Zacks Research Issues Positive Estimate for EXR Earnings

Extra Space Storage Inc. (NYSE:EXR - Free Report) - Investment analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Extra Space Storage in a note issued to investors on Monday, February 10th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $1.99 per share for the quarter, up from their previous estimate of $1.97. The consensus estimate for Extra Space Storage's current full-year earnings is $8.10 per share.

Several other research analysts have also recently issued reports on the stock. Truist Financial lifted their target price on shares of Extra Space Storage from $167.00 to $168.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. StockNews.com raised Extra Space Storage from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. Wells Fargo & Company restated an "equal weight" rating and set a $175.00 target price on shares of Extra Space Storage in a research note on Monday, October 21st. Barclays dropped their price target on shares of Extra Space Storage from $192.00 to $184.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Finally, Scotiabank raised shares of Extra Space Storage from a "sector underperform" rating to a "sector perform" rating and set a $167.00 price objective for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Extra Space Storage presently has an average rating of "Hold" and an average price target of $174.00.

Extra Space Storage Stock Down 0.6 %

Shares of EXR traded down $0.99 during trading hours on Thursday, hitting $154.96. The company had a trading volume of 1,409,592 shares, compared to its average volume of 1,361,023. Extra Space Storage has a 52-week low of $131.02 and a 52-week high of $184.87. The firm has a fifty day moving average price of $152.13 and a 200-day moving average price of $163.97. The stock has a market capitalization of $32.85 billion, a price-to-earnings ratio of 40.57, a P/E/G ratio of 7.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 0.23.

Institutional Investors Weigh In On Extra Space Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Extra Space Storage in the fourth quarter worth $938,647,000. Pathway Financial Advisers LLC lifted its stake in shares of Extra Space Storage by 17,832.9% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,018,884 shares of the real estate investment trust's stock valued at $363,783,000 after buying an additional 2,007,626 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Extra Space Storage by 724.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,981,799 shares of the real estate investment trust's stock worth $357,100,000 after buying an additional 1,741,320 shares in the last quarter. Northern Trust Corp increased its stake in Extra Space Storage by 48.7% in the 4th quarter. Northern Trust Corp now owns 2,875,049 shares of the real estate investment trust's stock worth $430,107,000 after buying an additional 941,212 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Extra Space Storage during the fourth quarter valued at about $107,453,000. Institutional investors own 99.11% of the company's stock.

Insiders Place Their Bets

In other news, CEO Joseph D. Margolis sold 7,500 shares of Extra Space Storage stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $148.01, for a total transaction of $1,110,075.00. Following the transaction, the chief executive officer now directly owns 16,690 shares of the company's stock, valued at $2,470,286.90. The trade was a 31.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.36% of the company's stock.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.