Extra Space Storage (EXR) Stock Forecast & Price Target

$137.41 +3.54 (+2.64%)

Closing price 04/14/2025 03:58 PM Eastern

Extended Trading

$136.89 -0.52 (-0.38%)

As of 08:44 AM 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

Moderate Buy

Based on 13 Analyst Ratings

Sell
1

Hold
5

Buy
7

Based on 13 Wall Street analysts who have issued ratings for Extra Space Storage in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 1 has given a sell rating, 5 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for EXR.

Consensus Price Target

$167.25
21.72% Upside

According to the 13 analysts' twelve-month price targets for Extra Space Storage, the average price target is $167.25. 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 21.72% from the current price of $137.41.

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EXR Analyst Ratings Over Time

Type	Current Forecast 4/15/24 to 4/15/25	1 Month Ago 3/16/24 to 3/16/25	3 Months Ago 1/16/24 to 1/15/25	1 Year Ago 4/16/23 to 4/15/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$167.25	$171.09	$171.25	$150.17
Forecasted Upside	21.72% Upside	17.97% Upside	14.54% Upside	9.03% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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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	2.54	2.53	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	21.72% Upside	39.42% Upside	25.80% Upside
News Sentiment Rating	Positive News See Recent EXR News	Positive News	Positive News

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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
4/9/2025	Mizuho 3 of 5 stars	Ravi Vaidya Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$141.00	+11.47%
4/9/2025	Scotiabank 5 of 5 stars	N. Yulico Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform	$165.00 ➝ $149.00	+17.80%
3/12/2025	Barclays 3 of 5 stars	Brendan Lynch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$184.00 ➝ $181.00	+20.74%
3/6/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
2/27/2025	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	Lower Target	Sector Perform ➝ Sector Perform	$167.00 ➝ $163.00	+6.18%
2/21/2025	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	Lower Target	Equal Weight ➝ Equal Weight	$170.00 ➝ $165.00	+6.09%
12/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$167.00 ➝ $168.00	+2.79%
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%
9/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$172.00 ➝ $178.00	+2.55%
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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%
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%
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 Tuesday at 09:05 AM 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, April 7, 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.:

Extra Space Storage Inc. reported strong earnings, with $2.03 earnings per share, significantly exceeding the consensus estimate of $1.10, indicating robust financial performance.
The company has a solid market capitalization of $29.27 billion, reflecting its strong position in the real estate investment trust sector.
Extra Space Storage Inc. recently declared a quarterly dividend of $1.62, translating to an annualized dividend of $6.48 and a yield of 4.49%, which can provide a steady income stream for investors.
The stock is currently trading at $138.05, which may present a buying opportunity given its 12-month high of $184.87, suggesting potential for price appreciation.
Institutional ownership is high, with 99.11% of the stock held by hedge funds and other institutional investors, indicating strong confidence in the company's future prospects.

Extra Space Storage
Bear Case

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

The company's dividend payout ratio is currently at 160.40%, which means it is paying out more in dividends than it earns, raising concerns about sustainability.
Recent analyst ratings have been mixed, with some analysts downgrading the stock from "hold" to "sell," indicating potential bearish sentiment in the market.
Extra Space Storage Inc. has a relatively high P/E ratio of 36.14, which may suggest that the stock is overvalued compared to its earnings, making it a riskier investment.
The stock has experienced a decline of 4.2% recently, which could indicate volatility and uncertainty in the market.
With a current ratio of 0.23, the company may face liquidity issues, as this ratio indicates that it may not have enough short-term assets to cover its short-term liabilities.

EXR Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Extra Space Storage is $167.25, with a high forecast of $204.00 and a low forecast of $141.00.
: 13 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, 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EXR shares.
: According to analysts, Extra Space Storage's stock has a predicted upside of 21.72% based on their 12-month stock forecasts.
: Over the previous 90 days, Extra Space Storage's stock had 2 upgrades by analysts.
: Extra Space Storage has been rated by research analysts at Barclays, Mizuho, Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Extra Space Storage more than other "finance" companies. The consensus rating score for Extra Space Storage is 2.54 while the average consensus rating score for "finance" companies is 2.54. Learn more on how EXR compares to other companies.

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This page (NYSE:EXR) was last updated on 4/15/2025 by MarketBeat.com Staff

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Extra Space Storage (EXR) Stock Forecast & Price Target