Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Friday, December 5th. Finally, Mizuho boosted their target price on shares of Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Six 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 stock. According to data from MarketBeat.com, Extra Space Storage has an average rating of “Hold” and an average price target of $143.80.

Extra Space Storage Stock Up 0.1%

Shares of Extra Space Storage stock opened at $133.94 on Friday. Extra Space Storage has a twelve month low of $121.03 and a twelve month high of $155.19. The stock has a market cap of $28.29 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.69 and a beta of 1.26. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average price of $140.78 and a 200 day moving average price of $138.54.

Extra Space Storage (NYSE:EXR) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. The company had revenue of $857.47 million for the quarter, compared to analyst estimates of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Equities research analysts forecast that Extra Space Storage will post 8.1 earnings per share for the current fiscal year.

Insider Activity at Extra Space Storage

In other news, CEO Joseph D. Margolis sold 7,500 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $142.08, for a total transaction of $1,065,600.00. Following the transaction, the chief executive officer owned 66,495 shares of the company’s stock, valued at approximately $9,447,609.60. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

Institutional Trading of Extra Space Storage

Several institutional investors and hedge funds have recently bought and sold shares of EXR. Hsbc Holdings PLC lifted its holdings in Extra Space Storage by 8.3% during the 4th quarter. Hsbc Holdings PLC now owns 836,315 shares of the real estate investment trust’s stock worth $108,954,000 after buying an additional 63,979 shares during the last quarter. Stance Capital LLC bought a new stake in shares of Extra Space Storage in the 4th quarter valued at approximately $2,851,000. Reflection Asset Management acquired a new stake in shares of Extra Space Storage during the 4th quarter valued at approximately $26,000. Astoria Portfolio Advisors LLC. raised its position in shares of Extra Space Storage by 13.3% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,154 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 253 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Extra Space Storage by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 141,993 shares of the real estate investment trust’s stock worth $18,490,000 after purchasing an additional 3,542 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.