Scotiabank Issues Positive Forecast for Extra Space Storage (NYSE:EXR) Stock Price

Extra Space Storage (NYSE:EXR) had its price target boosted by research analysts at Scotiabank from $145.00 to $156.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 2.22% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company reduced their price target on shares of Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective for the company. in a research report on Thursday, February 5th. Truist Financial boosted their target price on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. UBS Group dropped their price target on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada lifted their price objective on Extra Space Storage from $142.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $144.73.

Extra Space Storage Price Performance

Shares of NYSE EXR traded up $1.58 during mid-day trading on Monday, reaching $152.61. The company’s stock had a trading volume of 517,934 shares, compared to its average volume of 1,431,342. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.39 and a quick ratio of 0.39. Extra Space Storage has a 52 week low of $121.03 and a 52 week high of $160.58. The stock has a fifty day moving average of $140.29 and a two-hundred day moving average of $139.31. The firm has a market capitalization of $32.22 billion, a PE ratio of 33.20, a P/E/G ratio of 3.04 and a beta of 1.24.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The company had revenue of $857.47 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $2.03 EPS. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, sell-side analysts anticipate that Extra Space Storage will post 8.1 EPS for the current fiscal year.

Institutional Trading of Extra Space Storage

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avalon Trust Co bought a new position in shares of Extra Space Storage in the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Extra Space Storage during the third quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of Extra Space Storage by 60.2% in the third quarter. Versant Capital Management Inc now owns 213 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 80 shares during the period. Davis Capital Management bought a new position in Extra Space Storage in the third quarter worth approximately $35,000. Finally, Rosenberg Matthew Hamilton increased its holdings in Extra Space Storage by 442.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 266 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 217 shares during the period. Hedge funds and other institutional investors 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.