Zacks Research Issues Positive Outlook for EXR Earnings

Extra Space Storage Inc. (NYSE:EXR - Free Report) - Equities researchers at Zacks Research lifted their Q2 2025 earnings estimates for Extra Space Storage in a research report issued to clients and investors on Monday, February 10th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $2.10 per share for the quarter, up from their previous forecast of $2.08. The consensus estimate for Extra Space Storage's current full-year earnings is $8.10 per share. Zacks Research also issued estimates for Extra Space Storage's Q3 2025 earnings at $2.13 EPS, Q4 2025 earnings at $2.10 EPS, FY2025 earnings at $8.32 EPS, Q1 2026 earnings at $2.13 EPS, Q2 2026 earnings at $2.17 EPS, Q3 2026 earnings at $2.19 EPS, Q4 2026 earnings at $2.16 EPS and FY2026 earnings at $8.65 EPS.

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

Extra Space Storage Trading Down 0.6 %

Shares of EXR traded down $0.99 during trading hours on Wednesday, hitting $154.96. 1,409,592 shares of the stock were exchanged, compared to its average volume of 1,361,023. Extra Space Storage has a fifty-two week low of $131.02 and a fifty-two week high of $184.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50-day moving average of $152.30 and a 200-day moving average of $164.00. The firm has a market capitalization of $32.85 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 7.77 and a beta of 0.91.

Institutional Investors Weigh In On Extra Space Storage

Institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in Extra Space Storage during the fourth quarter worth $25,000. Harbour Investments Inc. grew its holdings in Extra Space Storage by 90.9% during the fourth quarter. Harbour Investments Inc. now owns 168 shares of the real estate investment trust's stock worth $25,000 after buying an additional 80 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Extra Space Storage during the third quarter worth $33,000. Harvest Fund Management Co. Ltd bought a new stake in Extra Space Storage during the third quarter worth $42,000. Finally, Quent Capital LLC grew its stake in Extra Space Storage by 89.0% in the 4th quarter. Quent Capital LLC now owns 327 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 154 shares during the period. Institutional investors own 99.11% of the company's stock.

Insiders Place Their Bets

In related news, CEO Joseph D. Margolis sold 7,500 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 16,690 shares in the company, valued at approximately $2,470,286.90. This represents a 31.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.