Extra Space Storage (EXR) Stock Forecast & Price Target

$150.75 -0.85 (-0.56%)

As of 01/17/2025 03:59 PM Eastern

Extra Space Storage - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 12 Analyst Ratings

Sell
1

Hold
7

Buy
4

Based on 12 Wall Street analysts who have issued ratings for Extra Space Storage in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 1 has given a sell rating, 7 have given a hold rating, and 4 have given a buy rating for EXR.

Consensus Price Target

$171.25
13.60% Upside

According to the 12 analysts' twelve-month price targets for Extra Space Storage, the average price target is $171.25. The highest price target for EXR is $204.00, while the lowest price target for EXR is $141.00. The average price target represents a forecasted upside of 13.60% from the current price of $150.75.

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EXR Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$171.25	$171.43	$170.80	$152.50
Forecasted Upside	13.60% Upside	16.62% Upside	2.78% Upside	3.91% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

EXR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EXR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Extra Space Storage Stock vs. The Competition

Type	Extra Space Storage	Finance Companies	S&P 500
Consensus Rating Score	2.25	2.51	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	13.60% Upside	22.60% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent EXR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/13/2025	Barclays 3 of 5 stars	Brendan Lynch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$192.00 ➝ $184.00	+25.41%
1/10/2025	Scotiabank 5 of 5 stars	N. Yulico Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Underperform ➝ Sector Perform	$167.00 ➝ $167.00	+13.01%
12/5/2024	Truist Financial 2 of 5 stars		Boost Target	Hold ➝ Hold	$167.00 ➝ $168.00	+2.79%
10/21/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Luebchow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Equal Weight	$175.00 ➝ $175.00	+2.17%
10/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$170.00 ➝ $168.00	-1.49%
9/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$162.00 ➝ $204.00	+13.95%
9/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Heffern Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$180.00	+3.01%
9/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$172.00 ➝ $178.00	+2.55%
8/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$172.00 ➝ $155.00	-6.03%
7/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$160.00 ➝ $175.00	+5.41%
Get the Latest News and Ratings for EXR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Extra Space Storage and its competitors with MarketBeat's FREE daily newsletter.
6/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$168.00 ➝ $160.00	+7.75%
1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$141.00	-4.76%
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$168.00 ➝ $187.00	+19.23%
12/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$115.00 ➝ $150.00	-1.45%
11/8/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$185.00 ➝ $165.00	+39.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 03:49 PM ET.

Should I Buy Extra Space Storage Stock? EXR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, January 20, 2025. Please send any questions or comments about these Extra Space Storage pros and cons to contact@marketbeat.com.

Extra Space Storage
Bull Case

Here are some ways that investors could benefit from investing in Extra Space Storage Inc.:

Current stock price is $151.63, which is relatively stable compared to its 1-year high of $184.87, indicating potential for recovery and growth.
Extra Space Storage Inc. has a strong institutional ownership of 99.11%, suggesting confidence from large investors in the company's future performance.
The company reported a quarterly revenue increase of 10.2% compared to the same quarter last year, demonstrating solid growth in its business operations.
Analysts have a consensus rating of "Hold" with an average target price of $173.08, indicating that there is potential for price appreciation based on market expectations.
Extra Space Storage Inc. has a relatively low debt-to-equity ratio of 0.77, which indicates a manageable level of debt compared to its equity, reducing financial risk.

Extra Space Storage
Bear Case

Investors should be bearish about investing in Extra Space Storage Inc. for these reasons:

The dividend payout ratio is 169.63%, which is significantly high and may not be sustainable in the long term, potentially leading to future cuts.
Recent earnings results showed a miss on EPS estimates, with reported earnings of $0.91 compared to the consensus of $2.03, raising concerns about profitability.
There are three equities research analysts who have rated the stock with a sell rating, indicating some skepticism about the company's future performance.
Scotiabank recently lowered their price objective from $169.00 to $167.00, reflecting a more cautious outlook on the stock's performance.
The company has a current ratio of 0.23, which is below the ideal threshold of 1, suggesting potential liquidity issues in meeting short-term obligations.

EXR Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $171.25, with a high forecast of $204.00 and a low forecast of $141.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EXR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EXR, but not buy additional shares or sell existing shares.
: According to analysts, Extra Space Storage's stock has a predicted upside of 13.60% based on their 12-month stock forecasts.
: Over the previous 90 days, Extra Space Storage's stock had 1 upgrade by analysts.
: Extra Space Storage has been rated by research analysts at Barclays, Scotiabank, and Truist Financial in the past 90 days.
: Analysts like Extra Space Storage less than other "finance" companies. The consensus rating for Extra Space Storage is Hold while the average consensus rating for "finance" companies is Moderate Buy. Learn more on how EXR compares to other companies.

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This page (NYSE:EXR) was last updated on 1/20/2025 by MarketBeat.com Staff

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Extra Space Storage (EXR) Stock Forecast & Price Target